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Unrestored 1962 Shelby Cobra Sells for $2 Million

1962 Shelby Cobra auctioned for $2 million 10 photos
Photo: Bonham's
1962 Shelby Cobra auctioned for $2 million1962 Shelby Cobra auctioned for $2 million1962 Shelby Cobra auctioned for $2 million1962 Shelby Cobra auctioned for $2 million1962 Shelby Cobra auctioned for $2 million1962 Shelby Cobra auctioned for $2 million1962 Shelby Cobra auctioned for $2 million1962 Shelby Cobra auctioned for $2 million1962 Shelby Cobra auctioned for $2 million
Back in 2007, Carroll Shelby went on to sale his unique Cobra Super Snake for a cool $5 million plus commission at a Barrett-Jackson auction, placing the blue “dual everything” musclecar atop the most expensive vehicles made in the US list.
The price confirmed, once again, that the Shelby Cobras, which were built in small numbers between 1962 and 1967, have become some of the most sought after and expensive classic musclecars. And while the Super Snake’s record has yet to be beaten, one early Cobra has managed to reach the $2 million mark at a recent Bonham’s auction.

Yes, early Cobra means we’re talking about one of the first 260 cubic inch versions made by Shelby, and not the more powerful and somewhat more popular 427 models. We agree that the $2.07 it sold for may be a bit too much, but this specific 1962 model crossed the block in unrestored condition and with just 4,700 miles on its odometer.

What’s more, the vehicle bought from a Tasca Ford dealership was driven by only two owners before being stored and still sports the original Tasca and AC Cobra badging as well as the original tri-power intake and carbs. This pretty much explains the final price, even though Bonham’s estimate that the Cobra will sell for a max $1 million.

We can only hope that this Cobra will eventually be restored and featured at future classic car events. Scroll below to see it in its current unrestored condition.

Story via Hemmings via StangTV
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About the author: Ciprian Florea
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Ask Ciprian about cars and he'll reveal an obsession with classics and an annoyance with modern design cues. Read his articles and you'll understand why his ideal SUV is the 1969 Chevrolet K5 Blazer.
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