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Auctions America sells ‘Shorty’ Mustang for $511,550

Auctions America sells ‘Shorty’ Mustang for $511,550 Classic and Performance Car

Huge Auctions America Fort Lauderdale sale makes $21.3million, with a Ferrari 250 GT also selling well at $715,000

US-based auction house Auctions America enjoyed total sales of $21.3million at its 13th annual Fort Lauderdale sale in Florida on 27-29 March. A total of 76 per cent of all lots were sold in what was the company’s best result at this location to date. The top seller was a Ferrari 250 GT, which sold to a UK buyer for $715,000.

The Ferrari was one of 37 cars offered from the Cayman Motor Museum Collection, which was owned by enthusiast Andreas Ugland. The Ferrari had been in the collection for over 25 years, and attracted huge international attention, selling for more than its top estimate.

One highly anticipated car was the 1964 ‘Shorty’ Ford Mustang factory prototype, which is one of the most significant historical Fords to be offered in some time. Offered by its owner of 47 years, this short wheelbase Mustang was eventually sold for $511,500.

Ford GTs also had a good showing, with increased interest around the model following the announcement of a new GT. One of the earliest 2005 cars sold for $451,000, with a 2006 Heritage Edition car ending at $410,000 – thanks to its odometer reading of just 2.7miles.

One other slightly unusual car to see at the US auction was the 1981 Renault 5 Turbo. This rare homologation special sold for $50,400, which is significantly less than you would expect it to sell for in Europe.

‘We’re very pleased with the results from our Fort Lauderdale sale, which provide a very positive kick start to our 2015 season,’ says Donnie Gould, President, Auctions America. ‘This year’s catalog represented our finest and most diverse Fort Lauderdale offering to date.’

Auctions America’s annual Auburn Spring Collector Car Weekend at Indiana’s historic Auburn Auction Park is the company’s next auction, which takes place on 7-9 May.

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