1984 Ford Mustang GT-350 20th Anniversary

VIN: 1FABP27M3EF179654

$71,500

Sold

1984 Ford Mustang GT-350 20th Anniversary
1984 Ford Mustang GT-350 20th Anniversary
1984 Ford Mustang GT-350 20th Anniversary

Seller details

  • Auction

    Barrett-Jackson

  • Location

    Scottsdale, AZ; US

  • Event date

    Jan 26 - Jan 31, 2016

  • Lot

    384

Vehicle specs

  • Chassis/VIN

    1FABP27M3EF179654

  • Body style

    Convertible

  • Odometer

    101 m

  • Transmission type

    Standard

  • Engine Type

    V8

  • Horsepower

    175

  • Induction

    4bbl

  • Interior Color

    Canyon Red Cloth

  • Exterior Color

    Oxford White

  • Generation

    1979-1993 Ford Mustang

Vehicle details

Notes and observations recorded by Hagerty staff.

Equipment

302/175hp, 5-speed, Michelin TRX tires, power steering, power front disc brakes, limited slip, factory air conditioning, power top, AM/FM cassette stereo.

Condition

#2 Excellent

Could win a regional car show. Drives like new.

About Hagerty’s condition ratingsClose

Unrestored with 101 miles and the plastic still on the front seats. A few light scratches on the wheels. Otherwise this car is as new. Rare in that it's a GT350 convertible and a 5-speed car. Even so, the fact that someone would mothball a car like this for so long is shocking, and so is the fact that so many people seem to have mothballed 80s pony cars.

Market commentary

It may say 'GT350' on the side stripes, but it doesn't say 'Shelby' on the hood. Putting it away for 32 years brought a seemingly handsome return, until it's discounted. It's less than 5% per year without taking into account storage and insurance costs and the service it took to wake it up. It's better than investing in Tyco Labs, but not Berkshire Hathaway. The seller hit a home run out of the park with bases loaded in the bottom of the ninth. This is fantastic money.

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