It was no secret that by 1987, the Mustang was regaining some of the performance glitter that the badge had lost during The Malaise Era. Power figures were climbing, and ¼-mile ETs were falling. This is part of the reason why the Fox-Body examples are consistent performers in the classic market. This 1987 model lifts that desirability to a higher level courtesy of some critical attributes. It presents exceptionally well, is a GT Convertible, and has a genuine 36,000 miles on the clock. If those thoughts have you wavering, trying to decide whether to pursue it further, the seller’s decision to list it with No Reserve might be the icing on the cake. I must say a big thank you to the appropriately named Barn Finder, Mr.stang, for spotting the GT listed here on eBay in Tacoma, Washington. Sixteen bids have pushed the price to $4,800 with time remaining for interested parties to make a play for this classic.

It almost seemed like Ford was trying to start with a clean slate when it released its Fox-Body Mustang range in 1979. Its predecessor carried styling cues from the iconic First Generation models, and it seemed like the company was trying to sever all ties to create something with a European flair. History shows that this was an isolated incident, with subsequent generations of Ford’s pony car returning to its styling roots. This 1987 GT Convertible is an attractive vehicle wearing Code 1C Black paint. The seller supplies an enormous selection of high-quality photos that show the car in a favorable light. The paint is excellent, the panels are as straight as an arrow, and the comprehensive set of underside shots reveal nothing beyond isolated areas of dry surface corrosion. Those worried about penetrating rust can rest easy because this baby is solid. The plastic isn’t warped or cracked, the power top functions perfectly, and there are no issues with the glass or the original 15″ alloy wheels.

Ford deserves credit for persevering with its 302ci V8 that first appeared under the hood of a Mustang in 1968. The one that found its way between the front wheels of our feature car is a very different beast, with the V8 undergoing running upgrades during its production cycle. This one is the “HO” version, producing 225hp and 300 ft/lbs of torque. The first owner’s decision to team this motor with a four-speed automatic transmission, a Traction-Lok rear end, and power-assisted steering and brakes ensures an effortless driving experience. This GT might not possess the brute performance of cars like the First Generation Boss or Mach 1 in their prime, but it won’t have any trouble keeping pace with city or open-road traffic with the new owner behind the wheel. It appears that the seller’s mileage claim is verifiable and that this classic is in excellent mechanical health. It runs and drives perfectly, allowing the winning bidder to fly in and drive it home.

The Black exterior paint creates a stunning appearance which is heightened by the first owner’s decision to team the shade with Gray leather interior trim. Throw air conditioning, power windows, power locks, power mirrors, cruise control, a tilt wheel, and a premium stereo into the mix, and this classic perfectly combines performance and comfort. The photos reveal slight wear on the outer edge of the driver’s seat that could be addressed cheaply by a leather specialist. The rest of the interior is impressive, especially considering the relatively pale trim and carpet. There are no plastic problems and no visible aftermarket additions.

We are sometimes forced to take a mileage claim for a classic at face value, trying to decide whether the car’s condition is consistent with the stated reading. However, there are no such issues with this 1987 Mustang GT Convertible. The enormous selection of included paperwork traces the GT’s history back to Day One, including Service Records and other documentation confirming the reading beyond doubt. What I find interesting is that despite its condition and the No Reserve factor, it hasn’t generated the level of interest that we might typically expect from a Fox-Body in good condition. One factor worth considering is that the shine has worn off these cars to a certain extent during the past year, with values falling across the board. Do you believe that this is why the response has been subdued, or are there other issues that should be considered?