Tom Petty's Rangoon Red 1965 Ford Mustang is up for auction on Bonhams Cars, with an estimated value of $25,000-$35,000. The car, powered by its popular 289ci OHV V8 engine, remains well-preserved.

Ford Mustangs are a dime a dozen at first glance, but this convertible is rarer than the overall production number suggests.

Ford's Mustang is one of the best-known cars ever made. The K-Code version, though, is a rare variant that it's hard to tell ...