Second-hand Ford GTs are Breaking the Million Dollar Mark

by kiana M
January 29, 2020

A few Ford GTs have started to appear on the used-car market now that their two-year exclusion period has ended, and collectors are spending big bucks to secure themselves the GT.

The GT was originally sold in 2017 for $450,000 and it came with a waiver that stated that the owner could not sell the blue oval supercar for two years.

Now that the exclusion period has ended for a bunch of GTs that were sold in 2017, they are beginning to appear at auction houses all over the world. Earlier in January RM Sotheby’s sold a GT for $923,500 (USD) while Barrett-Jackson’s Scottsdale, Arizona, auctioned two GTs that sold for $1.182 million (USD) and $1.485 (USD).

So then this raises the question; how did we get here?

Well, Ford sold the GT to customers with a few caveats:

  1. Not anyone could buy one.
  2. Ford limited productions of the GT to only 250 units per year.
  3. Put two year caveats on the GT.

Basically, what’s happened is that by implementing a lengthy and strict selection process for choosing the “right” owners, Ford left some heartbroken fans, thirsty to get their hands on a GT someday. And with limiting the production numbers to 250 per year and putting a two year exclusion period they’ve created an exclusive market and if it hasn’t been obvious it means that some fans will go above and beyond to get themselves a GT.