Photo: RM Sotheby's
On May 2nd, RM Sotheby’s will auction one of the most revered machines to be built on American soil. The 1962 Shelby 289 Competition Cobra is the focal point of this story, and the official estimates are mind-boggling.
RM believes that $2.2 million to $2.6 million is the value of chassis CSX 2011. Considering how wild high-end automotive auctions can get when the attendants are so-called high net worth individuals (HNWI). The public isn’t the only reason we believe the price is understated.
The Shelby 289 Competition Cobra is, first and foremost, the first racing-spec Shelby Cobra sold to the public. To boot, chassis CSX 2011 is incredibly preserved despite showing some patina here and there.
Another concrete-grade solid argument that backs our gut feeling is that the car has been in single ownership for over 40 years. As unmolested as it may appear to you, RM informs that the Shelby 289 Competition Cobra is a successful SCCA racer as well.
Its current owner carefully restored the V8-powered brute to the configuration it entered the Daytona Continental endurance road race on February 16th, 1964. Under the hood, you’ll find a 340 horsepower 289 cu.in. (4.7-liter) vee-eight fed by two Carter four-barrel carbs. Cog swapping is dealt by a Borg-Warner T-10 manual transmission.
On the handling front, the Shelby on hand boasts independent front and rear suspension, 4-wheel hydraulic disc brakes and period tube shock absorbers. The Shelby 289 Competition Cobra chassis CSX 2011 is without a shadow of a doubt the bee’s knees for proper car collectors.
Vehicle aside, the seller will hand the new owner with period photos signed by Carroll Shelby himself.
The Shelby 289 Competition Cobra is, first and foremost, the first racing-spec Shelby Cobra sold to the public. To boot, chassis CSX 2011 is incredibly preserved despite showing some patina here and there.
Another concrete-grade solid argument that backs our gut feeling is that the car has been in single ownership for over 40 years. As unmolested as it may appear to you, RM informs that the Shelby 289 Competition Cobra is a successful SCCA racer as well.
Its current owner carefully restored the V8-powered brute to the configuration it entered the Daytona Continental endurance road race on February 16th, 1964. Under the hood, you’ll find a 340 horsepower 289 cu.in. (4.7-liter) vee-eight fed by two Carter four-barrel carbs. Cog swapping is dealt by a Borg-Warner T-10 manual transmission.
On the handling front, the Shelby on hand boasts independent front and rear suspension, 4-wheel hydraulic disc brakes and period tube shock absorbers. The Shelby 289 Competition Cobra chassis CSX 2011 is without a shadow of a doubt the bee’s knees for proper car collectors.
Vehicle aside, the seller will hand the new owner with period photos signed by Carroll Shelby himself.
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