Misallocation

1978 Ford Mustang II Cobra II

Sold at RM Sotheby's on March 16, 2014, offered with no reserve.

$18,975Confirmed

The price as reported by the house. Hammer price $17,250, before the buyer's premium. Read from the house's results Oct. 26, 2026.

The car

Year
1978
Make and model
Ford Mustang
Generation
Mustang II
Version
Mustang II Cobra II
Chassis
8F03F111159
Condition
Excellent (2)Likely

Condition is our reading of the listing's description on Hagerty's 1 to 4 scale, not an inspection.

Against comparable sales

Below the middle half of 3 comparable sales, 28% under its bottom.

Middle half of sales$22,000 to $29,000
Median$26,000
Sales behind it3Likely

From 3 sales of the Ford Mustang II Cobra II in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $22,000 and $29,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1978 Ford Mustang II Cobra IIBring a Trailer, July 3, 2026Bring a TrailerJuly 3, 2026$26,000
1978 Ford Mustang Cobra IIMecum, May 14, 2025MecumMay 14, 2025$18,000
1976 Ford Mustang II Cobra IIBring a Trailer, Jan. 13, 2026Bring a TrailerJan. 13, 2026$32,000