Heroshot

2005 Ford GT

Heritage
Elvis Presley's Stutz gets $297,000 in Las Vegas
Thursday, 10 November - Saturday, 12 November
$434,500
Sale Price
Yes
Reserve
12 November 2022
Sold Date
S89.1
Lot Number
#3
Original
Mecum Auctions
Auction House
Chassis no. 1FAFP90S56Y400647. Gulf Blue and orange over black. 330/550hp, 6-speed, McIntosh stereo, BBS wheels, gray calipers, Bridgestone Potenza tires.

Evaluation: Represented with 9000 miles which is on the high side for a GT. More importantly, though, CARFAX shows it as a total loss after an accident in 2011, although Mecum notes the title hasn’t been branded as salvage. It presents well like almost every Ford GT does, but it will always wear the scarlet letter of that accident.

Bottom Line: These cars are hardly driven anywhere at all, let alone enough to have an accident. This one is unusual in its level of use and was steeply discounted. The details of its accident aren’t forthcoming, but that discount wasn’t as big as we thought it would be for a car that had been totaled, and the seller can be pleased.

As scarce as Ford GTs with accident history are at auction, we saw another once-totaled car at Barrett-Jackson Houston just a few weeks before this. It had a few more miles and was a 2005 base model that also had significant mods. It was, realistically, even more heavily discounted at $275,000.

by Andrew Newton
18 November 2022
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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.