Misallocation

1988 Ford Mustang LX Convertible

Sold at Mecum Auctions on Jan. 7, 2025.

$11,000Confirmed

The price as reported by the house. Hammer price $10,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1988
Make and model
Ford Mustang
Generation
Mustang Fox body
Version
Mustang LX 5.0
Gearbox
Automatic
VIN
1FABP44E8JF130923
Condition
Good (3)Likely

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

This car's full record

Against comparable sales

Below the middle half of 166 comparable sales, 40% under its bottom.

Middle half of sales$14,000 to $27,250
Median$19,222
Sales behind it166Likely

From 166 sales of the Ford Mustang LX 5.0 (Mustang Fox body) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $14,000 and $27,250.

Closest sales

Closest comparable sales
CarAuctionDatePrice
331-Powered 1988 Ford Mustang LX NotchbackBring a Trailer, Aug. 16, 2026Bring a TrailerAug. 16, 2026$6,900
1988 FORD MUSTANG LX CONVERTIBLEBarrett-Jackson, June 25, 2026Barrett-JacksonJune 25, 2026$16,500
1988 Ford Mustang LX HatchbackBring a Trailer, Dec. 27, 2025Bring a TrailerDec. 27, 2025$4,755
1988 Ford Mustang LX ConvertibleMecum, Jan. 14, 2025MecumJan. 14, 2025$12,000
1988 Ford Mustang LX Convertible 5-SpeedBring a Trailer, Sept. 5, 2026Bring a TrailerSept. 5, 2026$10,750
1988 Ford Mustang LX 5.0 Notchback 5-SpeedBring a Trailer, Sept. 2, 2026Bring a TrailerSept. 2, 2026$17,750
Coyote-Powered 1988 Ford Mustang LX 6-SpeedBring a Trailer, July 29, 2026Bring a TrailerJuly 29, 2026$40,000
1988 Ford Mustang LX 5.0 Hatchback 5-SpeedBring a Trailer, July 17, 2026Bring a TrailerJuly 17, 2026$29,250

This car's historyConfirmed

Matched across sales by VIN.

DateWhat happenedWhereMilesPrice
Jan. 7, 2025Sold (this sale)MecumMecum$11,000
Nov. 1, 2026ListedHemmingsHemmings$18,500 asked