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Million-Dollar Ponycars: Highest-Priced Mustangs Ever Sold

Vukasin Herbez January 11, 2020

5. 1965 Shelby GT350 R: $990,000

Shelby started building Mustangs in 1965 as fire-breathing machines, bringing Ford some much-needed recognition and performance credentials. But these cars were responsible for Ford’s racing success, too. Sadly, they only built 34 “R” models in 1965, selling them to privateers and racing teams all over America.

Those cars were not street legal because they were purely for racing purposes, something they did exceptionally well. The GT350R had numerous modifications, so it was lighter, faster and sharper than the regular GT350. Each example had numerous wins under its belt. In fact, every R model is a precious piece of Mustang and racing history.

Shelby GT350Rs rarely come up for sale, but when they do, they achieve astronomical prices. That was the case in 2012 when a highly-original GT350R sold for almost $1 million. This car had only 4,900 miles on the clock, and the original transmission and engine. All its essential parts were well-known among Mustang aficionados. They raced it extensively but eventually put it into storage. This helped preserve its original condition, which affected the price.

4. 1967 Shelby GT500 Eleanor Car: $1 Million

Would you pay a cool million for a Mustang? There were times when people would consider it impossible, but the most expensive cars have already exceeded that number. In May 2013, the famous car from the Gone in 60 Seconds remake sold for a million bucks, making history.

They released Gone in 60 Seconds in 2000. Despite an all-star cast, the only real star was the highly modified 1967 Shelby GT500 with the name “E” for Eleanor. Although they used several cars for the shooting, “E” was the “hero car” for close-ups and promotional purposes. After the movie, Eleanor soon became extremely popular.

Lots of companies produced and sold replicas with various drivetrains. Purists protested because they made several Eleanors using the real 1967 Fastback, which many considered blasphemy. Even though this car is almost 20 years old, its appeal is still strong. The lucky owner of the real Eleanor must have thought the same thing.

3. 1967 Shelby GT500 Super Snake: $2.2 Million

Back in 1967, Shelby was a busy man. He was producing Mustangs for Ford while managing racing teams, helping Ford win the Le Mans. Besides all that, he found the time to create several exciting prototypes based on production Shelby Mustangs. One of those cars was the legendary Super Snake.

They produced this GT500 as a rolling laboratory to showcase the Mustang platform, as well as for testing Goodyear’s Thunderbolt tire line. Goodyear was proud to announce their Thunderbolt tires could run at 170 mph, so Shelby built a car capable of that speed. Using a Le Mans-winning race engine, he modified the transmission and suspension, creating the Super Snake.

The Super Snake was the ultimate 170-mph Mustang. Today, 170 mph isn’t uncommon for a top speed. However, back in the late ’60s, most muscle cars struggled to reach 120 mph. The Super Snake debuted in 1967 and broke several production car records with Carroll Shelby himself behind the wheel.

The Super Snake was so successful, there were plans for production. But, when Shelby realized its price would be around $8,000, which was big money for 1967, he killed the project. Shelby knew nobody would buy such an expensive car at the time. Almost 50 years later, in 2019, the one and only Super Snake sold for a record-breaking $2.2 million.

2. Shelby EXP500 Green Hornet: $1.8 Million

When talking about the most expensive Mustangs, it is essential to mention the Green Hornet, even though they never actually sold it. Still, the car received the highest bid of $1.8 million, but that wasn’t enough to buy it. For those who don’t know, the Green Hornet is another experimental Mustang from Shelby’s heyday.

Although it wasn’t the only one, the Green Hornet had the most innovative features. It had a 390 V8 Ford equipped with fuel injection. They also gave it unique disc brakes on all four wheels and an independent rear suspension. With this layout, the Green Hornet was a capable car that handled and stopped better than any other sports car on the market.

Unfortunately, the cost of producing those features was too high. So, Ford and Shelby decided to go with more conventional technology. Ford crushed most other prototypes; however, the Green Hornet managed to survive in the hands of an ex-Ford employee. He restored the car, so it is in perfect condition in the hands of the man who saved it from the crusher.

1. 1968 Ford Mustang GT390 Bullitt: $3.4 Million

One of the biggest Mustang legends ever is the Bullitt movie car. In 1968, the legendary actor Steve McQueen starred in this detective flick, playing a detective who drove a mean-looking 1968 GT390 Fastback. They used two cars during the shooting, but they destroyed one of them. They used the other for close-ups and promotional shoots. McQueen, a racing enthusiast, drove and modified it, preserving it for the future.

They later sold the surviving GT309 car. After several owners, it finally settled on the East Coast of the U.S. For decades, only a few people knew of the car’s whereabouts and the owner refused to sell, even to McQueen himself when he tracked down the vehicle in the late ’70s. Then in 2018, Ford made headlines when it convicted the son of the owner to take the original 1968 GT390 Fastback out of hiding and show the car in public, next to the modern Bullitt Mustang.

Then, in the summer of 2019, the original vehicle once again made headlines when they announced it would be available in the January 2020 Mecum auction. The price of the most valuable Mustang in the world is a staggering $3.4 million dollars, making this rusty ’68 Fastback the record holder in the Mustang world.

These are 20 million-dollar ponycars. They are the highest-priced Mustangs Ford ever sold. Which one was your favorite? If you want one of these cars, you’d better start saving or hope you hit the lottery soon.

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