SAAC Forum

Deals and Appeals => Up For Auction => Topic started by: Shelby_r_b on October 24, 2019, 04:24:12 PM

Title: Mecum Chicago
Post by: Shelby_r_b on October 24, 2019, 04:24:12 PM
Wow...interesting to see what the "THE PETROZZINI ESTATE COLLECTION" is fetching.

This 1968 GT500 was estimated between $20K-$25K and sold for $55K all in.

https://www.mecum.com/lots/CH1019-389034/1968-shelby-gt500-fastback/
Title: Re: Mecum Chicago
Post by: Shelby_r_b on October 24, 2019, 04:27:16 PM
This 1968 GT500KR was estimated between $60K and $70K...sold for $137,500 all in.

https://www.mecum.com/lots/CH1019-389043/1968-shelby-gt500kr-fastback/
Title: Re: Mecum Chicago
Post by: 2112 on October 24, 2019, 05:09:02 PM
This 1968 GT500KR was estimated between $60K and $70K...sold for $137,500 all in.

https://www.mecum.com/lots/CH1019-389043/1968-shelby-gt500kr-fastback/

That is a pretty nice car really.

Anyone recognize the chin spoiler and know it's origins?
Title: Re: Mecum Chicago
Post by: deathsled on October 24, 2019, 05:16:35 PM
That's a pretty hot G.T. 500.
Title: Re: Mecum Chicago
Post by: Richstang on October 24, 2019, 05:28:05 PM
This 1968 GT500KR was estimated between $60K and $70K...sold for $137,500 all in.

https://www.mecum.com/lots/CH1019-389043/1968-shelby-gt500kr-fastback/

That is a pretty nice car really.

Anyone recognize the chin spoiler and know it's origins?

Looks to be part of the lower valance as one piece.
Title: Re: Mecum Chicago
Post by: Coralsnake on October 24, 2019, 05:37:15 PM
Its not original

I looked at the car today, shiny on the outside, but the body integrity was not strong in my opinion.

Black 4spd AC very rare
Title: Re: Mecum Chicago
Post by: Rukiddin on October 24, 2019, 07:46:56 PM
A fake? Or what % orig?
Title: Re: Mecum Chicago
Post by: Coralsnake on October 24, 2019, 08:59:45 PM
Car was original, but had been poorly repaired in the past.

That was my assessment.
Title: Re: Mecum Chicago
Post by: deathsled on October 24, 2019, 09:28:34 PM
I hope it gets done up like it deserves.  Each car has its own personality, so to speak.  Almost as if alive and begging to be brought out from the chrysalis.
Title: Re: Mecum Chicago
Post by: Coralsnake on October 24, 2019, 09:35:07 PM
I am not tearing into the car online.

It was not one anyone I was with had interest in purchasing.

All is not appears on the TV
Title: Re: Mecum Chicago
Post by: Steve Z on October 24, 2019, 10:15:49 PM
     Just being polite.The Black KR brought more than I thought it should ? IMHO. It appeared to be a Day 2 car . Odometer  read 2200 miles , aftermarket exhaust, incorrect distributor, carb, rims , solenoid, MSD ignition etc. as I recall. Blue KR convertible was a nice car and very rare. I haven't been around the Shelbys , as much as others on the forum. They both brought more than I had expected. Good for the seller.
Title: Re: Mecum Chicago
Post by: csx289 on October 24, 2019, 10:59:28 PM
As somebody who was also at the sale to inspect the cars in detail I will second Pete's statement that "all is not as it appears on the TV."
Title: Re: Mecum Chicago
Post by: Shelby_r_b on October 24, 2019, 11:10:27 PM
Agreed. I was much surprised by the selling price of both.

I realize that the blue KR is rare, but I have to believe that the new owner is already under water, IMO.
Title: Re: Mecum Chicago
Post by: 2112 on October 24, 2019, 11:57:05 PM
Maybe somebody really wanted a black 4-speed A/C KR, warts and all.   ::)
Title: Re: Mecum Chicago
Post by: deathsled on October 24, 2019, 11:58:05 PM
Labor of love.  Wasn't bought for a flip or a profit.  The gentleman who bought might have lusted for one over his lifetime and this was the grand opportunity to get what he wanted and could afford to keep over the long haul.  I understand him completely if this is the case.  For me, wouldn't matter if I was under water with big red.  Till death do us part.
Title: Re: Mecum Chicago
Post by: CharlesTurner on October 25, 2019, 12:13:18 AM
Wait, I thought prices were falling??   ::) ::)
Title: Re: Mecum Chicago
Post by: TLea on October 25, 2019, 07:11:07 AM
I realize that the blue KR is rare, but I have to believe that the new owner is already under water, IMO.
Not really. Its an exclusive market if you want 4spd/ac vert. 57 total, IIRC 6 Acapulco blue. I believe I know where all 6 are (I've been involved in 4. Its a simple case of math. This was the last one that was not restored to a high level. Because of that I think he is about break even on the price
Title: Re: Mecum Chicago
Post by: Shelby_r_b on October 25, 2019, 08:08:53 AM
I realize that the blue KR is rare, but I have to believe that the new owner is already under water, IMO.
Not really. Its an exclusive market if you want 4spd/ac vert. 57 total, IIRC 6 Acapulco blue. I believe I know where all 6 are (I've been involved in 4. Its a simple case of math. This was the last one that was not restored to a high level. Because of that I think he is about break even on the price

Wow. Interesting. I appreciate the backdrop, and I had no idea. 👍🏻
Title: Re: Mecum Chicago
Post by: Special Ed on October 25, 2019, 09:24:55 AM
It all depends on a buyer looking for a car equipped with a certain color and 4-speed A/C 428 cj KR Shelby in a convertible knowing that this very desirable combo may never come for sale again. Years ago I inspected a  blue 68 Shelby KR 4-speed convertible that the FORD family bought and that's what they were looking for and it had to be FORD BLUE !!
Title: Re: Mecum Chicago
Post by: Rukiddin on October 26, 2019, 05:46:59 PM
Maybe he had his first “romantic” experience in one like it  ;D

Or,maybe  figured NOW is the time.....
Can’t say how many bad gambles I have made......
Survived so far...win a few....lose a few
A well advertised auction will bring in serious buyers.