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Lot 5000: 2007 Shelby GT-H Convertible #001 - SOLD $250,000

Barrett-Jackson Palm Beach 2007: Mustang & Ford Muscle Car Sales

Story by Sam Haymart



03/31/07: This year’s Barrett-Jackson Palm Beach collector car event was a bit of a slower and more realistic foray than the wild eyed money mosh pit that Scottsdale was in January. Not only were the prices that cars were fetching far more on the level that one would say is realistic if not a bargian, but the high dollar cars were not there this year in much force.

As far as Mustang and Fords go, the big news again was the sale of another Shelby #001 car. This year Ford and Shelby teamed up to debut the new car as well as sell the first example to the public. The car was the expected 2007 Shelby GT-H Mustang Convertible. A drop top version of the “rent-a-racer” introduced in 2006, the car continued the saga. The sale generated $250,000 for the Carroll Shelby Children’s Fund. The remaining 499 Shelby GT-H Convertible will be going into the summer fun rental fleets of Hertz.

Who was the buyer? It was none other than Arizona collector Ron Pratte who also paid $600,000 for the first 2007 Shelby GT-500 as well as another $600,000 for the first 2007 Shelby GT. It can be said that the gentleman will have quite the set.

This auction has served up a number of 2005+ SEMA show cars as was the case last year. It seems that the going rate for these mega Mustangs that made the show circuit is about $55,000 on average - a deal considering what most of them cost to build. Other dissapointments were some of the prolific "re-creation" cars that start with a perfectly original Mustang and become a fake knock-off copy of some other such thing. These cars are falling victim to zealous and "creative" profitiers, never to have their historic significance again.

While the 1967 Eleanor fad continues on strong, other re-creation themes like restomodded Shelby Mustang copies seem to be falling on a flat market. Genuine restored muscle classics with pedigrees like the original Shelbys, Mach 1 and Boss cars seem to be holding their pricing. There is no substitute for the real thing it seems.

With that, we will simply deliver the results. Sale prices listed include all brokerage commissions of approximately 18%.


