Deep pockets come with countless perks.
It's not often when one of the late Carroll Shelby's personal cars comes up for auction. It's even rarer when one of those cars happens to be an original 1965 Cobra 427. This was the case last weekend when Shelby's Charcoal Gray 427 Cobra hit the stage at Mecum Auction's Kissimmee event.
The bidding opened at around $2 million and within minutes CSX3178 was sold for $5.4 million - more than 56 times the cost of a new Ford Mustang Shelby GT500. CSX3178 began its life with Shelby when it arrived at his LAX-based facility in early January 1966. Like all Cobras, it lacked an engine and transmission.
By early March, Shelby's team finished the numerous upgrades and later shipped the little roadster to their boss's home in Dallas, Texas. Under its hood was a Ford-sourced 427 V8 linked to a four-speed manual. A few years later, a friend of Shelby's completed a restoration that saw it painted Guardsman Blue with a gold nose. Shelby later equipped the car with an aluminum-head 427 side-oiler engine with an automatic gearbox. In 2002, some of the staff at Shelby American in Las Vegas repainted the body red.
Following Shelby's death in 2012, it was sold again to the now-former owner who had it restored back to concours condition at a significant cost. Its original paint color and engine-gearbox combo were the highlights.
CSX3178 wasn't the only Cobra that Shelby owned. His other one was chassis number CSX2000, the very first Cobra which sold for a whopping $13.75 million in 2016. At the time, it was the most expensive American car ever sold at auction.
Still, $5.4 million isn't exactly pocket change and the included video shows its new owner briefly debating whether to beat the $5.3 million placed by a rival bidder. We don't know the identity of the new owner but hopefully, he will enjoy the car as much as Shelby himself did for years.