• Mustang Forums
  • 1965 - 1973 Classic Mustangs -General/Talk-
  • Classic Mustang Specific Tech

B-J Sells First GT 500E Convertible for $550,800!!!!!

  • Thread starter Thread starter reenmachine
  • Start date Start date Apr 12, 2005
  • 1
  • 2
Next
1 of 2 Next Last

reenmachine

20+ Year Stangneter
Jun 27, 2004
1,258
2
38
Montrose, CA
Apr 12, 2005
#1
  • Apr 12, 2005
  • #1
Holy crap!!!!!!

http://www.barrett-jackson.com/about/pressreleases/pb05Shelby.asp

Great....now we're gonna see a wave of Eleanor convertible clones...
 
T

THX 138

Member
Oct 7, 2004
375
0
16
Los Angeles
Apr 12, 2005
#2
  • Apr 12, 2005
  • #2
$550,800 continuation???!!!!!
 

reenmachine

20+ Year Stangneter
Jun 27, 2004
1,258
2
38
Montrose, CA
Apr 12, 2005
#3
  • Apr 12, 2005
  • #3
THX 138 said:
$550,800 continuation???!!!!!
Click to expand...
Yep. The one that's on the cover of the current Mustang Monthly.
 

Hack

15 Year Member
Mar 23, 2004
1,945
13
69
Minneapolis
Apr 12, 2005
#4
  • Apr 12, 2005
  • #4
Nice car, but that's more money than common sense, IMO. I guess if you had a huge garage and only liked looking at cars, trailer it to your garage, get it up on blocks and cover it up right away.

It's an investment, right?
 
D

D.Hearne

New Member
Sep 29, 2000
11,730
6
0
south louisiana
Apr 12, 2005
#5
  • Apr 12, 2005
  • #5
For that price the buyer could have had "his & hers" Ford GT's. Stopped by the local dealer today to look at the 05 Stangs, and there sat a GT in the showroom. Selling price is $250,000.
 

reenmachine

20+ Year Stangneter
Jun 27, 2004
1,258
2
38
Montrose, CA
Apr 12, 2005
#6
  • Apr 12, 2005
  • #6
D.Hearne said:
For that price the buyer could have had "his & hers" Ford GT's. Stopped by the local dealer today to look at the 05 Stangs, and there sat a GT in the showroom. Selling price is $250,000.
Click to expand...
Yeah, and just sold at the same B-J in Palm Beach for $248k. I guess that's what they're bringin'....

I've never seen insanity like this before. Hope I can grab my little piece of it!
 

68rustang

Active Member
Jan 17, 2003
1,537
0
36
Cleveland, OH
Apr 12, 2005
#7
  • Apr 12, 2005
  • #7
That is absolutely insane. The only reason I can think that cars would fetch money like that is if it is a front for laundering money.

$520,800 profit on maybe $30,000 worth of parts and labor.

"But it's a real Shelby" my a$$.
 

reenmachine

20+ Year Stangneter
Jun 27, 2004
1,258
2
38
Montrose, CA
Apr 12, 2005
#8
  • Apr 12, 2005
  • #8
68rustang said:
$520,800 profit on maybe $30,000 worth of parts and labor.
Click to expand...
Gotta disagree with you there. $10k for a donor car, 400 hours labor @ $50 (reasonable) is $20k, an all-aluminum engine with EFI isn't exactly cheap, etc.

I'd put cost at $60-70k. Price a car out in minute detail sometime & you'll be shocked.
 

68rustang

Active Member
Jan 17, 2003
1,537
0
36
Cleveland, OH
Apr 12, 2005
#9
  • Apr 12, 2005
  • #9
reenmachine said:
Gotta disagree with you there. $10k for a donor car, 400 hours labor @ $50 (reasonable) is $20k, an all-aluminum engine with EFI isn't exactly cheap, etc.

I'd put cost at $60-70k. Price a car out in minute detail sometime & you'll be shocked.
Click to expand...

10K for a donor and they got robbed. I guess trying to control costs doesn't matter if you are making 1/2 mil in profits.

