Misallocation

1989 Ford Mustang GT Convertible

Sold at Mecum Auctions on Jan. 15, 2025, offered with no reserve.

$31,900Confirmed

The price as reported by the house. Hammer price $29,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1989
Make and model
Ford Mustang
Generation
Mustang Fox body
Version
Mustang GT
Gearbox
Manual
VIN
1FABP45EXKF216444
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 173 comparable sales, 9% over its top.

Middle half of sales$12,700 to $26,500
Median$18,000
Sales behind it173Likely

From 173 sales of the Ford Mustang GT (Mustang Fox body) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $12,700 and $26,500.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1989 Ford Mustang GT 5.0 Hatchback 5-SpeedBring a Trailer, Oct. 7, 2026Bring a TrailerOct. 7, 2026$21,250
1989 Ford Mustang GT Convertible 5-SpeedBring a Trailer, Aug. 25, 2026Bring a TrailerAug. 25, 2026$4,900
1989 Ford Mustang GT 5.0 Hatchback 5-SpeedBring a Trailer, Aug. 5, 2026Bring a TrailerAug. 5, 2026$26,000
Original-Owner 1989 Ford Mustang GT 5.0 Hatchback 5-SpeedBring a Trailer, Aug. 1, 2026Bring a TrailerAug. 1, 2026$29,000
36-Years-Owned 1989 Ford Mustang GT 5.0 Convertible 5-SpeedBring a Trailer, July 3, 2026Bring a TrailerJuly 3, 2026$27,000
1989 Ford Mustang GT 5.0 Hatchback 5-SpeedBring a Trailer, May 27, 2026Bring a TrailerMay 27, 2026$23,000
1989 Ford Mustang GT 5.0 Hatchback 5-SpeedBring a Trailer, May 26, 2026Bring a TrailerMay 26, 2026$32,000
1989 Ford Mustang GT 5.0 Hatchback 5-SpeedBring a Trailer, May 22, 2026Bring a TrailerMay 22, 2026$20,500