Heroshot

1969 Ford Mustang

Convertible
$99,000
Sale Price
No
Reserve
2 July 2022
Sold Date
687.3
Lot Number
#2
Older restoration
Barrett-Jackson
Auction House
Chassis no. 9F03Q127782. Red with white vinyl top over red vinyl. 428/35hp Q-Code Cobra Jet, automatic, Magnum 500 wheels, Goodyear Polyglas tires, competition suspension, 9-inch rear end power top, tinted glass, radio delete, Elite Marti Report. Comes with set of steel wheels and hub caps.

Evaluation: Represented as matching numbers and one-of-one with this combination of equipment (not a distinction of major importance in the world of ’60s Mustangs). Very good paint and chrome aside from an odd spot of discoloration on the hood. Clean wheels and tires. Even gaps. Very good interior. Handsome car holding up well from an older restoration and an interesting combination of options. Not just another Mustang.

Bottom Line: This well-optioned Mustang is a familiar auction veteran. It was a no-sale at Mecum Indy in 2018 at a $100,000 bid, and was a no-sale there again a year later at a $110,000 high bid. Third time wasn’t the charm at Kissimmee 2020 with another $100,000 no-sale. It came back to Kissimmee in 2021 and 2022 to $90,000 and $75,000 no-sales. There’s consistency for you. All of those bids save for the last one were perfectly appropriate, and four years of trying and ferrying the car around the country resulted in less than what the car would have sold for in 2018.

by Andrew Newton
9 July 2022
Hagerty
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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.