With only 1000 to go around, Ford was quite selective in who was able to buy a new GT, and it made owners sign an agreement to keep their cars for two years before selling. That hasn't prevented some GTs from hitting the market, though. Over the weekend, Mecum auctioned GT #048 for an astounding $1,815,000, and it's generating some controversy.
, Mecum CEO Dana Mecum to sell the GT before it crossed the block.
"A judge did rule in Mecum's favor that we can sell this car, and if Ford wanted it back, they were welcome to come here and bid on it," Mecum said. "We had some people worried that there would be repercussions—there are no repercussions with this car. It was contested in court.
"You bid on it, you buy it, it's yours. This is America. You can buy and sell what you want."
We reached out to Mecum for more information on the court case, but haven't yet received a response. A Ford spokesperson told us "we do not comment on individual customer or legal matters, but can say that all buyers sign agreements to maintain ownership of new Ford GTs for 24 months."
Ford sued wrestler John Cena late last year for flipping his GT just weeks after he took delivery. A few months later, Cena claimed there was no language in his final contract with Ford preventing him from selling the GT within the first 24 months of his ownership. He asked the judge to throw out the case.
While it's unclear how much profit Cena made on his GT, the seller of #048 seems to have done very well. The base price of the 2017 GT was $450,000, though with options, final sale prices hovered closer to the half-million dollar mark.
Earlier this year, Ford for charity. It was sold at a Barrett-Jackson auction for $2.5 million, with proceeds going to the Autism Society of North Carolina.