An all aluminum engine is much less expensive if it doesn't have Shelby written somewhere on it, EFI or not.

OK, so let's see, that puts us at $490,800 profit on maybe at a stretch $60,000 worth of parts and labor. I see no difference it is still absolutely assinine.

I am legally changing my last name to Shelby next week. The week after that I am going to start selling used cars with my signature on the dashboard. Wish me luck.

 
G

Gud T.B. Blown

Member
Dec 9, 2004
583
1
18
Apr 12, 2005
#10
  • Apr 12, 2005
  • #10
reenmachine said:
Gotta disagree with you there. $10k for a donor car, 400 hours labor @ $50 (reasonable) is $20k, an all-aluminum engine with EFI isn't exactly cheap, etc.

I'd put cost at $60-70k. Price a car out in minute detail sometime & you'll be shocked.
Click to expand...

even using your figures and doubling them for just for laughs the buyer still bought a reproduction for stupid money. it may be the "only documented shelby gt500e convertible in the world" for now, but i'm sure if someone else wanted one they would build it in a minute. and after all is said and done the car IS NOT AN ORIGINAL SHELBY MUSTANG, IT IS A WELL BUILT CLONE . i like 'ol carroll shelby as much as the next guy, i even named my daughter after his cars, but he'll whore his name out in a minute to make a buck, as the whole gt500e program proves, including getting the SAAC listing them in their registry.
this car reminds me of the $3.2 million todd macfarlane paid for mcguires 70th home run ball. once barry bonds hit 73 it's value sank like the titanic.
my hat is definitely off the unique, shelby, and especially barrett-jackson for parting a real fool and his money. job well done. i wish i would have met him first, i could've shown him this bridge i have for sale in brooklyn.
 
6

65Mustang2+2

New Member
Jun 5, 2004
118
0
0
Connecticut
Apr 12, 2005
#11
  • Apr 12, 2005
  • #11
ONE WORD "WHY"
 

reenmachine

20+ Year Stangneter
Jun 27, 2004
1,258
2
38
Montrose, CA
Apr 12, 2005
#12
  • Apr 12, 2005
  • #12
68rustang said:
OK, so let's see, that puts us at $490,800 profit on maybe at a stretch $60,000 worth of parts and labor. I see no difference it is still absolutely assinine.
Click to expand...
Don't get me wrong -- I'm not disagreeing that it's totally sick. I'm just saying that it's not quite so cheap to build it. For sure, about $480k of that is for the "Shelby" name.

BTW, when they had this car on display at B-J in Scottsdale, I believe they were telling people $186,500. I bet retail on the series to surely follow will be near there.
 

65fastback2+2

New Member
Aug 4, 2003
1,229
0
0
Louisville, KY
Apr 12, 2005
#13
  • Apr 12, 2005
  • #13
the only reason i can see why is its one of a kind and it was built for Carrol himself, so *shrugs* when it goes for 1.5 million in 20 years you can all laugh and be like "darn i shoulda bought that!"
 

TampaStang

New Member
Feb 29, 2004
67
0
0
Tampa, FL
Apr 12, 2005
#14
  • Apr 12, 2005
  • #14
Do you at least get a B-J with the car?
 
I

iamlance

New Member
Sep 18, 2004
127
0
0
Apr 12, 2005
#15
  • Apr 12, 2005
  • #15
I'm pretty sure a large portion of the proceeds on this car was going to a charity, so the buyer was prolly being generous (maybe some tax advantages also)
 

6Stang7

New Member
Jun 1, 2003
1,470
0
0
Livermore, CA
Apr 12, 2005
#16
  • Apr 12, 2005
  • #16
i might be able to understand this if it was the 65/66 vert shelby's.
 

reenmachine

20+ Year Stangneter
Jun 27, 2004
1,258
2
38
Montrose, CA
Apr 12, 2005
#17
  • Apr 12, 2005
  • #17
6Stang7 said:
i might be able to understand this if it was the 65/66 vert shelby's.
Click to expand...
But it's an Eleanor! Everybody wants an Eleanor! Just look at eBay!
 

