GT 350 R LONG TERM VALUE

[Carbide]

The GT350 and GT350R will definitely be a future collectible.
Nobody knows what the value will be, but they are on many lists of modern performance cars with future collectibility.
It doesn't really matter to me, but it's nice to see ones car mentioned.

https://www.motortrend.com/features-collections/future-classic-collector-cars-2020/

https://www.motorbiscuit.com/vehicles-that-will-become-classic-cars-in-20-years/

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[rush0024]

A 2020 R was on the block at mecum last weekend. Hammer was 90k and it didn't meet the reserve.

 

[wingnutt]

I know, not an R but...

https://www.ebay.com/itm/224396121766?ViewItem=&vxp=mtr&item=224396121766

...Chassis number TT003

 

[PP0001]

Just a reminder. This Saturday we may get some answers to many of our questions about GT350 R values. https://www.barrett-jackson.com/Events/Event/Details/2020-FORD-SHELBY-GT350R-COUPE-245401

And your price prediction is ______!

 

[RedRaptorME]

A 2020 R was on the block at mecum last weekend. Hammer was 90k and it didn't meet the reserve.

so what you are saying is that it did not sell for $ 90,000.00 ? Or that there where no offers at $ 90,000.00 ?

 

[rush0024]

so what you are saying is that it did not sell for $ 90,000.00 ? Or that there where no offers at $ 90,000.00 ?

I was watching live. It sold for 90k (99k total after auction fees). But it later says the bidding goes on at their website. https://www.mecum.com/lots/AZ0321-471019/2020-ford-shelby-gt350r/

I'm unsure if it had a reserve that wasn't met or the high bidder backed out. But this was a standard 2020 R in one of the least rarest colors. Mecum was projecting it to go between 100k to 125k.

 

[PP0001]

I was watching live. It sold for 90k (99k total after auction fees). But it later says the bidding goes on at their website. https://www.mecum.com/lots/AZ0321-471019/2020-ford-shelby-gt350r/

I'm unsure if it had a reserve that wasn't met or the high bidder backed out. But this was a standard 2020 R in one of the least rarest colors. Mecum was projecting it to go between 100k to 125k.

This car never sold and it was my understanding that the reserve was six figures therefore it went to Ben Mecum and the "Bid Goes On Desk".

The car on the auction block just before the 2020 GT350R was a 2020 GT500 CFTP with bidding getting up to $130,000 with the owner not removing his reserve on that car as well thus it also went to the Bid Goes On Desk.

 

[rush0024]

This car never sold and it was my understanding that the reserve was six figures therefore it went to Ben Mecum and the "Bid Goes On Desk".

The car on the auction block just before the 2020 GT350R was a 2020 GT500 CFTP with bidding getting up to $130,000 with the owner not removing his reserve on that car as well thus it also went to the Bid Goes On Desk.

So we have at 2020 R in the 2nd most common spec, with 6 miles and nothing else special about it;

Mecum projects it between 100-125k
Reserve was set a 6 figures
Someone bids it up to 90k (would have been 99k total)

It appears Mecum and the seller were a little too aggressive with the valuation but this is still great for the overall market for the R's. Going to be very interested to see what happens this weekend with vin001.

 

[Cobra Jet]

So we have at 2020 R in the 2nd most common spec, with 6 miles and nothing else special about it;

Mecum projects it between 100-125k
Reserve was set a 6 figures
Someone bids it up to 90k (would have been 99k total)

It appears Mecum and the seller were a little too aggressive with the valuation but this is still great for the overall market for the R's. Going to be very interested to see what happens this weekend with vin001.

But even regardless of what happens with VIN001, future values can’t be based on that aspect alone, because we all know that any collector car with a VIN001 will always top out at highest value (or bids).

That is one thing that most who are new to ”this world” don’t understand. Sure, you might have the same make/model/year in that same series of of “X” builds, but yours isn’t VIN001 and won’t command top dollar as far as future value or a bid as such. Same is true with the “last” VIN in any X-Series of make/model/year builds.

It’s akin to folks seeing a rare 65-66 Shelby GT350 that finally sees the light of day. Depending on its historical heritage, documentation, Serial #, etc. It gets bid up into high 6-figures or soars past the $1M mark, that its assumed all other 65-66 Shelby’s, in any condition, are going to now follow suit and fetch the same value. N-O-T.

The other thing is, many of these televised Auctions, or auctions that are known to draw prospective buyers with very deep pockets - the bids are induced by emotions and the aggressive, antagonistic “push” of the Auctioneers and face paced environment. Plus, in many cases, we never see that “VIN001” (regardless of manufacturer year/make/model) ever come to the surface again, because it’s forever eternally mothballed at some hidden locale at its “hammered price”.

While I’m all for certain pedigrees and true LE vehicles retaining not only above average market values but also appreciate a certain % annually for future collectible values - I just do not agree with the sentiments that “oh look, VIN001 (insert any vehicle type here) just hammered at (insert some high $$$ here), so all others similar to it and built that same year are now going to shoot up in value”.

Now this post isn’t in any way meant to offend or be taken at face value, I’m just saying that there’s more to “future values” than lumping all in the same category as year/make/model that is truly VIN001.

