Saturday, April 11, 2009

A pair of 2004 Ford Mustang Concept cars sells for $175,000 each at the 2009 Barrett-Jackson Palm Beach.


2004 Ford Mustang GT Concept Coupe that auctioned off for $175,000 at the 2009 Barrett-Jackson Palm Beach Car Auction. (Photo Credit: NetCarShow.com)

As a Motorsports and Car Enthusiast, one series of events that I always look forward to watching on television is the Barrett-Jackson and if last January’s Barrett-Jackson from Scottsdale was any indication, the auction prices would lower than years past, but still a good reasonable buy for collectors. In looking at the previews online for this Palm Beach auction, a few cars caught my eye in and among the Corvettes, Camaros, Cudas, you know muscle cars and of course on customs cars as well and maybe even a Dodge Power Wagon were three Ford Mustangs.

The first two Mustangs are two of the same, one is a convertible and the other is a coupe, yes I am talking about first, the Red 2004 Ford Mustang GT Concept Convertible that with a few incentives included with the bill of sale car sold for $175,000 for charity.

However the second car had just a little bit more drama to it, a Silver 2004 Ford Mustang GT Concept Coupe. This concept car started off with some good bidding, you would hope that with the first Mustang Concept car being auctioned off for $175,000 that this one would hopefully sell for the same, however with the car not even coming close to that number, the bidding war would go from the bidders to the Barrett-Jackson leaders, Craig Jackson vs. Steve Davis. Since when does Barrett-Jackson get involved in auctions anyway, but I guess since all of the money goes to charity anyway, why not. The hammer price ended up being $175,000 with all proceeds going to benefit the Juvenile Diabetes Research Foundation (JDRF).

These two Mustang Concept cars ask an interesting question, to everybody, what would you do with either one of these 2004 Ford Mustang GT Concept Cars knowing that you couldn’t register them and drive then on the streets? Personally I don’t know what I would do with the vehicle, I mean cars are meant to be driven not just showed off, but I guess I would not only put it on display in my garage, but trailer it in and display it at car shows, but like I said, car meant to be driven period.

Since cars are meant to be driven, if I were going to buy one collector car (either at Barrett-Jackson or a dealership) it would have to be the 2010 Shelby GT500. This is the same GT500 car that was to be auctioned off at the 2009 Barrett-Jackson in Scottsdale, but since Carroll Shelby wasn’t under the weather, the auction was held off until earlier today which is a good draw for this show. It’s great to see Carroll Shelby up on stage, this Mustang is a Shelby GT500 first retail car and all of the money goes to charity. In years past, a similar car would go for normally $500,000-$600,000, however this 2010 Shelby GT500 with several upgrades and more was auctioned off for $150,000 (for this day in age that was a good buy).