This was the best-sold car at Mecum Auctions’ sale in Chicago, with the Mustang Boss 429 Fastback one of just 499 cars produced for the 1970 model year.
While it will soon turn 50, there are just 25,000 original miles (40,233 kilometers) on the odometer, with a desirable “concours restoration” to make the $245,000 price tag worthwhile. The car came with a Grabber Blue exterior and a white interior cabin – and features original and NOS parts used during the restoration process, as well as a Drag Pack and four-speed transmission hooked to the original 375-hp Boss 429 engine.
Mecum Auctions’ event also had another 434 cars go under the hammer in the Windy City where total sales reached $10.5 million. The top ten includes in second place a 1967 Chevrolet Corvette Convertible at $123,000; followed by a 1988 Porsche 911 Turbo Cabriolet at $100,000; 2004 Rolls-Royce Phantom at $90,000; 1956 Chevrolet Nomad Resto Mod at $85,500; 1957 Ford Thunderbird E-Code at $85,000; 1970 Dodge Hemi Challenger R/T at $80,000; 1968 Shelby GT500KR Fastback at $77,000; 1968 Ford Mustang Convertible at $70,000 and a 1966 Shelby GT350H Fastback at $137,500. It appears that classic Mustangs are in high demand, while the new one has been going down as of late – maybe due to the lower incentives Ford has been offering lately.