Insider appeal
The same crest appears on a badge on the car's hood, each one handcrafted.
Roughly half of the 45 cars have already been sold, Miller said. Most buyers are, of course, Mustang collectors.
But anyone hoping that these rare cars will only go up in value will probably be disappointed, said McKeel Hagerty, president of the collector car insurer Hagerty Insurance.
Beyond performance upgrades that could be had for much less, the Iacocca Mustang's uniqueness is largely cosmetic, albeit expensive.
"Bloated cost structures don't equate to great vehicles by any stretch," said Hagerty.
These cars will likely sell, though, he said, "to folks who are huge fans of the man, maybe."
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