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Bullitt Mustang On Auction Block


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The Mecum Auctions at Kissimee Florida January 2-12 ,  the Bullitt Mustang is Lot #F150 and goes across the stage on Friday Jan 10th .  It's expected to set a new record of over 5 million dollars .  I'm an hour away and have hotel reservations for the 9th and 10th , maybe I'll be lucky and get close enough to see it in person ! :)

https://www.mecum.com/lots/FL0120-397388/1968-ford-mustang-gt-bullitt/

https://cdn1.mecum.com/assets/docs/FL20_Bullitt/index.html

Bulitt Mustang

Edited by TooOld
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12 hours ago, mrmike said:

The owner must have changed his mind as he said that the car would always stay in his family.

That was until he realized he would become an instant millionaire. ?

I have seen the car a few times.  If it was not used in the movie it would be worth about $20K.

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On 12/14/2019 at 6:10 PM, mrmike said:

The owner must have changed his mind as he said that the car would always stay in his family.

 

15 hours ago, vamach1 said:

That was until he realized he would become an instant millionaire. ?

I have seen the car a few times.  If it was not used in the movie it would be worth about $20K.

I saw and interesting digging deeper on Antiques Roadshow and it may explain this.  They were discussing common people who had items of great value that didn't realize the value when they brought them in.  Often those people turn to the appraisers soon after the show to help then sell the item.  It is not because of greed or avarice but fear and cost.  Fear that they don't have adequate means to protect the item and the cost to do so is far beyond their means.

  This guy probably realized that it wasn't really a good idea to have this stored in his garage and drive it around anymore. Yes, he could be an instant millionaire, but it would take a millionaire to afford the type of facility to keep it safe and to do any necessary restoration work on it. 

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18 minutes ago, Pete J. said:

 

I saw and interesting digging deeper on Antiques Roadshow and it may explain this.  They were discussing common people who had items of great value that didn't realize the value when they brought them in.  Often those people turn to the appraisers soon after the show to help then sell the item.  It is not because of greed or avarice but fear and cost.  Fear that they don't have adequate means to protect the item and the cost to do so is far beyond their means.

  This guy probably realized that it wasn't really a good idea to have this stored in his garage and drive it around anymore. Yes, he could be an instant millionaire, but it would take a millionaire to afford the type of facility to keep it safe and to do any necessary restoration work on it. 

Really great point...

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Here is the same car back in September in Fredericksburg VA.  Note the lack of any real enclosure to keep people away.  I bet a lot of wives of Mustang enthusiasts that visited the free show (for spectators)  looked at heir husbands like they were insane when they heard it was worth more than about forty of the best restored and most desreable rare Mustangs in the show.  ?. I know it's a sexist comment but I did not know how else to get the point across.

IMG_5460.JPG

Edited by vamach1
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You can see it's got some rust on it. If the owner restores is, it will be worth less? If he doesn't restore it, will it rot away?

 

Maybe that is why they are selling it. For 5 million, I could think of a lot of things I would buy first. However if I had 5 million to blow on a car, I'm sure I would already have those things 

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