Market Overview

First and Only Unencumbered Ford GT to Hit Auction Block During Monterey Car Week

Share:

First and Only Unencumbered Ford GT to Hit Auction Block During Monterey Car Week

New Autos Inc. to Sell Car Previously Owned by John Cena This Saturday

PR Newswire

MONTEREY, Calif., Aug. 21, 2018 /PRNewswire-PRWeb/ -- The stage is set for the biggest week in Monterey and it's about to get even more exciting with the announcement of one rare car crossing the block this Saturday, August 25.

Consigned from New Autos Inc. in Chico, Calif., the famous 2017 Ford GT, previously owned by American professional wrestler and actor John Cena, is expected to draw an incredible crowd Saturday night. This is one of only 138 produced in the first model year—2017. It was ordered in Liquid Blue to match the specs of the first Ford GT shown to the public at the Detroit Auto Show. All painted surfaces are protected with industry leading Xpel protective film. With VIN #77, a nod to Cena's birth year, this Ford GT has quite a history already.

"This is the only 2017 Ford GT for sale that is unencumbered by past, present or future lawsuits from Ford," said President of New Autos Inc., Bernie Knaus. "This is going to be an exciting one to watch."

The car is one with a controversial past. Ford sued Cena for selling it shortly after he received it, instead of waiting the 24 months he was supposed to according to a contract he had with the car company. Cena's lawyers settled the lawsuit earlier this year and the money Ford received was donated to charity.*

"There is quite a bit of notoriety swirling around this car," said Knaus. "We expect it to be quite popular on the block. Whoever buys it, will get an incredible car with no legal issues attached since it was already settled."

The Ford GT is slated for auction this Saturday at the Russo and Steele Collector Automobile Auction. The event is among an elite list that contributes to Monterey's Historic Car Week. Russo and Steele holds the hottest ticket to Monterey's race weekend and is billed as the "Mecca of Collector Automobiles." This is the eighteenth year for Russo and Steele in Monterey.

Concurrent with the prestigious Pebble Beach Concours d'Elegance weekend, Russo and Steele's auction is conveniently located in the heart of downtown Monterey. The three-evening event, happening August 23 through 25, will auction more than 250 automobiles in its highly interactive, visceral ground-level auction arena that provides an experience where buyers can get up close with the cars. Known for its auction-in-the-round format, Russo and Steele is unlike any other event and is known as "The World's Most Exciting Collector Automobile Auction." Russo and Steele places buyers, sellers and enthusiastic spectators up close and personal with vehicles. General admission is $30 each day. The event takes place in downtown Monterey, on the waterfront by Fisherman's Wharf at 290 Figueroa Street. Bidder registration is $200. For more information about Russo and Steele, visit russoandsteele.com.

About Russo and Steele Collector Automobile Auctions
One of the nation's premier collector-car auction houses, Russo and Steele Collector Automobile Auctions continues to set records and attract a discerning global clientele. In addition to its reputation for offering stellar collector automobiles, the unique high-energy auction experience is simply unattainable anywhere else. Auctions include a signature event in Scottsdale, Ariz. every January, followed by June at Newport Beach and August at Monterey, California. For additional information, please visit http://www.russoandsteele.com or call 602.252.2697.

*https://jalopnik.com/john-cena-settles-lawsuit-with-ford-over-selling-his-fo-1826933093

 

SOURCE New Autos Inc.

View Comments and Join the Discussion!