Lot C4329: 1966 Ford Mustang Convertible

Based on Classic.com’s comparable sales data for 1965-1966 Ford Mustang Convertible Base Models, here’s what a 1966 Mustang Convertible is worth in today’s market:

Current Market Range: $32,500 – $72,000

Price Breakdown by Condition:

• Project/Driver-quality originals: ~$32,500–$40,000

  • Example: $39,900 dealer asking price (81K miles, Farmingdale, NY)

• Nice driver-quality with originality: ~$45,000–$52,000

  • Examples: $45,995 (33K miles, St. Louis area), $49,000 (59K miles, Florida), $49,966 (1,380 miles, Florida)

• Higher-end restored/show quality: ~$65,000–$72,000

  • Examples: $68,000 (Vero Beach, FL), $71,998 (Volo, IL - extensive restoration, deluxe pony interior, GT trim)

Auction Results:

• Mecum Kissimmee 2026: $36,300 (with 11K miles) and $50,600
• Bring a Trailer: $32,500 (32K miles)

How Our Listing Compares:

The 1966 Mustang Convertible we’re discussing at $49,991 sits squarely in the nice driver-quality range. This pricing makes sense given:

• Recent mechanical refreshing (new carburetor, alternator, battery, steering shaft)
• Highly desirable red exterior / black interior combination
• Original 289 V8 with automatic transmission
• Positioned as a “usable classic” rather than concours restoration

For buyers wanting a turnkey early Mustang convertible they can enjoy immediately, this pricing is competitive with similar cars in the market.

Want to see more comparables? Check out the 1965-1966 Mustang Convertible market page: https://classic.com/m/ford/mustang/1st-gen/1965-1966/base-model/convertible/

Can I help you evaluate any specific aspects of this car, or show you other Mustangs currently available?