1963 Shelby Cobra

289 R&P Roadster
$149.3M worth of cars at RM Sotheby's Monterey
Thursday, 12 August - Saturday, 14 August 2021
Sale Price
$3,750,000 - $4,250,000
Est. Range
13 August 2021
Sold Date
Lot Number
Older restoration
RM Sotheby's
Auction House
Chassis no. CSX2129. Red over black leather. Sebring-spec 289 with Weber carbs, replacement block, Halibrand magnesium wheels, Goodyear tires, fender flares, hood scoop, roll hoop.

Evaluation: Works Cobra driven by Ken Miles and Bob Bondurant in 1963 with nine podium finishes, and privateer race history in SCCA from 1964-66. Also displayed by Shelby at the 1964 World’s Fair in New York. The new Cobras brought Shelby USRRC and SCCA titles in 1963, in large part thanks to this very car. The paint has a few scattered chips at the lower edge of the rear wheel flares. The engine compartment is fully restored but could use a light detail. The underbody is clean with no oxidation. The seats have some creasing from use but the interior is not excessively worn. An excellent restoration done in 1997 that has held up exceptionally on this works Cobra, and of course the history is really what matters here.

Bottom Line: This very important early Cobra sold for $2,585,000 at Pebble Beach 10 years ago, but the Shelby legend and reputation have only grown since then, as has the market for historically significant racing cars. Ken Miles’ reputation has also been enhanced by the 2019 Ford v Ferrari film, and CSX2129 was driven onto the block by his son Peter. The car deserved every bit of this price.

by Andrew Newton
28 August 2021
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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.