6Stang7

New Member
Jun 1, 2003
1,470
0
0
Livermore, CA
Apr 13, 2005
#18
  • Apr 13, 2005
  • #18
reenmachine said:
But it's an Eleanor! Everybody wants an Eleanor! Just look at eBay!
Click to expand...
seriously i wanted to buy a fastback but couldnt afford one because the price for one was too high, due to this craze to turn them into eleanor.
 
L

limey66

Member
Sep 23, 2004
408
0
16
Northampton, England
Apr 13, 2005
#19
  • Apr 13, 2005
  • #19
65fastback2+2 said:
...when it goes for 1.5 million in 20 years you can all laugh and be like "darn i shoulda bought that!"
Click to expand...

We had a boom in classic car prices in the eighties where Jags were fetching ridiculous money, and with every boom, there will be a slump. E type Jags are still at the top end of classic car money, but if you wanted one, you could have one. No way will that car ever be worth $1.5 million.

The current, and to me, completely baffling Eleanor craze will pass. One day, once the styling starts to date and people forget Gone In 60, they'll be broken for their parts.

That day is probably not too far off.
 

65ShelbyClone

Founding Member
Sep 9, 2000
4,675
38
119
Antelope Valley, SoCal
Apr 13, 2005
#20
  • Apr 13, 2005
  • #20
You all know this should be in Talk, right? Of course you do, its so obvious.

limey66 said:
The current, and to me, completely baffling Eleanor craze will pass. One day, once the styling starts to date and people forget Gone In 60, they'll be broken for their parts.
Click to expand...

Hopefully they'll forget the recent(poor) remake of Gone in 60 Seconds and not the original. If I wanted Eleanor, I'd get a yellow '72 Sportsroof. How about the Howard Hughes germ-proof car that went for what, $1.5m?
 
  • 1
  • 2
Next
1 of 2 Next Last
You must log in or register to reply here.

Similar threads

S
Fox '87 GT can't get to stay running
  • spilly
  • Mar 29, 2026
  • 1979 - 1995 (Fox, SN95.0, & 2.3L) -General/Talk-
  • 2
Replies
27
Views
837
1979 - 1995 (Fox, SN95.0, & 2.3L) -General/Talk- Jun 20, 2026
spilly
S
Progress Thread Giving an abandoned 88 GT project a new chance at life
  • jaketractor
  • Jan 9, 2025
  • Fox 5.0 Mustang Tech
  • 2
Replies
27
Views
2K
Fox 5.0 Mustang Tech Jul 20, 2025
Noobz347
J
Progress Thread Family member 1989 GT- Backstory and updates
  • JRC99
  • Apr 19, 2025
  • 1979 - 1995 (Fox, SN95.0, & 2.3L) -General/Talk-
Replies
15
Views
1K
1979 - 1995 (Fox, SN95.0, & 2.3L) -General/Talk- Oct 26, 2025
JRC99
J
Convertible Top Replacement SN95/NewEdge
  • MineralMan
  • Feb 15, 2023
  • 1996 - 2004 SN95 Mustang -General/Talk-
Replies
3
Views
6K
1996 - 2004 SN95 Mustang -General/Talk- Jul 1, 2024
old fella 2
O
Fox Build ideas for the 'Hudson Heap' (87 GT)
  • MadSquirrelTech
  • Sep 19, 2023
  • 1979 - 1995 (Fox, SN95.0, & 2.3L) -General/Talk-
  • 2
Replies
20
Views
4K
1979 - 1995 (Fox, SN95.0, & 2.3L) -General/Talk- Sep 27, 2023
MadSquirrelTech
Share:
Bluesky Email Share Link
  • Mustang Forums
  • 1965 - 1973 Classic Mustangs -General/Talk-
  • Classic Mustang Specific Tech
Menu
Log in

Register

  • Forums
  • What's new
  • Media
  • Resources
  • Contact
  • Sponsor
X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?

X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?