original 1968 ford mustang bullitt

OG 1968 Ford Mustang Bullitt sells for $3.4 million

Jeff Glucker

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We knew it would go for a lot, we just didn’t know the exact amount. Back in August, we asked you to speculate on just how much dough the 1968 Ford Mustang Bullitt would churn. The car was just sold at Mecum. It crossed the auction block in Florida, where it sold for $3.4 million. That’s a bit under my initial guess of around $5 million, but it’s enough to make this the most expensive Mustang ever sold.

Highland Green clearly equals American green. The family that owned the car brought it to the spotlight during the launch of the current Ford Mustang Bullitt. Now the perfectly patina’d pony car is shuffling off to a new home. One, that we assume, as a heated garage and plenty of other wonderful stablemates.

Let’s say you were the fancy person who plunked down the cash for this car. Would you drive it? Or would you keep it exactly as it sits, and let it serve as a museum piece. I ask but I know the answer. If you’re reading this website, then you’d be firing up the car before you finished signing the paperwork. A nice road trip to bring it home would then ensue. And the car would serve as the occasional run about town car. That’s why you’re here and that’s why we like you.

That’s likely not the case with the new owner. And we wouldn’t be surprised to see this thing pop up at auction again in the not-too-distant future. We’d love to be proven wrong though…

About

Jeff Glucker

Jeff Glucker

Jeff Glucker is the co-founder and Executive Editor of Hooniverse.com. He’s often seen getting passed as he hustles a 1991 Mitsubishi Montero up the 405 Freeway. IG: @HooniverseJeff

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12 responses to “OG 1968 Ford Mustang Bullitt sells for $3.4 million”

  1. Victor~~ Avatar
    Victor~~

    Top it off and firewall that bitch !

    Reply
  2. longrooffan Avatar
    longrooffan

    Dude left a nice inheritance.

    Reply
    1. outback_ute Avatar
      outback_ute

      He knew what he had.

      Reply
    2. Wayne Moyer Avatar
      Wayne Moyer

      I was just reading the article this morning on why he ended up doing it. It’s on USA Today of all places. His wife had gotten sick and he wanted to focus on her and the farm instead of the car in the garage. He’s still going to farm hay after he gets the cash.

      Reply
  3. Sjalabais Avatar
    Sjalabais

    “Would you drive it” is a weird question. People who buy cars as an investment and to look at them sitting still…I don’t get it. Might not be a waste of money, but it seems like a waste of brain space to me. Buying cars now at the tail end of boom times isn’t my idea of a solid investment either. And I don’t think I know anyone who would be impressed by saying: “Look, I own a movie car! But don’t drive it”

    Reply
  4. Sjalabais Avatar
    Sjalabais

    “Would you drive it” is a weird question. People who buy cars as an investment and to look at them sitting still…I don’t get it. Might not be a waste of money, but it seems like a waste of brain space to me. Buying cars now at the tail end of boom times isn’t my idea of a solid investment either. And I don’t think I know anyone who would be impressed by saying: “Look, I own a movie car! But don’t drive it”

    Reply
  5. Zentropy Avatar
    Zentropy

    If I had the money to buy it, I wouldn’t drive it, because doing so hurts its value. And I don’t want to own a car I can’t drive, so I wouldn’t buy it even if I had the money. This is no longer a car– it’s art. I’m with Sjalabais on this one– such a purchase seems absolute nonsense to me.

    But then, I’ve never seen the logic in buying Shelby GT350s and GT500s, either, when a “regular” Mustang GT can be built into a car that is better in every way mechanically and aesthetically, for less money.

    Reply
    1. outback_ute Avatar
      outback_ute

      Usually the ‘real thing’ will be worth more, and be worth spending money on, compared to building a replica or custom.

      Reply
      1. Zentropy Avatar
        Zentropy

        “Worth spending money on” is what I don’t understand. I don’t equate “value” with “current market price”. To me, the value in a car is how much I can use and enjoy it. What others might think of it (or pay for it) is completely irrelevant. As such, this Bullitt Mustang isn’t worth $15k to me– because for that much money, I could build a ’68 Mustang that would provide me more value. The “Bullitt” association literally adds $0 in my estimation. Likewise, just because a Mustang is a “real Shelby” doesn’t mean I would pay more for it. I like certain aspects (aesthetics and performance) of the Shelbys, but the name itself means little to me.

        Reply
        1. outback_ute Avatar
          outback_ute

          Simply that spending $20k restoring or modifying a car worth $100k (and is often appreciating in value) is a different proposition to one that will be worth $10k when you are finished with it.

          Reply
          1. Zentropy Avatar
            Zentropy

            In my experience, the net return on restoration doesn’t differ much, unless you’re working on something extremely rare. The value added is a certain percentage of the cost of restoration. The only difference is the chunk of money you’ve sunk into the original car.

            What makes money is having an advantage on your potential customer. If you’re good at locating and buying desirable cars and turning them over after an easy clean-up, you’ll make money. If you’re good at performing restoration or customization work that most people lack the skills or equipment to perform, you’ll make money.

            Personally, I’ve never looked at cars as an investment, so my interest is simply for what they can do for me. A modestly restored Mustang GT would provide me just as much personal enjoyment and utility as a Shelby GT500 or a $3M Bullitt, for considerably less money. I certainly don’t expect everyone to see it that way– I was just expressing my own perspective on it.

  6. George G Avatar
    George G

    I just really don’t care about these auctions anymore. And I really don’t care about the whole McQueen thing. Somebody with wayyyyyy too much money bought an old big block mustang. Good for them, I guess.

    Reply