IMO, Nothing compares to a VIN001, or a last VINxxx in a LE series, unless we want to discuss true prototypes that rarely ever make it into public hands and usually will always outweigh a VIN001 value by a very far and wide margin.

 

[rush0024]

But even regardless of what happens with VIN001, future values can’t be based on that aspect alone, because we all know that any collector car with a VIN001 will always top out at highest value (or bids).

That is one thing that most who are new to ”this world” don’t understand. Sure, you might have the same make/model/year in that same series of of “X” builds, but yours isn’t VIN001 and won’t command top dollar as far as future value or a bid as such. Same is true with the “last” VIN in any X-Series of make/model/year builds.

It’s akin to folks seeing a rare 65-66 Shelby GT350 that finally sees the light of day. Depending on its historical heritage, documentation, Serial #, etc. It gets bid up into high 6-figures or soars past the $1M mark, that its assumed all other 65-66 Shelby’s, in any condition, are going to now follow suit and fetch the same value. N-O-T.

The other thing is, many of these televised Auctions, or auctions that are known to draw prospective buyers with very deep pockets - the bids are induced by emotions and the aggressive, antagonistic “push” of the Auctioneers and face paced environment. Plus, in many cases, we never see that “VIN001” (regardless of manufacturer year/make/model) ever come to the surface again, because it’s forever eternally mothballed at some hidden locale at its “hammered price”.

While I’m all for certain pedigrees and true LE vehicles retaining not only above average market values but also appreciate a certain % annually for future collectible values - I just do not agree with the sentiments that “oh look, VIN001 (insert any vehicle type here) just hammered at (insert some high $$$ here), so all others similar to it and built that same year are now going to shoot up in value”.

Now this post isn’t in any way meant to offend or be taken at face value, I’m just saying that there’s more to “future values” than lumping all in the same category as year/make/model that is truly VIN001.

IMO, Nothing compares to a VIN001, or a last VINxxx in a LE series, unless we want to discuss true prototypes that rarely ever make it into public hands and usually will always outweigh a VIN001 value by a very far and wide margin.

Everyone understands that vin001 will always go for more. But as these cars continue to pop up and reset the top of the market for the R's, the rest of the regular R's will trail behind and continue to trend upward. Why? Because people see that the car is special. The car is rare. The car is valuable. The car is out of production. The car is the last of it's kind. They want a piece of that and this creates a demand with a short supply. No most people will never get a chance to buy a 001 car, but what about a 2015 R? Can't get that... what about a base R or a very rare spec R. Can't get one of those... ok what about just a final year model R? Can't get one of those either... ok what about a first year model R. Heritage? You see what I mean when I talk about the overall market for the R.

The car has only been out of production for a few months and the market for the R's is already strong. Having a regular 2020 R go for a 90k hammer price (even though it didn't meet the reserve) is good for the market. Having Mecum value the car over 100k is good for the market. Having a vin001 car sell for 6 figures plus this weekend is good for the market.

What do you need for a car to appreciate? The car needs to be special. The R is. The car needs to be rare. The R is. It also helps if a car has special versions that are even more rare that can help boost the market. The R has that too. This car checks all the boxes.

 

[Alain]

Everyone understands that vin001 will always go for more. But as these cars continue to pop up and reset the top of the market for the R's, the rest of the regular R's will trail behind and continue to trend upward. Why? Because people see that the car is special. The car is rare. The car is valuable. The car is out of production. The car is the last of it's kind. They want a piece of that and this creates a demand with a short supply. No most people will never get a chance to buy a 001 car, but what about a 2015 R? Can't get that... what about a base R or a very rare spec R. Can't get one of those... ok what about just a final year model R? Can't get one of those either... ok what about a first year model R. Heritage? You see what I mean when I talk about the overall market for the R.

The car has only been out of production for a few months and the market for the R's is already strong. Having a regular 2020 R go for a 90k hammer price (even though it didn't meet the reserve) is good for the market. Having Mecum value the car over 100k is good for the market. Having a vin001 car sell for 6 figures plus this weekend is good for the market.

What do you need for a car to appreciate? The car needs to be special. The R is. The car needs to be rare. The R is. It also helps if a car has special versions that are even more rare that can help boost the market. The R has that too. This car checks all the boxes.

This is very well said.

 

[stanglife]

The GT350 and GT350R will definitely be a future collectible.
Nobody knows what the value will be, but they are on many lists of modern performance cars with future collectibility.
It doesn't really matter to me, but it's nice to see ones car mentioned.

https://www.motortrend.com/features-collections/future-classic-collector-cars-2020/

https://www.motorbiscuit.com/vehicles-that-will-become-classic-cars-in-20-years/

I cant say that I agree for most of the MT cars.... except the 350 but I'm biased.

 

[jpsomner]

$13Ok was the auction price.

 

[Johnnydarkgt350]

He will end up with 119600 minus the $1500 auction fee.$118100. Minus the transportation and stay cost which let’s put in $1500 on that at least. So If he would’ve taken an offer privately of 117 he would have been ahead except for the fantastic experience .Congratulations on a fantastic car and a fantastic value as this is what it was worth.

 

[Postal Bob]

Interesting that the 2020 GT500 just before it, new in wrapper, 10 miles, only went for $115K. Seems a manual transmission is still more desirable.

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