Anybody get prices on '65 GT350's at Monterey?

As usual there were few great cars (often one of the reason IMHO they go to auction) at either auction.

I only watched the Russo & Steele one and neither have posted results.

5S459 topped out at $220 on Friday night. It wa the only street 65 for sale there and yes I believe there were two or three across the street.

 

Rick Kopec's old car sold for $852,500.
One '65 GT350 did NOT sell at top bid of $290,000.
One '65 GT350 sold for $308,000.

Above are results of RM Auction.​

 

I would think that the prices posted from RM were "with everything" since they are above what people that were there reported to me on Sunday.

As usual - few prefect cars go to auction, as those are often reserved for private sales

 

If you look at what a 65 GT350 was worth say 3 years ago that 308,000 is pretty strong. If 7 years ago you told people that in 7 years ,65 GT350's would be selling for over 300K you would be laughed at.

 

So pure, they were not even referred as a "Shelby", they were known as a GT350 Mustang. Pure and simple.

 

Not quite correct.. "Mustang GT350"

jimbo

 

Just as an observation- Shelbys could be found registered in many different ways. Just depended on the dealership selling the car or the DMV person entering the information. I've got them with both Ford and Shelby listed as the manufacturer

 

I guess I could have been better at the terms, the manufacture was Shelby American Inc, hence the black and gold '63 California plate 013, this was the "manufacture" plate, but when the GT350's were debut in only three publications/road test did they call them Shelby Mustangs. These cars were known as Mustang GT350's or GT350 Mustangs, even the 1965 Shelby American literature referred to them this way. At some point in the 1966 model year, the name Shelby started to become fixed to the name Mustang and they began to be referred to as Shelby Mustangs. In 1967, you started seeing Shelby lettering all over the car and the two became one in the same. When people ask me what kind of car I have I tell them it is a 1965 GT350 Mustang, I never use the word Shelby, its just the way they were referred to when they were new.

 

Way too expensive.... you could get a new, fully loaded 'Vette for less than that.

They dropped like a rock at resale, also.
I bought my first '66 GT-350 in '67 off a used car lot...
They had two there... one for $2200 and the other for $2400.

 

No matter what the name.....the 65 'shelby' GT350 is, in my opinion, without a doubt the most iconic mustang in history. Furthermore, i dont think the market is soft. These cars are finally settling after a long climb in value.

Best Regards,
Vern