Last weekend, three 2017 model year Ford GT supercars were sold at auctions in Arizona for an average of $1.2 million apiece, more than double the base sticker price of $450,000.
Normally, three-year-old used cars drop substantially in value. But last weekend, three 2017 model year Ford GT supercars were sold at auctions in Arizona for an average of $1.2 million apiece, more than double the base sticker price of $450,000.
On Saturday, one Ford GT was sold at an auction by RM Sotheby's for $923,500, while two cars were sold by Barrett-Jackson for $1.2 million and $1.5 million. Why would anyone pay more than triple the sticker price for an almost new car that's still in production? It's not just about the car itself, although the Ford GT's looks and performance are impressive. It's also about how the car is sold and who gets the chance to buy one.
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