Heroshot

1965 Shelby Cobra

CSX 4000 Continuation 427 S/C Roadster
Mecum Tulsa 2022
Thursday, 9 June - Saturday, 11 June
$409,750
Sale Price
Yes
Reserve
11 June 2022
Sold Date
S124
Lot Number
#2+
Unrestored Original
Mecum Auctions
Auction House
Chassis no. SW119499PA/CSX4343. 427/535hp with dual quads, Toploader 4-speed, side pipes, centerlock wheels, Goodyear Eagle tires, wind wings, roll bar, woodrim steering wheel, Shelby gauges, signed by Carroll Shelby on the glove box.

Evaluation: Wears chassis number of CSX4343 and assigned VIN of SW119499PA. One of 40 of these 40th anniversary cars (split between aluminum-bodied 427s and fiberglass-bodied 289s) built by Shelby, not a replica or a kit. Recently gone through and sorted for an owner who drove it a grand total of 11 miles and decided it was a bit too hairy to drive. Showing just 1,891 very scary miles total. It looks just about new, almost nicer underneath than it does on top, and truly catches the eye with that gleaming bare aluminum body, supposedly one of just five cars so-finished.

Bottom Line: Don’t call it a replica. These CSX4000-series cars are continuation Cobras with CSX chassis numbers and built by Shelby, who shrewdly saw a gap in the market below the super-collectible original Cobras but above the dozens of different kits and replicas out there. That’s still how the market views the continuation Cobras, although unlike kits and replicas, they’re collectible in their own right and this one keeps getting more expensive. It sold for $126,500 at Mecum Harrisburg in 2019, then for $210,000 on Bring a Trailer in August 2020, and now for nearly double that in 2022, making it the most expensive car to sell Mecum Tulsa. Rarely is buyer’s remorse a profitable enterprise, but this is one huge exception and those were 11 very profitable miles for the seller.

by Andrew Newton
18 June 2022

Comments

  • allan k says:

    driven 11 miles because it was “a bit too hairy”? let’s be realistic. this is a race car disguised as a sports car for the street. for racing – great. for the street – no way. no radio, no a/c, no dead pedal, no relief from wind buffeting, and totally uncomfortable after 50 miles. yes its rarity makes it valuable (along with Shelby’s autograph) that’s why there are so few miles and the seller kept it for investment purposes – not for the driving experience. as time goes on and gas prices rise even more, we’ll be seeing lots of great cars relegated to investment owners and not true enthusiasts.

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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.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.