1968 Shelby GT350 Fastback

[ris]

1968 Shelby Black 350 Fastback at Mecum, does anyone know the history of this car? What do you think it is worth?
https://www.mecum.com/lots/SC0520-415010/1968-shelby-gt350-fastback/

[Bigfoot]

Looks beautiful but automatics are low man on the Totem pole. The Black helps.

[8T03S1425]

According to the listing, it's 1 of 21 in this color combination. I presume that's for GT350 only. Perhaps if you get the VIN we can provide some meaningful information.

I'm with Bigfoot. Add A/C to the mix and I think that's another plus.

What are you looking for? Concours correct show car? A car that you can make into a concours show car? A fun caffeine and octane driver?

Based on what you see, what are your feelings on value, or worth, of this car?

[shelbymann1970]

Looks beautiful but automatics are low man on the Totem pole. The Black helps.

+1.

[KR Convertible]

Could be a Hertz car with that configuration.

[Royce Peterson]

It's worth maybe $65K as an automatic, best case.

A four speed might go over $70K.

Good reference based on facts, not fantasy: http://www.thecoralsnake.com/guide

[557]

Sure looks dope in black....

[Coralsnake]

https://www.hessautoagency.com/vdp/16106018/Used-1968-Ford-Shelby-Cobra-GT350-for-sale-in-Quincy-IL-62301?mode=photos

$90 k was the previous ask

[8T03S1425]

I think that Bigfoot's and Pete's answers were the best answers to this OP's questions. I also liked Royce's citing of the Coralsnake web site, as the website provides a price range and a place where the OP could learn a thing or two about these cars and why one would have more value than another.

[Royce Peterson]

Let's say you sell that car at Mecum. If Mecum got $100K all - in hammer price, Mecum would collect the listing fee and a 10% buyers premium from you. Mecum would collect 15% sellers fee on the other end.

You would also be out transportation, lodging, and whatever it cost to get the car there.  If you wanted a reserve (I would!!!!) there is another fee for that. Just think what you could spend if it didn't sell.

I don't know about you guys but I would rather put it on eBay for $60 and then haggle with potential buyers either in front of the car or on the phone.

[Shelby_r_b]

Let's say you sell that car at Mecum. If Mecum got $100K all - in hammer price, Mecum would collect the listing fee and a 10% buyers premium from you. Mecum would collect 15% sellers fee on the other end.

You would also be out transportation, lodging, and whatever it cost to get the car there.  If you wanted a reserve (I would!!!!) there is another fee for that. Just think what you could spend if it didn't sell.

I don't know about you guys but I would rather put it on eBay for $60 and then haggle with potential buyers either in front of the car or on the phone.

Hey Royce - I think there is some confusion, regarding fees at Mecum (I have no vested interest, BTW )

Typical Mecum Fees:

- Listing Fee (depends on what auction, day and time of day that the car goes across) - $350 to $1,500
- *Seller Fees - 10% if the car has a reserve, 5% if it does not have a reserve
- *Buyer Fees - 10% if done in person, and 12% if done via phone / internet

*Both the seller and buyer fees could be negotiated on the block on reserve cars (this happens most times on the selling side, as Mecum is working to get the reserve off to ensure a sale).  Also, the "Bid Goes On" desk (if car does not meet the reserve) is a whole other deal.  Mecum will sometimes move on both ends to get the deal done.

Hope this helps!

[Royce Peterson]

Right, I didn't read the agreement from front to back. But you illustrate my point very well - Mecum gets a pile of money from every car that crosses the block.

Let's say you sell that car at Mecum. If Mecum got $100K all - in hammer price, Mecum would collect the listing fee and a 10% buyers premium from you. Mecum would collect 15% sellers fee on the other end.

You would also be out transportation, lodging, and whatever it cost to get the car there.  If you wanted a reserve (I would!!!!) there is another fee for that. Just think what you could spend if it didn't sell.

I don't know about you guys but I would rather put it on eBay for $60 and then haggle with potential buyers either in front of the car or on the phone.

Hey Royce - I think there is some confusion, regarding fees at Mecum (I have no vested interest, BTW )

Typical Mecum Fees:

- Listing Fee (depends on what auction, day and time of day that the car goes across) - $350 to $1,500
- *Seller Fees - 10% if the car has a reserve, 5% if it does not have a reserve
- *Buyer Fees - 10% if done in person, and 12% if done via phone / internet

*Both the seller and buyer fees could be negotiated on the block on reserve cars (this happens most times on the selling side, as Mecum is working to get the reserve off to ensure a sale).  Also, the "Bid Goes On" desk (if car does not meet the reserve) is a whole other deal.  Mecum will sometimes move on both ends to get the deal done.

Hope this helps!

[Rukiddin]

Yep,even the small/local auction has 15% buyers premium,AND 15%-20% sellers fee. That is for average ,non-auto type sale. Pretty good return on investment! Check your local auction results for toys,or guns.........pretty amazing.

[Shelby_r_b]

Right, I didn't read the agreement from front to back. But you illustrate my point very well - Mecum gets a pile of money from every car that crosses the block.

Let's say you sell that car at Mecum. If Mecum got $100K all - in hammer price, Mecum would collect the listing fee and a 10% buyers premium from you. Mecum would collect 15% sellers fee on the other end.

You would also be out transportation, lodging, and whatever it cost to get the car there.  If you wanted a reserve (I would!!!!) there is another fee for that. Just think what you could spend if it didn't sell.

I don't know about you guys but I would rather put it on eBay for $60 and then haggle with potential buyers either in front of the car or on the phone.

Hey Royce - I think there is some confusion, regarding fees at Mecum (I have no vested interest, BTW )

Typical Mecum Fees:

- Listing Fee (depends on what auction, day and time of day that the car goes across) - $350 to $1,500
- *Seller Fees - 10% if the car has a reserve, 5% if it does not have a reserve
- *Buyer Fees - 10% if done in person, and 12% if done via phone / internet

*Both the seller and buyer fees could be negotiated on the block on reserve cars (this happens most times on the selling side, as Mecum is working to get the reserve off to ensure a sale).  Also, the "Bid Goes On" desk (if car does not meet the reserve) is a whole other deal.  Mecum will sometimes move on both ends to get the deal done.

Hope this helps!

Agreed!  Mecum certainly doesn't do this work for free.   

I will say, with a national auction such as Mecum, it is possible (again, no vested interest, just experience) to net more money (at times) for your car than through another venue. 

There was a certain "Shelby" that went through Mecum Kissimmee this past January (not mine) that went for ridiculous money (3 to 4 times what most thought).  Even the owner had said that he was told the car was worth 1/4 of what he netted.

Advertising coupled with a large venue of bidders can equate to more money...sometime not.