Misallocation

1987 Ford Mustang GT Convertible

Sold at Mecum Auctions on Oct. 22, 2026, offered with no reserve.

$11,000Confirmed

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

The car

Year
1987
Make and model
Ford Mustang
Generation
Mustang Fox body
Version
Mustang GT
Gearbox
Manual

This car's full record

Against comparable sales

Below the middle half of 173 comparable sales, 27% under its bottom.

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
1987 Ford Mustang GT ConvertibleMecum, Oct. 24, 2026MecumOct. 24, 2026$10,000
1987 Ford Mustang GTMecum, Sept. 26, 2026MecumSept. 26, 2026$40,000
1987 Ford Mustang GT 5.0 Convertible 5-SpeedBring a Trailer, Sept. 24, 2026Bring a TrailerSept. 24, 2026$14,027
1987 Ford Mustang GT 5.0 Hatchback 5-SpeedBring a Trailer, June 15, 2026Bring a TrailerJune 15, 2026$32,000
1987 Ford Mustang GT 5.0 Hatchback 5-SpeedBring a Trailer, May 13, 2026Bring a TrailerMay 13, 2026$16,000
1987 Ford Mustang GT 5.0 Convertible 5-SpeedBring a Trailer, April 6, 2026Bring a TrailerApril 6, 2026$29,000
1987 Ford Mustang GT ConvertibleMecum, Oct. 4, 2025MecumOct. 4, 2025$17,000
1987 Ford Mustang GT ConvertibleMecum, July 10, 2025MecumJuly 10, 2025$25,000

This car's historyConfirmed

Matched across sales by VIN.

DateWhat happenedWhereMilesPrice
Sept. 24, 2026SoldBring a TrailerBring a Trailer$14,027
Oct. 22, 2026Sold (this sale)MecumMecum$11,000