Sales for Thursday 3/29/07
Lot 1: 1976 Ford Pinto Lot 24.1: 1965 Mustang  Coupe
76 Ford Pinto with 7093 actual miles. Wow, can you believe this car is at a Barrett-Jacskon Auction. No word as to whether this car had the gas tank recall work done or not. 289 V8, 4-Speed, Hipo engine, Wimbledon White paint with palamino interior. All GT options added, meaning not original.
Rating: 7.5 Rating: 7.5
Sale Price: $12,650 Sale Price: $ 21,450
Lot 33.1: 1965 Mustang Fastback Lot 37: 1969 Mustang Mach 1
2+2 289, A Code. This a rare factory raven black with black Pony interior. Equipped with 4 barrel carb, automatic transmission, factory cold air, dual exhaust with only 67,000 original miles. Survivor car, original 21,224 miles. All options, 351W / FMX,The engine has never been repainted and still has all original markings and decals from Ford.
Rating: 8 Rating: 8.5
Sale Price: $ 30,800 Sale Price: $ 46,200
Lot 38: 1966 Mustang MOD Fastback Lot 54: 2007 Custom Mustang GT
All the usual resto-mode dreamlist stuff, modern crate motor, 5-speed, blah blah blah Fully customized with such upgrades as super charger, panoramic glass roof, custom interior with ostrich inserts, Eibach suspension, Billet Lower Control Arms, Magnaflow exhaust, It is # 1 of 15 to be produced by T.P. Customs.
Rating: 9 Rating: 9
Sale Price: $ 57,200 Sale Price: $60,500
Lot 69: 2003 Mustang Cobra Conv  
Customized convertible, lots of mods and custom paint. Sold for less than the owner had in it by a long shot.  
Rating: 9
Sale Price: $ 36,300  
Sales for Friday 03/30/07
Lot 300: 1990 Mustang GT Hatch Lot 50.1: 1965 Mustang Custom Conv.
Purchased February 2, 1990 and stored in a barn until Feb 2006. Car was purchased for original owners newborn granddaughter who did not want the car 16 years later. Car wasn't titled until February 2007 and has never been registered to drive on the road.1350 original miles. 289, auto. Complete restoration with a $30,000 cost. Obviously not a car that was for investment.
Rating: 8 Rating: 9
Sale Price: $ 22,000 Sale Price: $ 27,500
Lot 331: 1973 Mustang Conv. Lot 364: 1965 Mustang K Fastback
Like new condition, 351 Cleveland barr. carb., RAM air, auto trans, cold A/C, AM/FM radio, black convertible top, car purchased at Barrett-Jackson 2004, many documents included with copy of old titles showing mileage. Factory K code GT. 289/271 hp solid lifter V8, 4 speed top leaderThe interior is the deluxe Pony interior restored in 2004. Several tasteful modifications were made totaling $15,000 in upgrades. 3089 miles since restoration.
Rating: 9 Rating: 8.5
Sale Price: $ 33,000 Sale Price: $ 51,700
Lot 373.1: 1969 Mustang Drag Car Lot 403: 1965 Mustang MOD Fastback
" Camaro Killer" has been restored to race condition with original sheet metal, new paint, vinyl lettering. 550 horsepower 428 Cobra Jet engine. 2 time NHRA record holder. Roush 427-575 horsepower, with JBA exhaust, 5-speed Tremec, air condition, total control double adjustable coil over A-Arm suspension and double adjustable coil over rear push rod suspension with .........blah blah blah
Rating: 9.5 Rating: 9
Sale Price: $ 39,600 Sale Price: $ 77,000
Lot 404.3: 1970 Mach 1 Lot 427: 2007 GT-500 Convertible
429 SCJ / 4Spd, all the good stuff that you want on a perfect car like this. Completely stock, used GT-500 with no special features. Why so much? Who knows.
Rating: 9 Rating: 8.5
Sale Price: $ 79,200 Sale Price: $ 93,500
Lot 428 : 2007 GT-500 Coupe Lot 429: 1971 Mustang Mach 1
Completely stock, used GT-500 with no special features. Why so much? Who knows. 1971 Mach 1 429 Super Cobra Jet Ram Air with drag pak 1 of 34 Grabber Green 429 cars built, original survivor car with 50,000 actual miles.
Rating: 8.5 Rating: 8
Sale Price: $ 62,700 Sale Price: $ 42,900
Lot 434.1: 1978 Mustang MOD FB Lot 44.1: 1973 Mustang Convertible
Trophy Winner! 302 bored 40 over, Roush Windsor Jr. Heads, Class II Cam, Roller Rockers, High Rev lifters, High Performance Valves on/springs, Flat Top Pistons, Double Roller Timing Set, and alot more. 4 wheel disc .....blah blah blah 6 cyl, auto. This car is completely original. Showroom condition. GT wheels. Very rare color combination.
Rating: 7 Rating: 7
Sale Price: $ 46,200 Sale Price: $ 26,400
Lot 448: 1965 Mustang Convertible  
A numbers matching, two owner, restored 65 Mustang Convertible, with totally rebuilt A code 289 V8 engine (225 horsepower) 4-speed manual transmission,all parts NOS.  
Rating: 8.5  
Sale Price: $ 42,500  
Sales for Saturday 03/31/07
Lot 630.1: 2005 Custom GT Coupe Lot 635: 2005 Custom GT Coupe
