Multiple 2020+ Shelby GT500 Models Go for Crazy Money at Auction as Market Loses It
Some of these Shelby GT500 examples are going for 50 percent more than MSRP.
Most automotive enthusiasts are well aware that now is a tough time to buy a new or used vehicle, thanks to a variety of supply chain constraints that have driven prices to record levels. Despite this, people continue to dish out record money for those vehicles, and this phenomenon has also trickled down to the collector car market. That fact was on full display at Barrett-Jackson’s flagship Scottsdale auction last week, where a total of five 2020+ Ford Mustang Shelby GT500 models hammered for well over $120k in some cases.
The “cheapest” of the bunch is this Twister Orange 2020 Shelby GT500, which sold for $121,000. This particular car has just 1,300 miles on the clock but is fitted with a host of modifications that may have affected its selling price a touch, including a smaller supercharger pulley, cat delete pipe, JLT intake, and a custom tune.
Next up, we have this Grabber Lime 2020 GT500, which is bone stock and raked in a bit more money – $123,200 – quite a lot of money for a car that starts out at $70k or so, sans any of the pricey carbon packages. While we do believe these will be collector’s items one day, the fact that you can still buy one at a local dealership makes us wonder why, exactly, they’re bringing this much money at auction?
Then again, if you thought that was rough, how about this Race Red 2020 GT500, which sold for an astounding $148,500? This particular car has just 755 actual miles, but that hammer price is truly next level – especially for one that isn’t fitted with the Carbon Fiber Track Pack.
However, if you think that’s a crazy price, you’re in for a real treat, because this Iconic Silver 2020 GT500 with the Carbon Fiber Track Pack and painted stripes sold for an insane $154,000, while this Oxford White 2021 example equipped with those same two features raked in the biggest prize of them all – $165,000.
These are eye-watering numbers for sure, and they clearly reinforce the belief that the collector car market has indeed gone crazy. When a modern classic that’s still readily available on dealer lots, for the most part, can rake in upwards of 50 percent more than MSRP at auction, well, it’s easy to say that we’re in the midst of a seller’s market at the moment.
Photos: Barrett-Jackson
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