This Ridiculously Rare Shelby Cobra Sold For Nearly $3 Million

Auction

It was originally intended for the race track, but became the fastest road car ever at the time.

Last week, the annual RM Sotheby’s Scottsdale auction took place where a plethora of automotive rarities went under the hammer. It was a momentous success, racking up over $36 million in sales by the time the auction finished last weekend with an 87 percent sell-through rate. One of the star attractions was this stunning 1966 Shelby 427 Semi-Competition Cobra described as “arguably one of the finest, most original and correct” examples, which sold for a whopping $2.95 million.

That meant it sold for around half a million more than its original estimate, which earned it RM Sotheby’s high sales award. Originally, Shelby intended to build a racing version of the Cobra 427 dubbed the Competition model. 100 cars needed to be built for homologation purposes, but only 51 were made due to production hold-ups. Those 51 cars failed to meet homologation requirements, leaving Shelby with dozens of cars that couldn’t be raced. Shelby’s East Coast representative came up with a solution: why not convert them into road cars? The remaining cars were painted and fitted with proper windshields, folding tops, and license plate brackets to make them street legal.

You Might Also Like
10 SUVs More Powerful Than The 650-HP Lamborghini Urus
10 SUVs More Powerful Than The 650-HP Lamborghini Urus
10 Cars That Make Us Miss Pop-Up Headlights
10 Cars That Make Us Miss Pop-Up Headlights

Nearly all of the original racing modifications intended for the thoroughbred competition car were kept, including a side exhaust and flared fenders. These were sold as Shelby Cobra 427 “Semi-Competition” cars and marketed as the fastest road-going car ever built, powered by a V8 developing 500 hp which was insane back in the 1960s. Only 31 were sold to the public, while an additional 16 were sold to private racing teams. Two were kept as factory prototypes, and one was sent to Ford Engineering. After the Shelby Cobra 427 Semi-Competition, the second highest-selling car at RM Sotheby’s was a 1948 Tucker 48 originally owned by Preston Tucker himself.

It sold for a winning bid of $1,792,500 - nearly $300,000 over the car’s high estimate. Third place went to a 1964 Ferrari 250 GT Lusso, which sold for $1,682,500. Unfortunately, the Jaguar D-Type that everyone expected to be the top seller with a high estimate of $15 million failed to meet its reserve price.

5 Things You Need To Know About The 2019 BMW X5

After driving the car for the first time, here are our key takeaways.

Watch The BMW M2 Competition Lap The Ring In 7:52

That was supercar territory not long ago.

Kim Jong-un Gets Classy With New Ride

So much for sanctions.

Drifting A 1,000-HP Corvette On Mountain Roads Takes Some Serious Skill

Thought drifting the entire Nurburgring was challenging? Try it in a 1,000-hp Corvette on a mountain road with no safety rails.

Hennessey Heritage Edition Ford Truck Makes More Power Than Anything You’ve Got

This crazy beast is even more powerful than the Ford GT.

Ford Imagines A Future With No Traffic Lights

Stopping at junctions could be a thing of the past in the future.

One-Off Ferrari 330GT Speciale Is A 50-Year-Old Dream Come True

This stunning coachbuilding project is a tribute to legendary Italian designer Giovanni Michelotti.

Students Create 600-HP Honda Civic Hybrid Rallycross Machine

Deep Orange 9 is our kind of school project.

Is The Jaguar XE SV Project 8 Way More Powerful Than Advertised?

Jaguar claims the super sedan has 592 horsepower under the hood.

What's Hot