What's the value of a fully restored 1966 Ford Mustang Convertible?

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Accepted Answer

Based on my research of current market data, here's what you can expect for a fully restored 1966 Ford Mustang Convertible:

**Value Range:**
- **Driver-quality restorations**: $45,000 - $65,000
- **High-quality restorations**: $65,000 - $80,000  
- **Concours/show-quality restorations**: $80,000 - $120,000

**Key factors affecting value:**
- **Engine type**: V8 models (especially 289ci) command higher prices than the inline-6 (200ci T-Code)
- **Transmission**: Manual transmissions typically add value over automatics
- **Restoration quality**: Factory-correct, numbers-matching restorations bring premium prices
- **Documentation**: Original paperwork, build sheets, and restoration photos increase value

**Market context:**
The 1966 Mustang Convertible we're currently looking at (with custom conservation status and inline-6 engine) is priced at $59,500, which falls in the middle range for driver-quality restorations.

For comparison, recent auction results show:
- Restored examples selling in the $45,000-$57,000 range
- High-end restorations reaching $80,000+
- The $200,000 Revology example is a modern reproduction, not a factory restoration

**Bottom line**: A properly restored 1966 Mustang Convertible with the 289 V8 and manual transmission in excellent condition should fetch $70,000-$90,000, while inline-6 models typically range $45,000-$70,000 depending on restoration quality.

Would you like me to help you find specific restored examples currently for sale, or do you have questions about what to look for in a restoration?

Lot 22850: 1966 Ford Mustang Convertible

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Lot 22850: 1966 Ford Mustang Convertible

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