Misallocation

1970 Shelby GT500 Convertible

Sold at Mecum Auctions on May 16, 2026.

$275,000Confirmed

The price as reported by the house. Hammer price $250,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1970
Make and model
Ford Mustang
Generation
Mustang first generation
Version
Shelby GT500
Gearbox
Automatic
Chassis
0F03R482544
Condition
Good (3)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 79 comparable sales, 5% over its top.

Middle half of sales$126,250 to $237,500
Median$171,000
Sales behind it79Likely

From 79 sales of the Ford Mustang Shelby GT500 (Mustang first generation) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $126,250 and $237,500.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1970 SHELBY GT500Barrett-Jackson, Jan. 22, 2026Barrett-JacksonJan. 22, 2026$97,000
1970 Shelby GT500 FastbackMecum, Nov. 15, 2025MecumNov. 15, 2025$128,000
1970 Shelby GT500 FastbackMecum, July 12, 2025MecumJuly 12, 2025$150,000
1970 Shelby GT500 FastbackMecum, Jan. 18, 2025MecumJan. 18, 2025$135,000
1970 Shelby GT500 ConvertibleMecum, Jan. 18, 2025MecumJan. 18, 2025$150,000
1969 Ford Shelby GT500 FastbackMecum, Oct. 24, 2026MecumOct. 24, 2026$127,500
1969 Shelby Mustang GT500 FastbackBring a Trailer, Sept. 26, 2026Bring a TrailerSept. 26, 2026$125,000
1970 Shelby GT500 FastbackMecum, Sept. 25, 2026MecumSept. 25, 2026$175,000