No Reserve? 1967 Ford Mustang Fastback

Update 2/4/20 – Well, it looks like there was actually a reserve on this one. The seller just didn’t tell anyone. After getting bid up to $22,500, this Mustang has reappeared here on eBay with bin price of $24,000. Hmm…

From 1/24/20 – There are plenty of people who will argue that the Fastback was the best looking of the 1st Generation Mustangs, and when you look at this 1967 model, it is easy to see why they make this claim. Even though it exhibits all of the signs of a Mustang with many of the typical rust problems of the era, it still looks very attractive. It deserves to have someone who is willing to return it to its former glory, and it would seem that there are plenty of people who are willing to put up their hand and to take this one on. Located in Des Moines, Iowa, you will find the Mustang listed for sale here on eBay. It would be fair to say that bidding on the Mustang has been pretty lively, with a total of 45 bids pushing the price along to $22,500. At that price, the reserve has been met. In addition, there also 173 people who are currently watching the listing.

At first glance, the Candy Apple Red Mustang doesn’t look too bad, but when we start to examine it closely, it becomes apparent that it is suffering from many of the typical rust issues that could plague these classics. There is rust visible in the lower rear quarter panels, the rockers, lower corners of the doors, and lower fenders. Having said that, none of this looks to be particularly bad, and I believe that the majority of those issues could be addressed with patches, rather than the wholesale replacement of panels. It is a bit hard to see the state of the floors, but there is definitely rust present there. At a minimum, there is some significant rust in the front floors, and I feel that this will be beyond simple patching. Given the fact that this is in the area where the floors join the rockers, there’s probably a pretty decent chance that this will have impacted the torque boxes as well. In fact, if you look around certain aspects of the car, there is evidence that it has spent some time in a pretty damp environment because some of the surface corrosion that is present is actually quite heavy. It also looks like there might be some rust visible in the rear frame rails, so this is a car that will almost certainly need some pretty decent levels of metalwork underneath. All of the external trim and chrome appears to be present, and it, along with the glass, looks to be in pretty reasonable condition.

The Red interior of the Mustang is essentially complete, but it will also require full restoration. The fold-down rear seat doesn’t look that bad, but a full interior trim kit will be required if this Mustang is going to look presentable once again. One plus is that the owner does state that a new red dash is included in the sale. The original radio has been replaced by a radio/cassette player, but otherwise, the interior does look to be original. My greatest concern revolves around the high level of corrosion on the steering wheel spokes. That is one of the indicators that I was referring to when I talked about signs of a damp environment. That level of corrosion must raise some questions about the state of items such as electrical connectors and other components under the dash. The only way to be sure that all is well will be to essentially remove the entire wiring harness and check every single connector and relay. It is going to be a time-consuming task, but finding and fixing any faults at that point would be a lot better than trying to trace an irritating fault that develops further down the track.

While it might not have been the most potent vehicle on the block, this Mustang does offer a potentially nice mechanical combination to its next owner. Nestled between the shock towers is a C-Code 289ci V8, while the car also features a 3-speed automatic transmission, power steering, and power brakes. The Mustang doesn’t run, and judging by the text in the description, it hasn’t run for quite some time. The owner states that he has made no attempt to coax the vehicle back to life, but he also doesn’t indicate whether the engine even turns freely. One thing that I will say is that I’m not sure just how standard the engine is because apart from the obvious dress-up items that it wears, I can also spot a set of aftermarket headers, while the exhausts are side-exit, rather than finding their way to the back of the vehicle. That is something that would certainly be worth investigating further, and that sort of information could be invaluable before any attempts are made to kick the little V8 back into life.

This Mustang Fastback is not the most solid project car that we’ve seen here at Barn Finds, but it also a long way from being the rustiest. It is a car that has generated plenty of interest since being listed for sale, as evidenced by the solid bidding up to this point. With that in mind, I would be interested in knowing whether we have any readers who are willing to join the bidding war.

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  1. Keith

    Wow! , All of sudden we are seeing 67/68 fastbacks for sale…….Why is that? Uhmmmmmmm recent Bullitt auction? Can’t say I blame them though….

    Like 10
    • Steve R

      There are usually 3-4 featured every week on this site for several years. It’s nothing new.

      Steve R

      Like 11
      • Ken

        Actually, there aren’t that many. But there are at least nine Chevelles a week featured here. This site is at least 60 percent Chevys.

    • Chris M.

      Ken, that’s not really an accurate assessment. There’s a pretty wide variety of vehicles discussed here. Can you substantiate your “60%” claim with any level of fact?

  2. stillrunners stillrunners Member

    Funny….what my dad held on to as he bought and sold Mustangs after his military retirement in 1975. He had kept all the one-owner fastbacks from every year and he was a stout 6ft 5 guy…..I struggle to get in a 2+2 at 5ft 10……..this looks like a nice one in the right colors…..disk brake most likely saved it from a few mishap’s….

    Like 3
  3. seth johns

    A 1967 M’stang is a 2nd gen., ain’t it?

    My second car was a nice, new British racing green notchback 4 speed 289.

    Like 9
    • David Ulrey

      I love these and have loved them since I was 15. But those bids for this, really????

      Like 5
    • Mikey8

      I was going to say the same thing! 2nd generation? Maybe?

      Like 1
    • Mike H. Mike H. Member

      Second generation? No. . .

