One-Off Shelby Cobra Concept Sells For Way More Than Expected

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Pre-sale estimate: $1.5-$2 million.

Right now, only the Ford Mustang Shelby GT500 bears the name of the late great Carroll Shelby. Shelby's relationship with Ford dates back to the 1960s when he was recruited to help the Blue Oval defeat Ferrari at Le Mans. Before he began shoehorning Ford V8s into road-going Mustangs, Shelby was stuffing them under the hood of the tiny British-built AC Ace, and the original Shelby Cobras were born. These are now iconic roadsters collectors everywhere are willing to pay big bucks to own.

Ford took notice of the car's growing popularity back in 2004 when it decided to do a modern interpretation. We previously covered the story of "Daisy," the one-off concept car Ford intended for limited series production in 2007.

Mecum Auctions
Mecum Auctions
Mecum Auctions

Unfortunately, the Great Recession forced the carmaker to change its plans. The project was canceled, but the concept still survives. And now it's found a new owner. Mecum Auctions has confirmed "The Last Shelby Cobra" just sold for an impressive $2.64 million at its Monterey event last weekend. The pre-sale estimate was a still hefty $1.5 million to $2 million.

It's very easy to see why someone was willing to pay so much for it. Power comes courtesy of a 6.4-liter naturally aspirated V10 with 605 horsepower. This engine is also extremely rare; it's just one of four ever made. A Ricardo six-speed manual sourced from a first-generation Ford GT directs power to the rear wheels only.

Mecum Auctions
Mecum Auctions
Mecum Auctions
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7 Outstanding Rotary Engine Swaps
7 Outstanding Rotary Engine Swaps

If none of this is good enough, Shelby personally test drove the car some 150 miles at Irwindale Speedway in California before giving his seal of approval. Jay Leno previously took it for a spin on an episode of his show with its now-former owner, Chris Theodore, who was Ford's vice president of product development when the concept was created. It also had a brief Hollywood career when it was driven by actor and rapper Ice Cube in "XXX: State of the Union."

Amazingly, this car sold for $825,000 back in 2017 when it was taken out of storage and auctioned off for charity. Its new owner is unknown but they evidently have very deep pockets.

Mecum Auctions
Mecum Auctions
Mecum Auctions
Source Credits: Mecum Auctions

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