The auction effect on value when the car doesn't sell

An R model '65 Shelby Gt 350 Mustang has been bouncing from auction to auction and has had bids from 1 million, down to $475,000 and isn't selling. The owner must have wasted a lot of money on auction house fees, and isn't through bleeding money in hopes of selling at a profit. It's going up at auction again this August at Russo and Steele, http://www.russoandsteele.com/press_release.html?prid=97

Car #530.... one of only 35 produced (1 of 25 still remaining) was shipped to Lima Peru on 7/29/66 and raced extensively on the South American circuit. It was the South American Champion in it's class and the Peruvian National Champion in the late 60's.

Raced by purchaser Bratzo Vicich, the car was the South American Class Champion during the late 1960s as well as the Peruvian National Champion as late as 1973. A second South American owned the car and ran it actively until 1980. Returning to the United States in 1984 in the care of George Stauffer, the car has had numerous American owners since and was campaigned with the Sportscar Vintage Racing Association with whom it has a permanent medallion as well as other well-known sanctioning bodies. Restored not long ago by Kurt Vogt of Cobra Automotive and in a museum for a number of years

image from http://vintageperformance-autosales.com/gt350r.html who for an unknown reason is trying to sell the car before the auction

Great Shelby memorabilia in the back of this Shelby GT 500 Cobra Mustang

This is not verifiable, but a Shelby GT 350 #6s966 may have been pulled out of a Kansas garage after 30+ years

This story has issues, but notice the photo of the GT 350 doesn't have the H after the GT 350 on the rocker panel decal, and the story claims it is a GT 350 H rent a racer Hertz car with original paint.

the original story http://www2.ljworld.com/news/2011/apr/02/rare-1966-shelby-gt350-fastback-found-garage-lawre but Jalopnik has the story http://jalopnik.com/#!5787316/how-a-66-shelby-gt350-was-hidden-in-trash-for-26-years as March 30th 2011 and writes that it's a Hertz rent a racer GT 350 H, and the Leake Auction website has no story to go with the photo gallery of the GT 350 that does not have an H after the GT 350.

The CNN video news clip never mentions Hertz. http://www.cnn.com/video/#/video/us/2011/04/06/dnt.rare.nustang.found.kctv?hpt=T2

Shelby Forums says that this will be written up in the Spring 2011 issue of the Shelby American http://www.shelbyforums.com/forums/1965-1970-shelby-mustang-gt350-gt500/13464-6s966-found-shed.html

Images from http://www.leakecarauction.com/index.cfm?id=209&auc_code=SA11&year=1966&make=Shelby&model=&keyword=&color=&search=1&lot=474
I learned about this story from Robert L and his link was to the Kansas City Star article: http://www.kansascity.com/2011/04/09/2789114/rare-car-found-hidden-beneath.html

The SAAC forum addresses this story http://saacforum.com/index.php?topic=12348.0 and in the thread they state it was orignally a GT 350 H red and gold, but now has a replacement engine as well as a repaint

If anyone knows more about this, or has read the spring 2011 Shelby American, please drop me an email and add anything you can to this story

Thanks to Chad Lawhorn the story writer from the Lawrence Journal for sending me the link to the original article!

The Shelby GT 350 S, first non white GT 350, it was the Paxton prototype. By the time production would have started the idea changed to an option

found on http://www.paxtonauto.com/article.php?id=3

Click on the image for the full size to read the writing, but basically it's a publicity-press release shot in the event that the GT 350 S were put into production, like the GT 350 H (Hertz rent a racer program)

Magnetic Brain turns up another awesome photo, Shelby American hauler with a load of GT350s, wow

http://magneticbrain.blogspot.com

AC Cobra trivia

According to an article in Cruisin' Style magazine,

there are 6 known original owner 289 Shelby AC Cobras

Shelby Comet. Never heard of that, have you? Did you hear of the Shelby Europa? 14 made

Shelby Europa were just getting started by Claude Dubois, who raced a Ford of Antwerp Shelby Gt 350 in Spa in 1967. They came directly from Ford as semi-finished and completed by Dubois. Now it was not very many, 1971 and 72 made a total of just 14 pieces, including two convertibles.There are eight survivors, three of were in Sweden, then Norway, then to Finland.Well, so was there a special

2011 Shelby Roush SR-71 Mustang Sold $375,000!

2011 Shelby Roush SR-71 Mustang

For the first time ever Carroll Shelby and Jack Roush are teaming up to create a one off Mustang for charity! According to a recently published article by Roush Performance, both Shelby and Roush have met with Ford Motor Company to design and engineer the 2011 SR-71 Mustang which will go up for auction at the Experimental Aircraft Association (EAA) Airventure Aviation Show. All proceeds from the auction will go to support the EAA’s Young Eagles program.

Ford Motor Company has been a proud supporter of EAA and the Young Eagles for the past 15 years by providing various vehicles and donations each year to be raffled and auctioned off. Last year Ford created the AV-X10 Mustang which sold at auction for $250,000. The year prior Ford built another one-of-a-kind Mustang for the Airventure show, the 2008 AV8R Mustang. The AV8R was named after the famous P-51 fighter plane, which played a key role in World War II as a bomber escort. It sold for an amazing $500,000! In 2006 Ford and Shelby donated a Shelby GT-H Mustang, which sold for $250,000.

