A Ford GT Sold for $1.8M at Auction – Likely to Ford’s Dismay

Earlier this month, a Ford GT mysteriously appeared on the lot list for Mecum’s Indianapolis 2018 auction, which was held this past weekend.

The GT ended up selling for a staggering $1,815,000 – this despite the fact that Ford made purchasers of the supercar sign an agreement that they would hold onto the car for at least two years before selling it. Ford said it was going to look into the sale, but Mecum was sure to consult a legal expert before selling it off to ensure the Dearborn-based automaker had no foot to stand on.

“The Judge did rule in Mecum’s favor, that we could sell this car,” a Mecum spokesperson said in a video filmed just prior to the auction. “And if Ford wanted it back, they were welcome to come here and bid on it. So this is a publicly legal sale of a GT. We had some people worried there was gonna be some repercussions, there’s no repercussions with this car. It was contested in court, you bid on it, you buy it, it’s yours. It’s America, you can buy and sell what you want.”

With just seven miles on the odometer, the GT in question was essentially brand new. It’s #48 of 250 cars produced for the 2017 model year and is painted in an Ingot Silver exterior shade with black striping, carbon accents, silver forged aluminum wheels and a Dark Energy interior. It likely made its owner quite a bit of money, with the $1.8 million hammer price roughly four times that of the $450,000 sticker price.

Ford sued pro wrestler John Cena over the sale of his own personal Ford GT late last year and also attempted to block the dealership that bought it from reselling the car to a new owner. That attempt failed, as the car was already gone by the time Ford got in touch with the dealership. Cena has since filed a motion to have the case thrown out, but as of this writing, things are still going through the courts.

It seems Ford’s dream of having GT owners use their cars as they were intended and not sitting on them to flip them for a profit is over. If the Mecum sale is recognized as valid, it may open the floodgates for all GT owners to begin selling off their cars to new owners willing to plop down seven figures.

[Source: Jalopnik]

this article first appeared on AutoGuide

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