Two lovely Shelby Cobra Roadsters from the 60s were each sold for a seven-figure price at an auction over the weekend.
First up, the white one with a black interior is a 1967 Shelby 427 Cobra Roadster that was estimated to fetch anywhere between $1.1M-$1.3M at Dana Mecum’s 29th Original Spring Classic. The estimation was spot on as it went under the hammer for a cool $1.1M. As seen in the attached images and video, the car appears to be in top notch condition and comes with the original paint and leather interior.
Driven for only 20,165 miles (32,452 kilometers), the car comes from the Joe McMurrey Collection and has an entirely detailed history. It’s powered by a big-block V8 427 cubic inch (7.0 liters) engine delivered to the Halibrand knock-off wheels through a four-speed transmission.
As for the other car, the silver 1964 Shelby 289 Cobra Roadster has a red leather interior and was estimated to grab $800,000 - $1M at the auction. This estimation was also correct as the vehicle 271 out of a total of 453 street cars was acquired for $1M. Purchased as new by founder of Mercury Marine, E.C. Kiekhaefer, the car belonged at one point to NHRA World Champion, Bruce Larson.
In the early 2000s, the car was bought by renowned Shelby and Mustang collector, Barry Smith, who sent it to Cobra restorer Dave Wagner of Detroit, Michigan for a full restoration. Brought back to concours quality in 2003, the car has a HiPo 289 cubic inch (4.7 liters) V8 engine hooked up to a four-speed transmission. It sits on chrome knock-off wire wheels and is equipped with a quick-fill fuel cap while the interior has the full array of instrumentation available back then. It also comes with the optional push-button radio (with antenna) and heater.
These two highly-prized Shelby Cobra Roadsters were the top sellers during the event organized by Mecum Auctions on May 20 and were followed by a 1965 Shelby GT350 Fastback ($500,000), a 1972 Ferrari Dino GT ($310,000), and a 1967 Shelby GT350 Fastback ($285,000).
Source: Mecum Auctions
Pair of Shelby 427 Cobra Roadsters each sell for $1M
TWO SHELBY COBRA ROADSTERS REACH $1 MILLION AT DANA MECUM’S 29TH ORIGINAL SPRING CLASSIC AUCTION
907 Stoddard-Dayton Headlines Saturday’s Consignments
Indianapolis, Ind. – May 20, 2016 – A 1967 Shelby 427 Cobra Roadster (Lot F124) sold for $1,100,000 and a1964 Shelby 289 Cobra Roadster (Lot F163) sold for $1,000,000 today at Dana Mecum’s 29th Original Spring Classic, the largest muscle car auction in the world, taking place through Saturday, May 21 at the Indiana State Fairgrounds.
Top Sales for Friday, May 20 (all individual sales reflect hammer price):
- 1967 Shelby 427 Cobra Roadster (Lot F124) $1,100,000
- 1964 Shelby 289 Cobra Roadster (Lot F163) $1,000,000
- 1965 Shelby GT350 Fastback (Lot F125) $500,000
- 1972 Ferrari Dino GT (Lot F243) $310,000
- 1967 Shelby GT350 Fastback (Lot F127) $285,000
Among the feature consignments for Saturday, May 21 are:
- 1907 Stoddard-Dayton Model K Runabout (Lot S141)
- 1969 Chevrolet Corvette L88 Convertible (Lot S149)
- 1969 Chevrolet Yenko Camaro (Lot S154)
- 1971 Plymouth Hemi Cuda (Lot S164)
- 1970 Ford Mustang Boss 429 (Lot S168)
Mecum Indianapolis 2016 is open to buyers, sellers and spectators with general admission tickets available at the gate for $30 per day or $100 for all five days; children 12 and younger are admitted free of charge. Portions of the auction will be broadcast live on NBC Sports Network with a stream of the entire event presented on Mecum’s website. For more details on the auction, to consign a vehicle or to register as a bidder for this and all Mecum auctions, visit www.mecum.com or call (262) 275-5050.
About Mecum Auctions
Nobody sells more than Mecum. Nobody. The Mecum Auction Company is the world leader of collector car, vintage and antique motorcycle, and Road Art sales, hosting auctions throughout the United States. The company has been specializing in the sale of collector cars for 29 years, now offering more than 20,000 lots per year and averaging more than one auction each month. Established by President Dana Mecum in 1988, Mecum Auctions remains a family-run company headquartered in Walworth, Wis. For further information, visit Mecum.com or call (262) 275-5050. Follow along with Mecum’s social media news and join us on Facebook, Twitter, YouTube, Pinterest and Instagram.
Mecum Indianapolis 2016
Indiana State Fairgrounds
1202 East 38th Street
Indianapolis, IN 46205
May 17-21, 2016
Admission: $30 per person, per day or $100 per person for entire auction
Preview: Gates open daily at 8 a.m.
Auction: Vehicles start at 10 a.m. and Road Art starts at 8:30 a.m.
TV Schedule NBCSN on Thursday, May 19 from 3:30-5 p.m. (Live), Friday, May, 20 from noon- 3 p.m. (Live), Saturday, May 21 from 11 a.m.- 2;30 p.m. (Live) and 9 p.m.- 1 a.m. (Same Day Delay), Sunday, May 22 from 10 a.m.- noon (Next Day Delay), Friday, May 27 from 6 p.m.- 1 a.m. (Delay).
(All Times Eastern)