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Classics When the Bullitt Mustang sells, we’ll see the McQueen Premium’s potential

10:07  07 february  2020
10:07  07 february  2020 Source:   hagerty.com

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So let’ s dig into the potential McQueen Premium (MQP) for this particular 1968 Mustang using some previous McQueen car sales. For millions of people, seeing the Bullitt Mustang is like meeting a hero. Here’ s hoping it lands someplace where more people can experience it, no matter the final price.

You’ve seen the movie, you know the car. And in just a few days, Mecum Auctions will sell , at no reserve, the real-deal 1968 Bullitt Mustang at its But McQueen never owned the ’Cuda. So let’ s dig into the potential McQueen Premium (MQP) for this particular 1968 Mustang using some previous

How much can a Mustang be worth?

a group of people in a car: Bullitt car© Colin Comer Bullitt car

You’ve seen the movie, you know the car. And in just a few days, Mecum Auctions will sell, at no reserve, the real-deal 1968 Bullitt Mustang at its 2020 Kissimmee auction in Florida.

It has been an action-packed 24 months for Bullitt since we unveiled the car to the world after it had spent more than 40 years in hiding with the Kiernan family in Tennessee. Following that story, the knee-jerk reaction was speculation about how much the iconic Mustang might be worth if it ever hit the market. And since I’m writing this before we know the answer, I’ll seize this last chance to speculate a little more.

Bullitt Bonanza: 1968, 2019 Bullitt Mustangs Up For Grabs

  Bullitt Bonanza: 1968, 2019 Bullitt Mustangs Up For Grabs That's a lot of Dark Highland Green Mustang attitude! Even if you're not a Mustang enthusiast, there's always something special about seeing one of these cars painted up in Dark Highland Green thanks to the movie Bullitt. Since Steve McQueen's original 1968 Mustang Fastback, there have been three special-edition Bullitt Mustangs in 2001, 2008 and 2019, and each has become a modern classic.We already saw a rare, black 2001 Mustang GT Bullitt that GAA Classic Cars will be auctioning off next month, but if the iconic green is more your style, then check out this auction's lot numbers 65.1 and 65.

You’ve seen the movie, you know the car. And in just a few days, Mecum Auctions will sell , at no reserve, the real-deal 1968 Bullitt Mustang at its But McQueen never owned the ’Cuda. So let’ s dig into the potential McQueen Premium (MQP) for this particular 1968 Mustang using some previous

When the Bullitt Mustang sells , we ’ ll see the McQueen Premium ’ s potential . Hagerty on MSN.com. Original Steve McQueen ‘ Bullitt ’ Mustang Expected To Sell For Record-Breaking Price At Auction. Do You Remember? 2012 Ford Mustang Low Kms!!

Research the Ford Mustang on MSN Autos | Find a Ford Mustang near you

Two identical 1968 Mustangs were used in the filming of Bullitt. One was to be the “stunt car” and the other the “hero car.” In 2017, the stunt car was found in rough shape in a junkyard in Baja California Sur. It has been undergoing an extensive restoration ever since. The hero car, the one on screen with McQueen driving it, has lived a quiet life in the Kiernans’ garage, safe and sound. Steve McQueen tried to buy it in 1977, rebuffed in no uncertain terms by Bob Kiernan, in the process creating an unintended but important validation for the hero car from the King of Cool himself.

But how much can a Mustang be worth?

Steve McQueen wearing sunglasses taking a selfie in a car: Steve McQueen effect© Provided by Hagerty Steve McQueen effect

The current record holder is the one-off 1967 Shelby GT500 “Super Snake,” which Mecum sold at its 2019 Kissimmee auction for $2,200,000. The Super Snake is well known to Shelby faithful, but it is neither the cultural icon nor the most famous Mustang of all time. The Bullitt Mustang is.

Restored 1966 Ford Mustang Fastback Is A Must-Have Mustang

  Restored 1966 Ford Mustang Fastback Is A Must-Have Mustang This bright red fastback definitely won't go unnoticed around town or at car shows! After 55 years of production, there have been numerous Ford Mustang body styles to capture the hearts of automobile enthusiasts, but few, if any, are better than an early first-gen fastback. And with an assist from movie cars from Bullitt and Gone In 60 Seconds, this body style is one of the most desirable Mustangs ever.If you're looking for a turn-key, show-stopping fastback, look no further than this 1966 Ford Mustang GT Fastback being sold by Drager's Classic Cars of Seattle, Washington.

When the Bullitt Mustang sells , we ’ ll see the McQueen Premium ’ s potential . Hagerty on MSN.com. 2012 Ford Mustang Low Kms!! Original Steve McQueen ‘ Bullitt ’ Mustang Expected To Sell For Record-Breaking Price At Auction. Do You Remember? The Most Important Cars Of The Past 15 Years.

