People surround the 1968 "Bullitt" Mustang GT car.
The Highland Green 1968 Ford Mustang GT featured in the film "Bullitt" was sold Friday at a Florida auction house for $3.74 million.
The sale at Mecum Kissimmee marks the most expensive Mustang ever sold, surpassing a 1967 Shelby GT500 Super Snake that sold last year for $2.2 million, the Orlando Sentinel reported.
Owner Sean Kiernan, with his sister Kelly Cotton riding shotgun, drove the car across the auction block at Silver Spurs Arena and then addressed a crowd of about 25,000 before the bidding started.
"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,” Kiernan said. "So we’re going to start it off at that price and go from there.”
The auction house posted an 11-minute video of the auction on YouTube.
Bidding surpassed $3 million in the first minute. The top bid went back and forth between someone present and a bidder on the phone for several minutes before the mystery buyer on the phone won, agreeing to pay $3.4 million plus a 10 percent buyer’s premium.
Kiernan's father, Robert, bought the car after seeing an ad in a 1974 issue of "Road & Track.”
The New Jersey family used it as a daily commuter until the clutch gave out in 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.
Robert and Sean Kiernan began working on the Mustang in 2001. After Robert Kiernan’s death in 2014, Sean Kiernan finished the car and revealed it to the world. Following the car's sale, Sean Kiernan said he doesn’t think a more expensive Mustang will ever be sold.
"As far as Mustangs go, this is it. With dad being down in the record books forever, that’s what matters to me,” he said. "I’ve been at peace with the sale for probably eight months now. We’re just having fun with this.”
A collection of luxury cars confiscated by Geneva authorities from a son of the president of Equatorial Guinea is estimated to fetch 18.5 million Swiss francs ($18.67 million) this weekend, Bonhams auction house said on Friday.
Intelligent cars have been a part of our culture since the 1980s starting with the Knight Rider’s “Kitt”, a car probably far more intelligent than its driver. The Batmobile is always on call for Batman and with a push of a button it would locate him and drive there.
A new world record for a pair of sneakers was set at auction on Tuesday when an avid collector splashed out $437,500 on Nike's 1972 "Moon Shoe," Sotheby's said.
Guillon said Cardinale's wardrobe shows how society changed during her time at the top, going from "rather sober evening dresses to a pyjama number emblematic of the new more relaxed lifestyle and the even freer dresses of the 1970s."
Rated as the world’s 7th best water park by TripAdvisor, Pearl Kingdom has added several new features to its list during the renovation, including a new F & B café.
Obama had promised his young daughters Malia and Sasha that they could get a dog after the 2008 election, and Bo joined the family soon after they moved into the president's official residence.
It is unclear what killed Neanderthals off, although theories include an inability to adapt to climate change and increased competition from modern humans.
Used as a spice and medicinal herb in the Indian subcontinent for thousands of years, turmeric has antioxidant and anti-inflammatory properties that can relieve gastric problems, and even protect against certain forms of cancer among other illnesses.