‘OLDEST’ MUSTANG FLOPS AT AUCTION
Prototype fails to reach its $500k reserve at American auction
Abase model 1964 Ford Mustang failed to raise its reserve price of $500,000 (£384,150) at auction in Indianapolis, USA, on 20 May. The top bid of $300,000 (£230,430) wasn’t accepted.
The car is the first hard-top Mustang to be allocated a Vehicle Identification Number ( VIN 5F07U100002) and is said to be the oldest survivor. It has Caspian Blue paintwork, a Ford Fairlane threespeed manual gearbox, a 170 cubicinch inline-six-cylinder engine and a Ford Ranchero axle.
Seller Bob Fria has owned the car since 1997 – he’s a worldwide authority on the marque and author of the book Mustang Genesis. He is the car’s 14th owner and fully restored it over two years.
Bob hasn’t been able to establish whether this was the second Mustang to leave the assembly line because the cars weren’t assembled in the order of their VIN numbers – number 100001 was a convertible and resides in Ford’s museum. Both cars were among the pre-production Mustangs built for a pilot project to test production techniques.
A spokesperson for Mecum, the auctioneer that offered the car for sale, says: ‘There is only one “first.” This Mustang goes down in pony-car history as the first Mustang hard-top to receive a serial number.’
Prototype Mustang is sparse, with an AM radio, reversing lights, whitewall tyres and not much else. It also has a straight gearstick rather than the usual angled type.