This car is the creation of the imagination of Chip Foose and the result is one incredible vehicle! The build aired on the July 2005 episode of "Overhaulin."This is a "one-of-a-kind" custom Mustang and serves as the prototype to the Ford Stallion, now in production (2007). Show car for Livernois Motorsports. Featured here on TMN in our cover story "Not Just Another 840hp Mustang" A fast car with too much to list.
Rating: 9.5 Rating: 9
Sale Price: $ 51,700 Sale Price: $ 55,000
Lot 648: 1968 Custom Convertible Lot 649: 2007 Mustang Custom
This car has all the typical resto re-creation crap, but recreated as a 1967, while the car is a 1968. Can you say poser? Sanderson's Custom Tribute Mustang. SCT M3006-07 #6 of only 50 hand crafted conversions by Sanderson. Tungsten Gray/Silver Faded Stripes. This Sanderson Custom Tribute Mustang is a limited hand crafted conversion by Sanderson's Customs
Rating: 7 Rating: 8
Sale Price: $ 67,100 Sale Price: $ 61,600
Lot 662.1: 2005 Mustang Custom Lot 665.1: 1969 Mach 1
Built by 3d Carbon for Ford's display during the 2004 SEMA show, Winner of Best of Show- SEMA 2004- Ford Racing/ Whipple polished supercharger, intercooled -500 hp. This car has been on the cover of numerous magazines and is the inspiration for several die-cast models and radio controlled cars. 428 SCJ, auto, total restoration and MCA show history. A great example.
Rating: 10 Rating: 9
Sale Price: $ 52,800 Sale Price: $ 110,000
Lot 667: 2065 Mustang Custom Lot 678: 1967 Mustang Custom
Had its debut at the "World of Wheels Show" winning Outstanding in Class and the Super Rod Magazine award. Engine features a Fasttimes Motorworks engine with twin turbos making 900 hp on pump gas with 13 lbs of boost. Is the world not over this Eleanor thing yet? Obviously not. Here is yet another example of an original Mustang tossed in the trash to emulate some fictitious movie theme.
Rating: 7 Rating: 7
Sale Price: $ 55,000 Sale Price: $ 112,750
Lot 684: 1969 Shelby GT-350 FB Lot 704: 1969 Shelby GT-500 FB
351 / Auto, This 2-owner Shelby GT-350 was built in May 1969 and sold new in East Point, GA. It has 75,000 actual miles. All the pedigree stuff. 428 / 4-Speed, no expense spared on the restoration of this beautiful 69 Shelby GT500. This 24,000 original mileage Shelby has a extensive auto album plus receipts to document the complete restoration.
Rating: 9 Rating: 9
Sale Price: $ 88,000 Sale Price: $ 137,500
Lot 706.1: 1969 Shelby GT-350 FB Lot 719.1: 2005 FR-500 Race Car
351 / 4-Speed, All original, numbers matching vehicle. 69th Vehicle made (Vin #: 0069). Two owner car, fully documented with Temporary and Permanent Warranty ID Card, original docs and pedigrees. The Ford FR500C is a hand built race car and is one of only 28 of its kind. It is the first turn-key race car that Ford has had on the market since the 1960's. This car is non-production, non-VIN and non-street able.
Rating: 9 Rating: 9
Sale Price: $ 102,300 Sale Price: $ 59,400
Lot 727: 1967 Shelby GT-500 FB Lot 729: 2004 Mustang Conv
428, Auto, Built January 1967 (#969 OR 2500). Complete ground up restoration done in 1997. 600 miles since restoration (29,000 original miles). This California car was stored for 20 years prior to restoration. Carroll himself bid on this car, but did not take it home. Ford's 300 millionth vehicle is a 2004 Ford Mustang GT convertible with special edition Crimson Red paint and a Tan top, and leather seating. Then chairman and CEO Bill Ford drove this vehicle off the line in 2004 commemorating the historical event. All proceeds over $30,000 will go to Multiple Sclerosis.
Rating: 9.0 Rating: 9.7
Sale Price: $ 165,000 Sale Price: $ 51,700
  Lot 750: 1969 Mach 1
  V8 with a 4 speed transmission, shaker hood, restored to original specifications, clean, straight, excellent condition.
Rating: 8
  Sale Price: $ 38,500
Sales for Sunday 04/01/07
Lot 922: 1973 Mustang Convertible Lot 931: 1966 Mustang Custom
Matching numbers. restored, 351, auto. All options, Ram air hood, front and rear spoiler. Rally striper, sport mirrors, and deluxe white interior. Another "recreation". of an original Shelby "R" car. This car has a a mixed bag of modern and old, but certainly not original bits. Thumbs down on this one. Evidently buyers agree.
Rating: 8 Rating: 6
Sale Price: $ 23,650 Sale Price: $ 25,300
Lot 933: 1973 Mustang Mach 1 Lot 936: 2004 Roush 440 A
Rotisserie Restored
Number Matching Motor and Transmission
Factory Air updated to 134A
55,000 Original Miles
Power Brakes / Steering
The last of the red hot roushes, with only 3,493 original miles. This is #30 of only 40 cars produced. Commemorative 40th Anniversary for the final production of the "SN-95" body style. 400 horsepower-4.6 with roush/roots supercharger. Dashboard is autographed.
Rating: 8 Rating: 9
Sale Price: $ 46,200 Sale Price: $ 49,500
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