1967 Shelby Cobra

427 Roadster
Sale Price
$1,200,000 - $1,400,000
Est. Range
15 October 2022
Sold Date
Lot Number
Cosmetic restoration
Broad Arrow Auctions
Auction House
Chassis no. CSX3299. Guardsman Blue over black leather. 427/425hp, single 4-barrel, 4-speed, 10-spoke centerlock alloy wheels, Radial T/A tires, grille and trunk guards, grey translucent visors, wind wings, woodrim steering wheel, lowered, original jack, spare, grease gun and top frame.

Evaluation: – Three owners from new. Stored for three decades until 2005. The original 428 engine was replaced by a 427 years ago but it comes with the original engine. Gorgeous paint. Usable but aged original upholstery. Original top, side curtains and tonneau cover. The engine compartment is nearly like new. A gorgeous Cobra with 7366 miles.

Bottom Line: Sold by RM at Boca Raton with the factory 428 under the hood in 2005 for $535,000 which was appropriate at the time, as is this price today. Having the performance of the 427 is a plus for those who appreciate performance while having the original 428 on an engine stand mollifies most Cobra purists who decry modifications and updates. It is an exceptional car bought for an exceptional, but realistic, price.

by Rick Carey
21 October 2022
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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.