A 1968 Ford Mustang GT named "Bullitt," from iconic 1968 film and driven by actor Steve McQueen was sold Friday at a Florida auction Mecum Kissimmee house for $3.74 million.
The car was auctioned without a reserve, or minimum sale price. One of the most famed cars from American cinema, it was the most expensive Mustang ever sold. After filming, the Mustang was sold to a Warner Brothers employee, and later to a New Jersey police detective. He in turn sold it for $6,000 in 1974 to Robert Kiernan of Madison, New Jersey. “This car had sold twice in its life, it’s been in my family for 45 years. Each time it has sold, it was $3,500,” the latest owner Sean Kiernan said before the bidding started. The New Jersey family used it as a daily commuter until 1980. In the late 1970s, Steve McQueen, who played the title character in “Bullitt,” tracked down the Kiernans and asked if he could reclaim the muscle car in return for a similar Mustang. His pleas went unanswered.
At the Friday auction, bidding surpassed $3 million in the first minute. A mystery buyer on the phone won. Historically, the Mustang debuted in 1964 with a price of $2,368, with estimated annual sales of 100K. First year sales were over 400K units and one million within two years.