Ford Authority

2017 Ford GT Fetches $1.65 Million At Auction

One 2017 Ford GT owner took a calculated risk and sold the supercar at auction this month, deciding to ignore the very real threat of a lawsuit from Ford Motor Company for not adhering to a 24-month-ownership clause. The car ended up fetching a cool $1.65 million – significantly more than its roughly-$500k price tag – when the hammer fell at Mecum’s Indianapolis event.

WWE Superstar John Cena was slapped with a lawsuit last year for the premature sale of his own 2017 Ford GT. The issue is that, according to the automaker, each buyer of the limited-run supercar signs an agreement not to sell the car for at least two years after taking ownership. Each buyer is hand-picked by Ford, with the company prioritizing potential buyers who could serve as faithful brand ambassadors.

Ford has said it was aware of this particular Ford GT auction, but had no comment to make publicly. Motor Authority reports that Mecum had the sale okayed by a judge first.

So far, the only second-generation Ford GT to sell privately with the automaker’s blessing is one donated by one Ron Pratte to the Evernham Family-Racing for a Reason Foundation, which auctioned the supercar via Barrett-Jackson in order to raise money for charity. That example was shod in Liquid Blue, and ended up going to a high bid of $2.55 million.

Aaron Brzozowski is a writer and motoring enthusiast from Detroit with an affinity for '80s German steel. He is not active on the Twitter these days, but you may send him a courier pigeon.

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  1. Andrew Christian

    Artificially inflating the price and ensuring no one would ever drive or see the car is what Ford was trying to avoid in the first place. People were so upset by the selection process, but this is essentially what you get.


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