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Back In Time - Mecum Results

Discussion in '1965-1970 Shelby Mustang GT350 & GT500' started by BillH, May 18, 2009.

  1. May 18, 2009 #1
    BillH

    BillH Well-Known Member

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    Based on the results of the Mecum auction, how many years back in time have we been transported? When was the last time a GT-500KR sold for 123K? IMHO, the only reason most of 11 of the 21 Cobras and Shelbys sold was because the seller dropped the reserve.
     
    BillH, May 18, 2009
    BillH, May 18, 2009
    #1
  2. May 18, 2009 #2
    rshelby

    rshelby ShelbyForums Admin Staff Member

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    No. 1: Lot F248.1
    1966 Shelby 427 S/C Cobra Roadster
    CSX 3034
    Sold for $1,165,000

    No. 2: Lot F246
    1966 Shelby Cobra 427
    Ex-Tom Payne Competition Roadster CSX3020
    Sold for $1,000,000

    No. 3: Lot F248
    1967 Shelby GT500 Convertible
    428 CI Dual-Quad, Automatic. Only One Built
    Sold for $825,000

    No. 4: Lot F237
    1964 Cooper Monaco King Cobra
    CM 6/64, 1964 L.A. Times GP Winner
    Sold for $600,000

    Lot F87.1
    1968 Shelby Mustang GT 500
    Sold Price: $110,000

    Lot F126
    1967 Shelby GT350
    302/290 HP Supercharged, 4-Speed
    Sold Price: $115,000

    Lot F250.1
    1969 Shelby GT500
    428/335 HP, Automatic
    High Bid: $175,000

    Lot F227
    1969 Shelby GT350
    Sold Price: $75,000

    Lot F249.1
    1966 Shelby Cobra 427
    CSX 3301
    High Bid: $600,000

    Lot S152
    1968 Shelby GT500
    428 CI, 4-Speed
    High Bid: $95,000

    Lot F265
    1965 Shelby Cobra 4000 Series
    482/628 HP, 5-Speed
    High Bid: $85,000

    Lot T246
    1967 Shelby GT500
    Continuation Car, 427/635 HP, 5-Speed
    High Bid: $120,000

    Lot F278
    1965 Shelby GT350
    Continuation Car, Roush 353R, Aluminum Block
    High Bid: $105,000

    Lot S209
    2009 Shelby GT500 KR
    5.4L/540 HP, 6-Speed
    High Bid: $67,500

    Lot T279
    2007 Shelby Mustang
    4.6 L, Automatic
    Sold Price: $28,500

    Lot U110
    1968 Shelby GT500
    428/360 HP, Automatic
    High Bid: $70,000

    Lot U81
    1969 Shelby GT350
    351/290 HP, Automatic
    High Bid: $55,000

    Lot S118
    1969 Shelby GT500
    428/370 HP, 4-Speed
    Sold Price: $112,500

    Lot S115
    1968 Shelby GT350
    302 CI, Automatic
    High Bid: $90,000

    Lot S105
    1967 Shelby GT500
    428 CI Police Interceptor, Dual Quad
    Sold Price: $125,000

    Lot S94
    1968 Shelby GT350
    302 CI, Automatic
    Sold Price: $90,000

    Lot F260
    1968 Shelby GT500 KR
    428CJ Ram Air 4-Speed
    Sold Price: $123,000

    Lot F258
    1969 Shelby GT500
    Unrestored, SAAC Chairman's Award Winner
    High Bid: $110,000

    Lot F249
    1967 Shelby GT500
    428/355 HP, 4-Speed
    Sold Price: $175,000

    Lot F245
    1963 Shelby Cobra
    CSX 2121
    High Bid: $525,000

    Lot F244
    1964 Shelby Cobra 289 CSX2430
    Ex-Tom Payne Competition Roadster
    High Bid: $1,300,000

    Lot F242
    1965 Shelby Daytona Cobra Coupe
    CSX2601, FIA Championship Winner
    High Bid: $6,800,000

    Lot F241
    1965 Shelby Mustang GT350 R
    The Essex Wire Car
    High Bid: $500,000

