May 16th 2015 Premier Automobile Sale (13)
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This lot is closed for bidding. Bidding ended on 5/15/2015
Ford executive, Lee Iacocca, gave design teams five goals to achieve in the development of the Mustang. It would seat four, have bucket front seats, floor mounted shifter, weigh 2500 pounds or less, be no longer than 180 inches, sell for less than $2500.00 and be available with power, comfort and luxury options. The Lincoln-Mercury division ultimately produced the final design for the first Mustang.To decrease development costs, the Mustang used chassis suspension and drivetrain components derived from the Falcon and Fairlane models. The Mustang convertible would actually be the first produced in order to address chassis stiffness. The hardtop coupes would, however, be the leading seller in the model lineup.The 1967 model Mustang was the first redesign of the original model. The major change was the consideration and design of the engine bay to facilitate the installation of a big block engine. The overall size, interior and cargo space also were increased. Changes in 1968 were focused on safety, with a two spoke energy absorbing steering wheel, shoulder belts, and front and rear side markers. Seven engine options were available, ranging from the 200 cu in 115 hp in line six to the 428 cu in 335 hp big block. The 390 cu in GT engine with four-speed transmission equipped Mustang recorded quarter mile times of 13 seconds at over 105 mph.Offered is a pristine, concours quality restoration of the rare 1968 Ford Mustang GT convertible. Documented with full “Marti” report, this rare combination 390 cu in four-speed GT convertible retains its original color of candy apple red with parchment interior and top. Sold new through Hull-Dobbs Co in Winston-Salem, NC, it was built on March 13, 1968. One of only 329 built with these options and color combination, the Mustang also has the optional power brakes and top.It is rare that a Marti certified, numbers matching, GT convertible, big block, four- speed is offered to Market. This magnificently restored GT convertible is available for the first time since its “cost is no object” restoration was completed.• Full Marti Report• Matching Number• 390 cu in. Big Block• Rare 4-Speed Transmission• Power Top
Current Bidding
Minimum Bid: $12,500.00
Final prices include buyers premium: $51,700.00
Estimate: $50,000 - $60,000
Number Bids: 1
Auction closed on Friday, May 15, 2015.
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