blk12svt Posted May 19, 2013 Report Share Posted May 19, 2013 I was at the Mecum Indy auction yesterday and saw what appeared to be a very nice 2011 Gray/silver strip 500 hammer for $27,500. Sad... Link to comment Share on other sites More sharing options...
Madlock Posted May 19, 2013 Report Share Posted May 19, 2013 Yeah, it can be all about who's on hand that day. Sometimes it only takes two people for values to go crazy but, as often as not, cars that can still be gotten from dealers do poorly - usually better at Manheim as a piece of rolling stock rather than a collectible - which current-generation GT500's simply aren't. It doesn't help that lots of people are still trading their '07-'12s for '13s and '14s. Link to comment Share on other sites More sharing options...
kawwy600 Posted May 19, 2013 Report Share Posted May 19, 2013 Maybe the car was involved in some accidents Link to comment Share on other sites More sharing options...
eds10shelby Posted June 6, 2013 Report Share Posted June 6, 2013 Are you sure there wasn't a "The Bid Goes On" ...I can't see a seller accepting such a low bid unless the car had issues of some kind and he just wanted to dump it. Link to comment Share on other sites More sharing options...
speedrx Posted June 7, 2013 Report Share Posted June 7, 2013 Easy to check, Mecum lists their sales results for each auction on mecum.com Link to comment Share on other sites More sharing options...
4Lights Posted June 18, 2013 Report Share Posted June 18, 2013 This is the closest I could find in the results, couldn't find a 2011 at all - this one is gray with I believe white stripes Lot S58.1 2010 Ford Mustang GT500 Coupe Sold Price: $30,000 DESCRIPTION - 6,355 miles - Car speaks for itself - Light strip - Rebuilt title What should be full results are listed here: http://www.mecum.com/auctions/consignment_list_p.cfm?AUCTION_ID=SC0513&consignday=All&type=text&lottype= Link to comment Share on other sites More sharing options...
Cobramach1 Posted June 18, 2013 Report Share Posted June 18, 2013 It's probably the same car. The sold price is likely with the commissions raising it from 27,500 to 30k. Link to comment Share on other sites More sharing options...
Snoopy49 Posted June 19, 2013 Report Share Posted June 19, 2013 Is a Rebuilt Title the same as a Salvage Title? Link to comment Share on other sites More sharing options...
Agas Ride Posted June 20, 2013 Report Share Posted June 20, 2013 Is a Rebuilt Title the same as a Salvage Title? Yes.. Link to comment Share on other sites More sharing options...
MY500SS Posted June 20, 2013 Report Share Posted June 20, 2013 This is the closest I could find in the results, couldn't find a 2011 at all - this one is gray with I believe white stripes Lot S58.1 2010 Ford Mustang GT500 Coupe Sold Price: $30,000 DESCRIPTION - 6,355 miles - Car speaks for itself - Light strip - Rebuilt title What should be full results are listed here: http://www.mecum.com...e=text&lottype= That would explain the low selling price. Link to comment Share on other sites More sharing options...
blk12svt Posted June 20, 2013 Author Report Share Posted June 20, 2013 Has to be the same car but would have swore it said it was an 11. Glad to hear that it was a rebuild/salvage title. I was thinking 1/2 the price of new in only two years depreciation... My wife was about to kill me after seeing that especially since we have a 14 on order... Link to comment Share on other sites More sharing options...
2nd2none Posted June 20, 2013 Report Share Posted June 20, 2013 I've been watching quite a bit of Fast & Loud and Chasing Classic Cars on TV where they sell quite a few of their cars at different auctions. The guys on these shows almost always seem to get way less than they wanted/expected for the cars. Also never understand whey they (sellers) would remove the reserve. Seen it where the bid is a few thousand less than the reserve and they talk the seller into removing the reserve thinking the bids will start to go up just because of that. It never seems to work. The bidding stays exactly where it was. Link to comment Share on other sites More sharing options...
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