Misallocation

1970 FORD MUSTANG 428 CJ CONVERTIBLE

Sold at Barrett-Jackson on Jan. 24, 2025, offered with no reserve.

$396,000Confirmed

The price as reported by the house. Hammer price $360,000, before the buyer's premium. Read from the house's results Nov. 2, 2026.

The car

Year
1970
Make and model
Ford Mustang
Generation
Mustang first generation
Version
Mustang 428 Cobra Jet
Gearbox
Automatic
Chassis
0F03Q114143
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

Above the middle half of 34 comparable sales, 243% over its top.

Middle half of sales$75,446 to $105,000
Median$95,000
Sales behind it34Likely

From 34 sales of the Ford Mustang 428 Cobra Jet (Mustang first generation) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $75,446 and $105,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1970 Ford Mustang SportsRoof 428 Cobra JetBring a Trailer, Dec. 12, 2025Bring a TrailerDec. 12, 2025$60,000
1970 Ford Mustang Mach 1 428 Cobra JetBring a Trailer, Oct. 12, 2025Bring a TrailerOct. 12, 2025$60,500
1970 FORD MUSTANG 428 CJ R SPORTSROOFBarrett-Jackson, Jan. 23, 2025Barrett-JacksonJan. 23, 2025$80,000
1970 Ford Mustang Mach 1 428 Cobra Jet 4-SpeedBring a Trailer, Nov. 7, 2026Bring a TrailerNov. 7, 2026$59,000
1969 Ford Mustang Mach 1 Cobra Jet 428Bring a Trailer, July 31, 2026Bring a TrailerJuly 31, 2026$113,000
Fuel-Injected 1969 Ford Mustang Mach 1 428 Cobra Jet 5-SpeedBring a Trailer, July 23, 2026Bring a TrailerJuly 23, 2026$100,000
1969 Ford Mustang Mach 1 428 Cobra JetBring a Trailer, Jan. 31, 2026Bring a TrailerJan. 31, 2026$96,500
1969 FORD MUSTANG GT 428 SCJ DRAG PACKBarrett-Jackson, Jan. 23, 2026Barrett-JacksonJan. 23, 2026$137,000