    Lot F240
    1965 Shelby GT350
    #5014R: The Final Advanced Prototype
    Sold Price: $282,500

    Lot F228
    1966 Shelby GT350 S
    289 CI, Factory Paxton Supercharger, 4-Speed
    Sold Price: $162,000

    Lot F226
    1967 Shelby GT500
    428 CI, 4-Speed, Restored
    Sold Price: $175,000

    Lots of unsold cars. Didn't somebody say that a previous offer had been turned down for $17,000,000 on that Daytona Coupe (CSX2601)? I heard that somewhere. Seems ridiculous to turn down that kind of offer. Especially now, seeing that it only brought $6,800,000 in offers at Mecum. Maybe it was all a rumor or maybe I'm thinking of something else.
     
    Last edited by a moderator: Aug 17, 2009
    rshelby, May 18, 2009
    rshelby, May 18, 2009
    #2
  3. May 18, 2009 #3
    Coralsnake

    Coralsnake Well-Known Member

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    I guess I have to take exception with the KR example. I have been watching 1968 Shelby prices closely for 25 years. Not very many GT500KR fastbacks have consistantly sold for anything above $150,000. It's a dream to get more unless you have something like a survivor or a near perfect car. The basic road cars and lower end show cars have always been in this area. Unless of course, you are factoring the fact, that auction generally brings 20-40% more than retail ?

    I see there is a guy in one of the auto traders advertising a KR fastback for $249,000. You can buy a GT500 KR convertible for that and have a lot of pocket change.

    Right now there a lot of 1968 GT500KR convertibles in the $150,000 range for serious buyers. Prices are down from 18 months ago, no doubt.




    :cigar:
     
    Coralsnake, May 18, 2009
    Coralsnake, May 18, 2009
    #3
  4. May 18, 2009 #4
    Bob Gaines

    Bob Gaines Well-Known Member

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    The KR car in question was a nice low milage car that had a repaint and some lower grade detailing under the hood. All in all a very nice driver grade car. Bob
     
    Bob Gaines, May 18, 2009
    Bob Gaines, May 18, 2009
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  5. May 18, 2009 #5
    BillH

    BillH Well-Known Member

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    Bob
    I would sure be interested in your take on this auction.
    Bill
     
    BillH, May 18, 2009
    BillH, May 18, 2009
    #5
  6. May 18, 2009 #6
    Bob Gaines

    Bob Gaines Well-Known Member

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    The biggest disappointment I had was the Daytona not bidding up higher. My take on the auction results were that there were some ups and some downs but all in all based on prices and conditions it was about the same as 12 months ago. I think that in itself was a positive. FYI the quality of most of the cars was nothing to write home about.Just my opinion. Bob
     
    Bob Gaines, May 18, 2009
    Bob Gaines, May 18, 2009
    #6
  7. May 19, 2009 #7
    snakeman

    snakeman Well-Known Member

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    Ferrari VS Cobra war continues; World Market keeps Ferrari at top as most expensive car at Auction previosly and presently,May 17, 2009 RM Auctios of London England, held the auction at the Ferrari factory, a 1957 Ferrari 250 Testa Rossa sold for 12.5 million, between 1958-1961 the car entered 19 international races ,and won 10 of those events it was 1 of 22 built, what a move to time their auction the same time as the Daytona Cobra Coupe?
     
    snakeman, May 19, 2009
    snakeman, May 19, 2009
    #7
  8. May 19, 2009 #8
    67Bugzaper

    67Bugzaper Active Member

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    I can't believe the 67 convert went for $825K. From what I've heard, all of the skins and floorboard on that car were rusted out and were replaced. Does anyone know what is original on that car?
     
    67Bugzaper, May 19, 2009
    67Bugzaper, May 19, 2009
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  9. May 19, 2009 #9
    Coralsnake

    Coralsnake Well-Known Member

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    I think the bigger questions concerning that particular car is how was it originally configured and what is the very early history.

    They have been debated on the forums for quite a while.

    :whistle:
     
    Coralsnake, May 19, 2009
    Coralsnake, May 19, 2009
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