Misallocation

1968 Ford Mustang Cobra Jet Fastback

Sold at Mecum Auctions on Jan. 17, 2025, offered with no reserve.

$126,500Confirmed

The price as reported by the house. Hammer price $115,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1968
Make and model
Ford Mustang
Generation
Mustang first generation
Version
Mustang 428 Cobra Jet
Gearbox
Manual
Chassis
8R02S117414
Condition
Good (3)Likely

Condition is our reading of the listing's description on Hagerty's 1 to 4 scale, not an inspection.

Against comparable sales

Above the middle half of 34 comparable sales, 10% over its top.

Middle half of sales$75,446 to $105,000
Median$95,000
Sales behind it34Likely

From 34 sales of the Ford Mustang 428 Cobra Jet (Mustang first generation) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $75,446 and $105,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1968 Ford Mustang Fastback Cobra Jet “135” 4-SpeedBring a Trailer, Oct. 29, 2025Bring a TrailerOct. 29, 2025$105,000
1969 FORD MUSTANG MACH 1 428 CJBarrett-Jackson, Sept. 12, 2026Barrett-JacksonSept. 12, 2026$90,000
1969 FORD MUSTANG MACH 1 428 CJBarrett-Jackson, June 27, 2026Barrett-JacksonJune 27, 2026$210,000
1969 Ford Mustang Mach 1 428 Cobra JetCars & Bids, June 8, 2026Cars & BidsJune 8, 2026$84,000
1969 Ford Mustang Mach 1 428 Cobra JetCars & Bids, May 30, 2026Cars & BidsMay 30, 2026$95,000
1969 Ford Mustang Mach 1 428 Cobra Jet 5-SpeedBring a Trailer, May 27, 2026Bring a TrailerMay 27, 2026$126,000
25-Years-Owned 1969 Ford Mustang Mach 1 428 Cobra Jet 4-SpeedBring a Trailer, May 2, 2026Bring a TrailerMay 2, 2026$75,428
1969 Ford Mustang Mach 1 428 Cobra Jet 4-SpeedBring a Trailer, Feb. 17, 2026Bring a TrailerFeb. 17, 2026$108,000