When the Bullitt Mustang sells , we ’ ll see the McQueen Premium ’ s potential . You’ve seen the movie, you know the car. And in just a few days, Mecum Auctions will sell , at no reserve, the real-deal 1968 Bullitt Mustang at its 2020 Kissimmee auction in Florida.

Sure, the existence of two Bullitt Mustangs might reduce the ultimate sale price of either one, but there are precedents for multiples of the same movie car excelling on the block. Take, for example, the Aston Martin DB5 made famous by James Bond in Goldfinger and Thunderball. There were actually four DB5s for these roles—two used on film and two exclusively as promotional cars. One of the promotional DB5s sold at the RM Sotheby’s auction in Monterey for $6.38 million. A “regular” DB5 in the shape you’d want it is closer to $1 million.

Mecum offered no presale estimate for the Bullitt. However, company president Dana Mecum did predict it should surpass the $3.5M for a 1971 Plymouth Hemi ’Cuda convertible sold in 2014. But McQueen never owned the ’Cuda. So let’s dig into the potential McQueen Premium (MQP) for this particular 1968 Mustang using some previous McQueen car sales.

1967 Ford Mustang Hero Car From 'Gone In 60 Seconds' Up For Grabs

  1967 Ford Mustang Hero Car From 'Gone In 60 Seconds' Up For Grabs Mecum credits this movie car with starting the restomod craze. Move over Bullitt, there's another iconic Mustang movie car heading to auction through Mecum in Kissimmee, Florida. It's been almost 20 years since the 2000 remake of Gone In 60 Seconds made its box office premier, but the iconic 1967 Shelby GT500 from the movie – aka, Eleanor – has become one of the most recognizable movie cars of all time, and this film-used hero car will be up for auction next month.

What the buying public saw as an attractive, high-value car, the nation’s speed fiends recognized as their blank canvas. Fitting dual exhaust for enhanced power and growl was a weekend driveway Related Articles. When the Bullitt Mustang sells , we ’ ll see the McQueen Premium ’ s potential .

When the Bullitt Mustang sells , we ’ ll see the McQueen Premium ’ s potential . You’ve seen the movie, you know the car. And in just a few days, Mecum Auctions will sell , at no reserve, the real-deal 1968 Bullitt Mustang at its 2020 Kissimmee auction in Florida.

In 2011, his 1970 Porsche 911S sold for $1.375M at a time when its #1 Hagerty Price Guide value was $72,000. That’s roughly an 1800-percent MQP. In 2012, his 1968 Ford GT40 (used in Le Mans) sold for $11M, representing a 323-percent MQP over the #1 HPG value at the time. And in 2014, McQueen’s 1967 Ferrari 275 GTB/4 sold for $10.175M, a 228-percent MQP.

a person driving a car: Bullitt Mustang burnout© Provided by Hagerty Bullitt Mustang burnout

If the Bullitt Mustang exceeds $3.5M, not only will it set a record for Mustangs and American muscle, but it will also set an MQP record for cars. Even at $3.5M, that represents a 3500-percent MQP over the current #1 value of $96,000 for a four-speed 1968 Mustang 390 fastback. (Notably, the highest noncar MQP I could find was $70,200 for his Persol 714 sunglasses in 2006, a 17,500-percent premium over the $400 retail.)

As for the Kiernan family’s decision to sell Bullitt, “The car is my father’s legacy,” Sean Kiernan told me. “It’ll be hard looking in the garage and seeing an empty space, but this is a way for my dad to take care of his family. With Bullitt, we’ve been able to tell my dad’s story and share the car with the world. Bullitt has been part of my family for 45 years, and we have celebrated it in the grandest way possible. Now the Mustang will have a new role and new meaning for the future owner.”

For millions of people, seeing the Bullitt Mustang is like meeting a hero. Here’s hoping it lands someplace where more people can experience it, no matter the final price.

Does the Bullitt Mustang have the potential to surpass $3.5M? Let us know your thoughts on Facebook.

Research the Ford Mustang on MSN Autos | Find a Ford Mustang near you

For Sale! Original Bullitt 1968 Mustang GT at Mecum Auctions Kissimmee .
The Kiernan family has decided to sell its original 1968 Mustang GT from the movie Bullitt via the Mecum Auctions Kissimmee (FL)—what will it go for??Since then Sean and the Bullitt movie "hero" car have been on a whirlwind tour encompassing four corners of the U.S. and abroad to share the Bullitt with fans everywhere. From sitting on display, encased in a see-through display box, at the National Mall in Washington, D.

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