It’s the first time a pre-owned Ford GT has legally crossed the auction block.
Those who were lucky enough to be on the buying list for a Ford GT had to sign a strict contract that prevented them from selling it within two years after taking delivery. It took John Cena just one month to breach that contract. This resulted in a lot of controversy and lawsuits, but the case was finally settled last year.
Now that some owners have been in possession of their Ford GT for over two years, we can expect to see more of them get sold at auctions and in the used car market for huge profits.
Last weekend, a 2017 Ford GT '66 Heritage Edition became the first-pre-owned GT to legally cross the auction block, selling for $1.54 million at a Barrett Jackson auction in Las Vegas. It was sold with only 30 miles on the clock. Three years ago, the owner would have paid around half a million dollars, meaning this GT '66 Heritage Edition has already nearly tripled in value in two years, with a profit of around $1 million before auction fees.
This isn't the most expensive Ford GT to sell at auction, however. Back in January, the first 2019 Ford GT Heritage Edition sold for a staggering $2.5 million at Barrett-Jackson's Scottsdale auction, with all proceeds going to charity organizations. The Ford GT that was flipped by John Cena also sold for over $1.5 million at the 2018 Monterey auction.
This limited-edition Ford GT '66 Heritage Edition pays tribute to the Ford GT40 Mark II that Bruce McLaren and Chris Amon drove to victory at the 24 Hours of Le Mans in 1966. It comes finished in Shadow Black exterior paint with a matte or gloss finish, silver stripes, and No.2 decals.
Other expensive exotics that were sold at Barrett-Jackson's 2019 Scottsdale auction include a 2019 Ferrari 488 Spider that fetched $368,500 and a 2013 Ferrari 458 Spider that sold for $330,000.