New Ford GT to be auctioned this week even though it shouldn’t be

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A 2017 Ford GT with just 11 kilometres on the odometer will cross the Mecum auction block in Indianapolis this weekend, despite the fact the supercar is widely known to have come with a clause in its ownership agreement preventing the buyer from selling it for 24 months after purchase.

Ford GT buyer John Cena was famously sued by the automaker recently for violating the clause and selling his example after just a few months of ownership. But in the ensuing lawsuit, Cena sought to prove the clause actually didn’t exist anywhere in his contract.

The seller of this Ingot Silver GT, number 48 of 250 built in 2017, may be trying to put that to the test with this (maybe technically illegal?) auction, hosted by well-known firm Mecum Auctions on May 19.

“We are aware of this situation and [are] looking into it, however Ford does not comment on individual customer matters,” a spokesperson told Motor Authority when asked about the sale. “What we can say is that all Ford GT customers sign contracts, which include an agreement not to sell the car for at least two years.”

The base price of a new Ford GT is about $450,000 before options, but prospective owners had to be selected by the automaker itself before they were given the option to purchase. The limited production run of 450 cars meant thousands of interested buyers were shut out of getting their hands on one.

The sale this weekend, the first of its kind, will help gauge the demand for, and value of, this highly exclusive modern supercar. 

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