Misallocation

1988 Ford Mustang GT Convertible

Sold at Mecum Auctions on Jan. 9, 2025.

$7,150Confirmed

The price as reported by the house. Hammer price $6,150, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1988
Make and model
Ford Mustang
Generation
Mustang Fox body
Version
Mustang GT
Gearbox
Automatic
VIN
1FABP45E9JF291098
Condition
Good (3)Likely

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

This car's full record

Against comparable sales

Below the middle half of 172 comparable sales, 107% under its bottom.

Middle half of sales$12,738 to $26,625
Median$18,000
Sales behind it172Likely

From 172 sales of the Ford Mustang GT (Mustang Fox body) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $12,738 and $26,625.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1988 FORD MUSTANG GT CONVERTIBLEBarrett-Jackson, April 16, 2026Barrett-JacksonApril 16, 2026$13,000
1987 Ford Mustang GT 5.0 ConvertibleBring a Trailer, Oct. 21, 2026Bring a TrailerOct. 21, 2026$16,250
1988 Ford Mustang GT ConvertibleMecum, Sept. 23, 2026MecumSept. 23, 2026$10,000
1988 Ford Mustang GT 5.0 Convertible 5-SpeedBring a Trailer, June 20, 2026Bring a TrailerJune 20, 2026$31,750
1988 Ford Mustang GT Convertible 5-SpeedBring a Trailer, May 24, 2026Bring a TrailerMay 24, 2026$15,250
1988 Ford Mustang GT 5.0 Convertible 5-SpeedBring a Trailer, May 16, 2026Bring a TrailerMay 16, 2026$20,250
1989 Ford Mustang GT 5.0 ConvertibleBring a Trailer, May 13, 2026Bring a TrailerMay 13, 2026$15,750
1988 Ford Mustang GT 5.0 Convertible 5-SpeedBring a Trailer, April 8, 2026Bring a TrailerApril 8, 2026$26,000

This car's historyConfirmed

Matched across sales by VIN.

DateWhat happenedWhereMilesPrice
Jan. 9, 2025Sold (this sale)MecumMecum$7,150
April 16, 2026SoldBarrett-JacksonBarrett-Jackson$14,300