With the Powerball jackpot at $1.5B at the time of this writing, you may have thought “aw, why not” and bought a few tickets by now. Or maybe you’ve thrown down a few bucks in your office pool. I mean, it’s a billion and a half dollars.
Let’s face it, though. You’re not gonna win the Powerball. You have a better chance of getting hit by lightning or bitten by a shark. Ouch. But you know what’s a lot more likely than all the above, and doesn’t hurt at all? Guessing the right sale price for our feature car in this week’s The Bid is Right contest. And unlike a lottery ticket, guesses are free. Just throw your hypothetical figure in the comment section below, and you could take home $500.
Hagerty Marketplace, Hagerty’s newly-launched site for classifieds, debuted its auctions section this month, and its star car at the moment is this Ford GT. A 2019 model, it is represented with 7582 miles “on some of the country’s most beautiful roads,” and comes with a new 911’s worth of optional extras including titanium exhaust, matte exposed carbon fiber wheels, orange brake calipers, and the Exterior Carbon Fiber package.
With these “new” GTs, which arrived in 2017 and the last of which will be built next month, Ford took a page out of the Ferrari playbook, carefully vetting buyers and forcing them not to resell their race-proven hypercars within two years of purchase. In theory, it was supposed to protect Ford’s halo model from speculation and depreciation.
The reality is a little more complicated, and that should make guessing the right number on this one a little more interesting. The window sticker on our feature car gives an MSRP of $612,750 back in 2019, and these cars started at about half a million dollars for the lucky few who had the privilege of buying one new. That said, those figures carry little weight in the collector market for Ford GTs in 2022.
The first "used" GT anyone heard about was when pro wrestler John Cena sold his GT a bit prematurely in 2018, and then Mecum consigned one for its 2018 Indianapolis auction. Ford unleashed the lawyers on both "The Champ" and Mecum, but both cases settled out of court. Since then, those 24-month contracts have been expiring and second-hand GTs hit the public market with more frequency.
Despite little variation in equipment or condition, prices were all over the place during 2018-20, ranging from the $800K range to the mid-$1Ms. They've since settled into a narrower spread, but when you're seeking the nearest dollar on a car this expensive, there's plenty of room for guesses. Our feature car is loaded with lots of good options, but the mileage is on the high side for a car that few people drive more than a few hundred miles a year, and the seller notes some scratches on two of the wheels.
Alright, it's now time to take an educated stab at where you think the final bid will land in the comments below. Closest to the magic number without going over gets $500. The bid clock on this one runs out on November 9, so get to guessing!
- The commenter who guesses closest to the hammer price without going over wins. (Hammer price excludes auction house fees).
- One guess per commenter.
- If two people guess the same amount (within a dollar) the earlier guess wins.
- Commenters must provide first and last name in addition to email address.
- We will close the guessing on Nov 8 2022 at 4:54 pm est.
- Your privacy is important to us, and we’ll never sell your information. By providing your email you will receive the weekly Insider newsletter, and you can opt out at any time.
- You can read the full rules here.