1966 Shelby Cobra

A million-dollar GTO (no, not a Ferrari) in Kissimmee
Wednesday, 4 January - Sunday, 15 January
Sale Price
$1,500,000 - $1,700,000
Est. Range
13 January 2023
Sold Date
Lot Number
Recent restoration
Mecum Auctions
Auction House
Chassis no. CSX3270. Guardsman Blue over black leather. 427, 4-speed, side exhaust, Halibrand wheels, Goodyear Eagle tires, roll bar, woodrim steering wheel, Raydot mirror.

Evaluation: Originally a 428 car, run off the road in the late 1960s with body damage, converted to 427 S/C appearance in 1971. Then restored in the ‘80s and has competition suspension replicating a factory competition car. It got another full restoration that wrapped up last year. It isn’t 100 percent as it left Shelby American in 1966, but it is a real deal big-block Cobra restored to showable standards and hardly driven since.

Bottom Line: Any genuine big-block Cobra is a highly treasured, potentially seven-figure car, but they’re not all created equal. Most “427” Cobras in a certain range of chassis numbers (the CSX3200s) came not with the racy 427 but with a 428 “Police Interceptor” engine that was less powerful but cheaper and easier to source. Many have since had their 428s replaced just like this one has, but they still carry a significant discount compared to original 427s. This also certainly wasn’t the only big-block Cobra to get a little banged up in period, but it’s still worth noting. It’s a real Cobra that looks and goes like a 427 S/C (Semi-Competition) but at this price comes at about a $1M discount. Still a fair result to the seller, though, and it actually may have brought less if it still had its original Police Interceptor mill peeking out from the hood scoop.

by Andrew Newton
20 January 2023

Leave a Reply

Your email address will not be published. Required fields are marked *

More on this topic

Hagerty Insider Newsletter

Your weekly dose of auction reports, market analysis, and more.

Thank You!
Your request will be handled as soon as possible
Hagerty Insider Newsletter
Your weekly dose of auction reports, market analysis, and more.
Condition definitions
Condition #1:
Condition #2:
Condition #3:
Condition #4:
Condition #5:
Condition #6: