Misallocation

1987 Ford Mustang Convertible

Sold at Mecum Auctions on Jan. 4, 2024.

$22,000Confirmed

The price as reported by the house. Hammer price $20,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1987
Make and model
Ford Mustang
Generation
Mustang Fox body
Version
Mustang (Fox body)
Gearbox
Manual
VIN
1FABP45E5HF142021
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

Inside the middle half of 15 comparable sales.

Middle half of sales$8,075 to $21,000
Median$13,000
Sales behind it15Likely

From 15 sales of the Ford Mustang (Fox body) (Mustang Fox body) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $8,075 and $21,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1987 Ford MustangMecum, Oct. 24, 2026MecumOct. 24, 2026$7,800
1988 FORD MUSTANG CONVERTIBLEBarrett-Jackson, Jan. 21, 2026Barrett-JacksonJan. 21, 2026$26,000
1988 Ford Mustang ConvertibleMecum, Oct. 29, 2025MecumOct. 29, 2025$13,000
1986 Ford Mustang ConvertibleMecum, May 13, 2026MecumMay 13, 2026$8,350
1986 Ford Mustang ConvertibleMecum, Dec. 5, 2025MecumDec. 5, 2025$7,800
1986 Ford Mustang ConvertibleMecum, April 4, 2025MecumApril 4, 2025$13,000
1990 Ford Mustang CoupeMecum, Jan. 8, 2026MecumJan. 8, 2026$22,000
1989 Ford Mustang ConvertibleMecum, Oct. 31, 2025MecumOct. 31, 2025$26,500