What Will The Bullitt Mustang Sell For? - Page 6

TomP · #51 01-10-2020, 07:35 PM

Never underestimate the buying power of drunken millionaires. They pay ten times the going rate at Scottsdale for Batmobiles and Futureliners and stuff.

I was out at the $3500 opening bid but it looked like just two rich guys were interested and it really didn't gain in big increments after getting to two and half mill in a couple seconds.

Pretty decent return on the guys investment though and I wonder what the future holds for the car?

**SS427** · #52 01-10-2020, 07:39 PM

Quote:

Originally Posted by Fast67VelleN2O

I wonder if the owner had any private offers above this and he turned them down in anticipation of getting more at Mecum?

I would imagine the owner has been paid quite handsomely from just Ford JUST for the advertising and promotional usage of the car and likely well into the 6 figure range if not more. There are other entities as well that likely paid handsomely to be a part of it. More power to the owner and hope he had good contracts. His retirement is set.

Lee Stewart · #53 01-10-2020, 07:40 PM

Quote:

Originally Posted by Tracker1

Is there a 10% buyers premium at Mecum Kissimmee? If So that means "Frank" will pay $3.75 million for the Bullitt Mustang. Close enough to what a dozen of us guessed at $4 million.

EZ Nova · #54 01-10-2020, 07:58 PM

I figured it would go around 1.5-1.7 range. Did better than I thought.

I looked at the NYSE being way up, so people are investing that $$$ for a return that these cars are not doing anymore. So as I saw the L88 rag be a no sale at $375,000 I figured the money's not really there for the high high end stuff. Some of the major players have been selling off and not coming back. Youngin's just don't value these cars the same way......

**big gear head** · #55 01-10-2020, 08:00 PM

Anybody know who got it? Is it staying in the US?

Lee Stewart · #56 01-10-2020, 08:07 PM

Quote:

Originally Posted by big gear head

Anybody know who got it? Is it staying in the US?

WILDCAT_65 · #57 01-10-2020, 08:14 PM

Cheap! I do not understand..... they pay for some Ferrari Junk, Mercedes, Porsche... but this is a one of one Steve Mc Queen. Better than any Rembrandt.

**SS427** · #58 01-10-2020, 08:22 PM

Quote:

Originally Posted by big gear head

Anybody know who got it? Is it staying in the US?

Frank Mecum bought it. The announcer states that at the end and points right at him.

**1969L89** · #59 01-10-2020, 08:29 PM

I'm surprised it didn't sell for more and sell on Saturday during "Prime Time" like when the bus and the LS6 conv brought crazy money years ago. If Frank bought it maybe Friday was intentional to keep the price down for him.

**Mr70** · #60 01-10-2020, 08:40 PM

Frank is the name of the Bidders Asst.,(Not the Name of the Buyer),who helped get that Bid.
The auctioneer mentions the name of each Bidders Asst. and the end of a sale so the paperwork people know where to go to get the signature.In this case,Danas son,Frank Mecum. https://journal.classiccars.com/2019...auction-block/

View Poll Results: What Will The Bullitt Mustang Sell For?
Less Than $2.5 Million	33	37.50%
$3 Million	14	15.91%
$4 Million	12	13.64%
$5 Million	10	11.36%
$6 Million	3	3.41%
$7 Million	3	3.41%
$8 Million	4	4.55%
$9 Million	1	1.14%
$10 Million	4	4.55%
Higher Than $11 Million	4	4.55%
Voters: 88. You may not vote on this poll

The Following User Says Thank You to Lee Stewart For This Useful Post:
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