The transaction took place a year after purchasing the supercar.
The trial between Ford and the auction house Mecum ended in victory for the automaker. The auctioneers and the owner broke a two-year ban on the resale of the Ford GT supercar, and now Mecum will pay a fine.
A contract for the purchase of a supercar includes the item with the prohibition to resell the car within two years. The owner of the supercar at number 48 (out of 250 issued) resold your Ford in may of last year when the ban was still in effect.
On the odometer by the silver coupe was only 11 kilometers. The car was auctioned for 1.8 million dollars (119 million) – that is four times more expensive factory price tag. And the next day the auction house has received a lawsuit from Ford Motor Company.
Seven months later the court decided not only to fine the auction house but also prohibit him from further work with the supercars Ford GT: up to the expiration of the two-year moratorium Mecum should not take on the sale of cars from original owners. But if the first owner has already managed to violate the ban earlier, and now the car trying to sell through Mecum, requires the approval of a transaction with the company Ford – and she has the right to refuse.
Ford has indicated that the fine will be directed to charity. The size of it isn’t reported – but it is that likely resets the auction profit from this sale.