1972 Ford Mustang

Sprint Olympic Edition SportsRoof
Multiple records set at Mecum Indianapolis 2021
Friday, 14 May - Saturday, 22 May 2021
Sale Price
$45,000 - $55,000
Est. Range
20 May 2021
Sold Date
Lot Number
Older restoration
Mecum Auctions
Auction House
Chassis no. 2F02H189031. White, blue and red over white vinyl with blue cloth inserts and red piping. 351/177hp, automatic, Radial T/A tires, amber fog lights, power brakes, air conditioning, console, cassette stereo. Represented with original window sticker and books.

Evaluation: Rare Olympic Sprint package, introduced to coincide with the 1972 Summer Olympics in Munich, with this loud red white and blue color scheme as well as USA flag shields on the rear fenders. Fully but not overrestored engine bay and underbody. There is a touch up on the nose as well as prep issues generally, but it looks good from a short distance. Good interior with original dash and gauges. Scratched window frames. A rare and attention-grabbing car, but it’s still a ‘72 Mustang and it was only restored to the standards you’d expect for a ‘72 Mustang.

Bottom Line: This isn’t 1972 Mustang money, however. After not selling at a $19,000 high bid on Bring a Trailer last December, it found a much more Mustang-heavy audience in Indy and they afforded it a huge result. The price isn’t a fluke, either, as Lot T211 – an Olympic Sprint convertible – sold for even more at $71,500.

by Andrew Newton
27 May 2021
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  • Scott says:

    Those aren’t “fog lamps” but instead, called sport lamps, merely decorations. They illuminated when the headlights were turned on.

  • Jeff Constance says:

    You are correct. Also, used on 1971-72 Mach 1’s. The 73 Mach 1’s were vertical. I can’t a believe a 351-2V Sprint brought that money. When the market corrects, that will be a 25K car, if they are lucky.

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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.
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.