The Bullitt Mustang has sold for $3.4 million — $3.74 million including buyers fees — at a Mecum Auction in Kissimmee, Fla.
A growing army of hot rodders is cannibalizing crashed electric cars and turning them into custom vehicles with electric power trains.
The auction was not your typical sale in an additional way: The unrestored Mustang was offered at no reserve. Typically, cars of million-dollar caliber are offered with a minimum amount required to sell — or if no buyers meet that amount, owners can retain their ownership. But Kiernan said he wanted to ensure that the car would sell the first time around, because he couldn’t face the prospect of repeating the heavy emotions of selling — or not selling — his late father’s prized possession.
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