auction guesses?

L

lugnut427

New Member

Jun 19, 2005

4

0

1

Jan 21, 2006

#1

• Jan 21, 2006

• #1

so what does everyone think the new shelby is gonna go for at barrett-jackson??

my guess....$110,000-ish

 

S

shooterm1

New Member

Jul 18, 2005

540

1

0

Milford, Pennsylvania USA

Jan 21, 2006

#2

• Jan 21, 2006

• #2

lugnut427 said:

so what does everyone think the new shelby is gonna go for at barrett-jackson?? my guess....$110,000-ish

Click to expand...

I was guessing about the same thing,,, until today ......

Now I'm doubling that estimate into the $200K+ range

(and even that may be too low!)

 

P

pspc271

Founding Member

Dec 25, 2001

339

0

0

Dover, DE

Jan 21, 2006

#3

• Jan 21, 2006

• #3

It's hard to say. The 05 Mustang FR500 sold for around $160 so I could easily see it going higher than that. On the other hand there will be a lot more Shelby's than FR500's. We will just have to wait and see. To bad I have to go to work. Anyone know what time its supposed to be sold?

 

S

shooterm1

New Member

Jul 18, 2005

540

1

0

Milford, Pennsylvania USA

Jan 21, 2006

#4

• Jan 21, 2006

• #4

$600,000 !

 

B

Black94Cobra

New Member

Jul 22, 2003

81

0

0

KC MO

Jan 21, 2006

#5

• Jan 21, 2006

• #5

HOLY CRAP!!!!

WOW! Now I guess that settles it! Nobody's getting one! The dealers are going to clean up on this car. Too bad for me!

 

ponygirl74

Member

Mar 31, 2005

69

0

6

Chattanooga, TN

Jan 21, 2006

#6

• Jan 21, 2006

• #6

$648,000 is frickin ridiculous!!!!!!!!!!

I can't believe someone actually paid that -- it's only going to jack up the price for regular people

 

T

The Fang

Member

Sep 11, 2005

602

0

16

Tallahassee Fl

Jan 22, 2006

#7

• Jan 22, 2006

• #7

Unfricken beleevable

 

SinCityVogel

New Member

Aug 4, 2005

118

0

0

Las Vegas

Jan 22, 2006

#8

• Jan 22, 2006

• #8

For less than 600k you could build a mustang ground up with all the goodies. and it would go just as fast.
I know it would be the real thing.

amazing

 

GT-03

Member

Dec 12, 2003

630

1

16

Jan 23, 2006

#9

• Jan 23, 2006

• #9

For $600,000, does Carrol Shelby stop by and wash it for you?

Anyway, all the money goes to a charity.

 

srothfuss

Last night I stabbed the same guy 7 times in a row

Oct 17, 2004

1,796

3

0

Woodward Ave.

Jan 25, 2006

#10

• Jan 25, 2006

• #10

Good call on the Charity, but still that is way too much for any Mustang!

 

L

LordHalbert

New Member

Apr 2, 2004

56

0

0

Jan 25, 2006

#11

• Jan 25, 2006

• #11

OMFG, $600K

You can buy an exotic for that price.

 

srothfuss

Last night I stabbed the same guy 7 times in a row

Oct 17, 2004

1,796

3

0

Woodward Ave.

Jan 26, 2006

#12

• Jan 26, 2006

• #12

LordHalbert said:

You can buy an exotic for that price.

Click to expand...

That is like 4 nice Porsches or two Lambos... YIKES!

 

SVTdriver

Founding Member

Sep 2, 2001

3,319

0

0

Seattle Wa

Feb 10, 2006

#13

• Feb 10, 2006

• #13

Yes but since it went to charity. It was a tax deduction.

 

351CJ

New Member

Dec 11, 2002

1,732

1

0

Feb 11, 2006

#14

• Feb 11, 2006

• #14

SVTdriver said:

Yes but since it went to charity. It was a tax deduction.

Click to expand...

Did Ford donate the GT-500 to a charity, who then auctioned it off to make money?

When purchasing something from a charity, the tax deduction is limited to the amount paid less the value of the item.

So what is a GT-500 worth?
Sticker?
or?

If it was purchased and then donated to a charity, you can only deduct the value of the item, not what you paid. The IRS has just cracked down on the "Donate your car to charity" scam. People were donating their junk cars to charities and then trying to deduct what they originally paid for them. The IRS has said NO, you can only deduct the value of the vehicle at the time you donate it to the charity.

 

SVTdriver

Founding Member

Sep 2, 2001

3,319

0

0

Seattle Wa

Feb 11, 2006

#15

• Feb 11, 2006

• #15

351CJ said:

Did Ford donate the GT-500 to a charity, who then auctioned it off to make money?

When purchasing something from a charity, the tax deduction is limited to the amount paid less the value of the item.

So what is a GT-500 worth?
Sticker?
or?

If it was purchased and then donated to a charity, you can only deduct the value of the item, not what you paid. The IRS has just cracked down on the "Donate your car to charity" scam. People were donating their junk cars to charities and then trying to deduct what they originally paid for them. The IRS has said NO, you can only deduct the value of the vehicle at the time you donate it to the charity.

Click to expand...

I believe that the proceeds went to charity. If so that would mean the car was sold for the charity. Not someone donating the car after buying it.

 

R

RedGTvert

Founding Member

Nov 21, 1999

3,129

1

58

Wellington, FL

Feb 11, 2006

#16

• Feb 11, 2006

• #16

Actually the lucky winner still gets to pay list for the car on top of the donation, but the $600K gets them serial number 001.