A near-new Ford Mustang Shelby GT500, once owned by Dave Navarro, has sold on Cars and Bids for more than its original sticker price by $16,205. With just 250 miles on the clock, a rare four-seat layout, and a bundle of signed memorabilia, this example stands out even among modern power-hungry Shelby cars.
Celebrity Ownership, Ultra-Low Miles
Cars and Bids
Cars and Bids
Cars and Bids
Finished in Dark Matter Gray Metallic, a final-year exclusive shade, this GT500 is essentially showroom fresh. Navarro, known for his work with Jane’s Addiction and Red Hot Chili Peppers, adds a layer of celebrity appeal that collectors value. Beyond that, the car’s rare four-seat configuration and color combination make it just one of 145 four-seat examples built to this specification. This GT500 is part of the S550-generation Mustang, representing the era when the GT500 sat at the very top of Ford’s muscle car hierarchy before the newer S650 era arrived and the GTD took over.
Power, Provenance, and Added Value
Cars and Bids
Cars and Bids
Cars and Bids
Under the hood sits Ford’s supercharged 5.2-litre Predator V8, producing 760 hp, mated to a 7-speed DCT. That same engine family lives on in newer performance models like the Mustang Dark Horse SC. Originally carrying an MSRP of $86,545, this GT500 ultimately sold for $102,750. While its rarity and low mileage played important roles in that valuation, there’s more to the story. Included in the sale were several signed items from Navarro, including a PRS SE Custom 24 electric guitar, a Black Kross case, and a Shelby plaque.
A Deal, Despite The Premium
Cars and Bids
Cars and Bids
Cars and Bids
Interestingly, the final price still sits below market trends. According to Classic.com, the average 2022 GT500 has traded for $114,111 over the past year. That means the winning bidder secured a low-mileage, celebrity-owned example for roughly $10,000 under market average, with signed memorabilia included. While it still sounds absurd to pay over sticker price for a used Shelby Mustang, this might be one of the rare justified instances.