      The Ford Mustang was based on the Ford Falcon and was built pretty much the same from April of 1964 (1965 model year) through the end of the 1973 model and introduction of the Mustang II in 1974 (Mustang II = second generation Mustang). While the Mustang went through 2-year body style changes (1965-66, 1967-68, 1969-70, and 1971-73), they were all still considered “First Generation” cars.

      Like 7
  4. Skippy

    Don’t flame me for this….I just wish I could figure this out. I am always amazed at how the collector car market sometimes completely ignores the concept of supply and demand…and personal nostalgia, combined maybe with clever marketing, rules. It is really a nostalgia car market. Old mustangs are a great example. 2.3 MILLION Mustangs were produced between 1964 and 1969. (1 for every current resident of the city of greater Houston) There were 472,000 mustangs built in 1967 (enough for every current resident of metro Miami) and over 70,000 of them were fastbacks. 70,000! Were they great cars? Well, they were good cars, but great? So here is one that is as dusty and dirty as they come but with possibly little rust, with an unknown V8 engine, some visible suspension mods and an overall look that needs paint, an interior including dash (it is an automatic…), an engine rebuild and all new suspension to be a reliable driver. Current bid price? $21,500. $21,500??? Seriously? Add another $20k and you will have a pretty nice car…so let’s say $35-40k, all in. And if you go to eBay, search for and click on “completed listings” there are a handful of really nice fastbacks that have sold for that kind of money so the math seems to work. Heck, you can even build a brand new one of these from scratch using a pristine reproduction body and panels for, what, about $55-60k? There are about as many of these as there are of any car ever built. So…by most standards, this is not a true collector car….but the prices still keep going up. A few years ago, and I mean just a few years ago, this car would not have brought more than $5k. Now these cars bring as much as many Porsches. Now…I am as guilty as the next guy when it comes to nostalgia buys. But my collection has a bunch of pretty rare german performance cars (2-12k of all examples of the model produced for the entire multi-year production run) that I know will appreciate, partially because they are rare and partially because they are great driving cars. And yes, I totally get the urge to restore cars, as that is what I do with mine, but why THIS car? $20k will buy so much and $40k could buy something pretty amazing. What am I missing here?

    Like 14
    • Steve

      Emotional connection. You are missing emotional connection, and brand equity. I’m a quantitatively oriented guy myself, but you can’t argue numbers for goods that are experienced qualitatively: cars, booze, golf clubs/sports gear, clothes, homes, watches. If you have a career in marketing, and you are fortunate enough to work in one of those or similar categories (like I have), you manage consumers emotional product experience.

      Like 3
    • Mike H. Mike H. Member

      The other part that you might be missing is attrition. Sure, they built a lot of them, but VW also built a lot of Beetles every year through the end of the run in 1976 (I am not including the Mexican built “Fusca” that was produced through the early 2000’s), and the values of both Ford’s Mustang and VW’s Beetles remained low due to their commonality. However, we are officially at 44 years since the Beetle was last produced (41 years for the convertible), and 47 years since the last of the Falcon-based Mustangs were built. There are a lot less of them today than there were even a decade ago, and the prices now reflect that.

      I recall the first time I personally witnessed a Mustang selling for $40k at auction (I believe it was 2007 and the auction house was Mecum), and I was amazed; who is paying $40k fort a Mustang? They’re like busses, and if you give it ten minutes another one will be along, but the values are climbing because there just aren’t the numbers out there that there used to be.

      Like 3
  5. Mike

    Hmmm…289/auto. Seems to be mostly there…This would make a good project for someone with 22K just laying around. Liking the old exhaust in front of the wheels trick,….remember them days. And shackles…gotta have them….

    Like 1
  6. Gaspumpchas

    Rustang. the seller did himself no favors by not cleaning it up and cleaning out the gut. With the rot up on the aprons where the fenders bolt on, you can bet that the underneath is bad, the cowl also. Up to 20 large, Like skippy said, you can buy one done for what it would cost to do this one. Fixable? Sure. Worse than this have been brought back. For anyone who has never fixed one, be careful. Good inspection needed, Good luck.

    Like 5
  7. TimM

    Lots of money for lots of work!! Some deeeeeep pockets!!!

    Like 4
  8. garry connors

    i would think for 10000 more you get a show car done why 22.5

    Like 2
  9. Nicholas

    I’m here NZ and watch a few of your car tv shows but don’t really have a sense for the cost of things. Let’s say I bought it for what ever price I bought it for, so what extra would it cost me to rebuild engine, do suspension, new interior, save the paint and yes I know it is a 67 fastback but change it to right hand drive, it would be interesting to see what guys honestly think.
    Cheers Nick

    Like 2
  10. Johnny

    I,d like to see the buyer. He,d make me laugh.

  11. Jeff T.

    I live in NZ and theres no way i would spend money on change to RHD on a vehicle of this value once restored,there are aftermarket parts businesses est here that cater for mustangs etc,very big American Classic Car hobby in this country people importing classics from the States all the time,the diffulculty is finding them here at the right price.

    Like 1
  12. Johnny

    For $3,-$5000. If you hold onto your money and keep looking around. You could buy one in alot better shape. E-bay–I just wonder about some of the buyers and what they pay big money for. You can bet they have it coming easy.. I think some of the ebay salers are bidding on their own stuff to get people to bid higher. .Read the history where thos car is on its second go around. Watch other sights and see if it might show up their. No way would I give that price. It has alot of rust problems and other parts that need replaced. I don,t see what this car has going for it.

    Like 1

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