Dennis Collins (Gas Monkey Garage) 7 Mile SVO

[grntRUDD13]

http://gasmonkey.speedsociety.com/ch...on/?source=gmg

So there is an SVO for sale from Dennis Collins. He's been on Fast 'n Loud/ Gas Monkey Garage a number of times. I knew of him because of his Jeep parts business. Either way he's selling his Mustang collection that includes a 1985 SVO with 7 original miles. Going to be sold at Barrett Jackson. I don't know much about the car and the listing doesn't have a lot of pictures or information, but still cool.

Here's the Barrett Jackson listing

https://www.barrett-jackson.com/Even...NG-SVO--202158

[bluemax]

Very interested to see how much this car brings.

[MikeFleming]

My prediction: Between $15K and $22K/US.

[bluemax]

I would normally estimate, based on mileage and condition, $17k, but with the BJ factor, I could see up to $22K.

[rodster]

My prediction: Between $15K and $22K/US.

I think $15k, + one 1 way plane ticket, plus expenses to drive it home would be a great deal! Mmmmmm when is the auction?

[Svofrk]

I think it will go for $20k. Does anyone know what day it will be on the auction block. Would love to watch the bidding.

[70b302cat]

I think it will go for $20k. Does anyone know what day it will be on the auction block. Would love to watch the bidding.

Wednesday late afternoon, he has 8 Mustangs at the auction running consecutively. The SVO is the last one in the series.

[Svofrk]

Wednesday late afternoon, he has 8 Mustangs at the auction running consecutively. The SVO is the last one in the series.

Thanks for the info. I will definitely be watching.

[dagenham]

Absolutely need to keep an eye on this one. It will most likely go higher than normal since it is at B/J.
Last year there were two fox bodies that had low mileage like this and IIRC they went for something like $70K! One was a '84 GT350. I don't remember what the second car was.

[Under Pressure]

20K

[rodster]

20K

$20K market value + BJ voodoo = $45K???

[Svofrk]

Wow! Sold for $58k. Lot higher than I expected.

[8T6 SVO]

Wow! Sold for $58k. Lot higher than I expected.

No kidding!!!! A 1985 unit and not a comp prep.

[rodster]

$63,800 with the buyer premium. Crazy.....

[Unclesams_SVO]

Yeah, that was a bad investment by the bidder IMO. For $68k you could own a few really nice foxbodies.

[MikeFleming]

Well, AFAIK that's the high mark for SVO sales. With any luck the rest of the survivors will increase in value also.

[Mike Croke]

I'm going to Barrett Jackson tomorrow (1/20). Looking forward to seeing this car in such original condition.

[majestic]

$64k for ANY SVO is insane, but especially for a plain-jane 1985.

[Mike Croke]

If someone has the money and desire to buy that SVO for $64K, good for them. I'm certainly glad my financial choices aren't subjected to the judgement of the internet.

Further, this isn't a situation where an owner lists a car for an "insane" price and a person "with more money than brains" foolishly purchased it. There was no price listed and multiple people were competing to buy that car. More than one person in that room thought the car worth the money.

Despite the perception. the people at these auctions don't have the money by luck, chance or accident. They have the money to spend because, over the long run, they make good financial decisions. The vast majority are successful small business people.

[Laredo]

If someone has the money and desire to buy that SVO for $64K, good for them...

Completely agree. I have often been stunned by the cash laid out for art pieces, antiques, golf clubs, jewelry, or whatever. But it's their money, and their choice for what they value. As the saying goes, it's "worth" what someone is willing to pay for it. Is there another person willing to drop $60k on an SVO? Maybe not, but at this point the buyer probably doesn't care. I'm happy for him. As for this particular SVO, odds are pretty good at that price it will be well cared for and preserved for many years.