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roket

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2024 Ford Mustang Dark Horse
on 1/27/24, the first Dark Horse built was sold at Barrett Jackson for $350,000. Ford is going to be donating 100% of that to JDRF, a Type-1 diabetes charity. it's nearly fully optioned, just missing the 10-speed auto and carbon fiber wheels. 700A in Blue Ember with the appearance pack, recaros, handling pack, painted stripes, all-weather floor mats, and an MSRP just shy of $79,000

https://www.barrett-jackson.com/Events/Event/Details/2024-FORD-MUSTANG-DARK-HORSE-VIN-001-275377
Sponsored

 

Trap

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Not sure I could justify that much for it, but sure am glad that Ford Donates it and the buyers probably way overpay for it for the sake of charity. Someone will have a special collectable. Good to see it bring that much
 
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roket

roket

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2024 Ford Mustang Dark Horse


Darkness24

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2011 Mustang Gt Ordered 2024 Dark Horse Premium
2021 Mach 1 brought 500K...diminishing returns
The 2024 Mustang Gt went for 565K. These rich people charity bids are just that, they are not a reflection of what the cars are actually worth it's a tax write-off & a possible investment. It's only diminishing return if when the car is sold, they get less $$$ for it. The VIN 1 Dark Horse was well bought & could bring more profit in the future because of that.
 

Skye

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Attached is the IRS reference.

"Donors who purchase items at a charity auction may claim a charitable contribution deduction for the excess of the purchase price paid for an item over its fair market value. The donor must be able to show, however, that he or she knew that the value of the item was less than the amount paid."

MSRP for the car was $79,000; in the eyes of the IRS, this is what they paid for VIN 001. The difference, $271,000, is an amount they can now deduct from their taxes, either all at once or spread out over time.

https://www.irs.gov/charities-non-profits/charitable-organizations/charity-auctions#:~:text=Donors who purchase items at,less than the amount paid.
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