1965 Shelby Cobra

427 Roadster
Mecum Kissimmee 2021 rakes in a record $111.8M
Thursday, 7 January - Saturday, 16 January 2021
Sale Price
15 January 2021
Sold Date
Lot Number
Concours restoration
Mecum Auctions
Auction House
Chassis no. CSX3178. Charcoal Gray over black leather. Aluminum head 427/425hp side oiler engine with dual 4bbl carbs, Sunburst KO wheels, woodrim steering wheel, lap belts.

Evaluation: Carroll Shelby’s personal Cobra from new until his passing in 2012, one of five 427 cobras finished in Charcoal Gray. Originally equipped with a 428, but Shelby later had the 427 side-oiler and an automatic added. Restored by Mike McCluskey in the early 70s, then again at Shelby in the early 2000s and concours restored in 2016. Excellent paint free from any signs of use. The interior is in great condition with only slight wrinkles on the driver’s seat from very limited seat time. Excellent chrome and brightwork other than the vent wing brackets that exhibit some slight pitting. Driver’s side vent wing appears slightly scratched near bottom. Sunburst wheels appear to be unrestored. Engine compartment restored to an exacting detail and in great condition with exception of a slight fuel stain on the intake. The condition is fantastic, but more significant to collectors is the Shelby ownership history.

Bottom Line: This car sold for $1,375,000 at RM Monterey 2016, but at the time it was painted red and had the automatic transmission, side exhaust, and a roll bar. It’s a very different car this time around, but the result here is still huge. It’s the most expensive car sold in Kissimmee this year and over twice what another 427 in this condition would bring.

by Andrew Newton
22 January 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.