- Somebody just paid $204,000 for a 32-year-old Mustang in near-new condition.
- It also happens to be a rare SVT Cobra model with just 12 miles on the odometer.
- Final price more than doubled during the last 30 minutes of fierce bidding on BaT.
It’s not every day a decades-old Mustang sells for more than a brand-new Porsche 911 Turbo. But in the strange, sometimes hilarious world of collectible cars, anything is possible, including someone dropping crazy money on a Fox body. And if Ford’s new 2026 Mustang FX package is anything to go by, the obsession with retro pony cars isn’t slowing down anytime soon.
Now, Ford’s Fox body Mustang isn’t always lauded as the greatest of the bunch. Despite that, it was the basis for several very important versions of the pony car. One of those, now arguably more special than nearly any that came after, is the SVT Cobra. Why the sudden surge in status? Someone just paid supercar money for one. Turns out, the Fox body glow-up is happening on multiple fronts.
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This is a 1993 Ford Mustang SVT Cobra with just 12 miles on the odometer. On average, that’s about a third of a mile per year since it left the factory, though technically, it’s all delivery mileage, so the car was never actually driven outside of Ford’s own handling.
Yet according to the auction house, the car had already passed through two previous owners, with the most recent acquiring it earlier this year. Now the only question is whether the new owner will finally add to the odometer or just keep preserving it in mint-condition limbo.
A Record-Breaking Price for Fox Body Royalty
Trading hands for a whopping $204,000, this Mustang SVT Cobra is about as good or new as it gets when it comes to Fox body Mustangs. A Cobra R (107 units), even rarer than the SVT (4,993 units), sold for $211,000 in January of last year. That car had 66 miles on it.
This one features Teal metallic paint, Opal grey leather upholstery, and spotless 17-inch alloy wheels. Under the hood is a 4.94-liter V8 that was originally rated to make 235 horsepower (175 kW) and 280 lb-ft (379 Nm) of torque. It sends that power to the rear wheels via a limited-slip differential and a five-speed manual transmission.
When new, this car had an MSRP of $21,578. Adjusted for inflation, that would be like $48,138.46 in today’s money. Kinda wild how expensive cars are today, isn’t it? That barely meets the average transaction price for a new car today.
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Here’s maybe the wildest part of this whole situation. 30 minutes before the final hammer would fall, the bidding was only up to $97,000. In that time, a few different parties put in bids, but from the moment the car went above $125,000, it was down to just two bidders that took it all the way to $204,000.
Clearly, they both wanted it a lot, but one wanted it just a bit more. In the end, someone decided this was the one, and $204,000 later, it’s theirs. Hopefully, the new owner does more than just polish it and take photos. Even a Fox body this clean deserves to feel the road again – at least for mile thirteen.
