Misallocation

1977 Ford Mustang II Cobra

Sold at Mecum Auctions on Oct. 13, 2023.

$12,650Confirmed

The price as reported by the house. Hammer price $11,500, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1977
Make and model
Ford Mustang
Generation
Mustang II
Version
Mustang II
Gearbox
Automatic
Chassis
8F03F408864
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 12 comparable sales, 20% under its bottom.

Middle half of sales$13,813 to $31,250
Median$23,000
Sales behind it12Likely

From 12 sales of the Ford Mustang II in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $13,813 and $31,250. Includes results matched by make, model years and the model's name in the title, which our catalogue has not placed.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1978 Ford Mustang II CobraMecum, May 15, 2026MecumMay 15, 2026$46,000
1978 Ford Mustang II 302 5-SpeedBring a Trailer, Aug. 31, 2025Bring a TrailerAug. 31, 2025$11,000
1978 Ford Mustang II Cobra IIBring a Trailer, July 3, 2026Bring a TrailerJuly 3, 2026$26,000
1977 Ford Mustang II Ghia 302Bring a Trailer, Dec. 19, 2025Bring a TrailerDec. 19, 2025$14,000
1978 Ford Mustang II King CobraMecum, Sept. 24, 2026MecumSept. 24, 2026$31,000
1978 Ford Mustang II King Cobra 4-SpeedBring a Trailer, July 16, 2026Bring a TrailerJuly 16, 2026$35,000
Eleanor-Style 1978 Ford Mustang II King Cobra 5-SpeedBring a Trailer, May 15, 2026Bring a TrailerMay 15, 2026$26,500
Fuel-Injected 2.9L-Powered 1978 Ford Mustang II Mach 1 4-SpeedBring a Trailer, March 1, 2026Bring a TrailerMarch 1, 2026$10,750

This car's historyLikely

Matched across sales by chassis number.

DateWhat happenedWhereMilesPrice
Oct. 13, 2023Sold (this sale)MecumMecum$12,650
Jan. 10, 2024SoldMecumMecum$13,200