The 2011 SR-71 Mustang was inspired by the SR71 "Blackbird" spy plane built by Lockheed Martin in the 60s, an airplane that holds the world record for the fastest air breathing manned aircraft in history. The SR-71 Mustang will be packed with tons of unique features including a Whipple Twin Screw Supercharger atop it's 5.0L V8 engine and Carroll's and Jack's signatures embroidered on the seats. The auction for the SR-71 Mustang will take place on July 29th at 7:30 PM CST at the EAA Museum in Oshkosh, Wisconsin.

2011 SR-71 Mustang Features:
-Aluminum block 5.0L engine with a Whipple Twin Screw Supercharger with Ford Racing calibration and Roush intake
-Ford Racing Handling Pack
-Ford Racing tuned exhaust and tips
-SVT Track Pack wheels in custom paint (19" front, 20" rear)
-Glass roof with unique graphic treatment
-Unique matte and silver exterior paint treatment with SR-71 cues
-Custom Recaro race seats featuring embroidered signatures of Jack Roush and Carroll Shelby
-Custom racing steering wheel
-Rear seat removed to accentuate cockpit environment
-Ford Racing performance gauge cluster
-Modified navigation screen and instrument cluster
-Roll cage
-Custom badging, sill plates, and floor mats

2011 Shelby Roush SR-71 Mustang Sold $375,000!

2011 Shelby Roush SR-71 Mustang

For the first time ever Carroll Shelby and Jack Roush are teaming up to create a one off Mustang for charity! According to a recently published article by Roush Performance, both Shelby and Roush have met with Ford Motor Company to design and engineer the 2011 SR-71 Mustang which will go up for auction at the Experimental Aircraft Association (EAA) Airventure Aviation Show. All proceeds from the auction will go to support the EAA’s Young Eagles program.

Ford Motor Company has been a proud supporter of EAA and the Young Eagles for the past 15 years by providing various vehicles and donations each year to be raffled and auctioned off. Last year Ford created the AV-X10 Mustang which sold at auction for $250,000. The year prior Ford built another one-of-a-kind Mustang for the Airventure show, the 2008 AV8R Mustang. The AV8R was named after the famous P-51 fighter plane, which played a key role in World War II as a bomber escort. It sold for an amazing $500,000! In 2006 Ford and Shelby donated a Shelby GT-H Mustang, which sold for $250,000.

The 2011 SR-71 Mustang was inspired by the SR71 "Blackbird" spy plane built by Lockheed Martin in the 60s, an airplane that holds the world record for the fastest air breathing manned aircraft in history. The SR-71 Mustang will be packed with tons of unique features including a Whipple Twin Screw Supercharger atop it's 5.0L V8 engine and Carroll's and Jack's signatures embroidered on the seats. The auction for the SR-71 Mustang will take place on July 29th at 7:30 PM CST at the EAA Museum in Oshkosh, Wisconsin.

2011 SR-71 Mustang Features:
-Aluminum block 5.0L engine with a Whipple Twin Screw Supercharger with Ford Racing calibration and Roush intake
-Ford Racing Handling Pack
-Ford Racing tuned exhaust and tips
-SVT Track Pack wheels in custom paint (19" front, 20" rear)
-Glass roof with unique graphic treatment
-Unique matte and silver exterior paint treatment with SR-71 cues
-Custom Recaro race seats featuring embroidered signatures of Jack Roush and Carroll Shelby
-Custom racing steering wheel
-Rear seat removed to accentuate cockpit environment
-Ford Racing performance gauge cluster
-Modified navigation screen and instrument cluster
-Roll cage
-Custom badging, sill plates, and floor mats

2011 Shelby Roush SR-71 Mustang Sold $375,000!

2011 Shelby Roush SR-71 Mustang

For the first time ever Carroll Shelby and Jack Roush are teaming up to create a one off Mustang for charity! According to a recently published article by Roush Performance, both Shelby and Roush have met with Ford Motor Company to design and engineer the 2011 SR-71 Mustang which will go up for auction at the Experimental Aircraft Association (EAA) Airventure Aviation Show. All proceeds from the auction will go to support the EAA’s Young Eagles program.

Ford Motor Company has been a proud supporter of EAA and the Young Eagles for the past 15 years by providing various vehicles and donations each year to be raffled and auctioned off. Last year Ford created the AV-X10 Mustang which sold at auction for $250,000. The year prior Ford built another one-of-a-kind Mustang for the Airventure show, the 2008 AV8R Mustang. The AV8R was named after the famous P-51 fighter plane, which played a key role in World War II as a bomber escort. It sold for an amazing $500,000! In 2006 Ford and Shelby donated a Shelby GT-H Mustang, which sold for $250,000.

The 2011 SR-71 Mustang was inspired by the SR71 "Blackbird" spy plane built by Lockheed Martin in the 60s, an airplane that holds the world record for the fastest air breathing manned aircraft in history. The SR-71 Mustang will be packed with tons of unique features including a Whipple Twin Screw Supercharger atop it's 5.0L V8 engine and Carroll's and Jack's signatures embroidered on the seats. The auction for the SR-71 Mustang will take place on July 29th at 7:30 PM CST at the EAA Museum in Oshkosh, Wisconsin.

2011 SR-71 Mustang Features:
-Aluminum block 5.0L engine with a Whipple Twin Screw Supercharger with Ford Racing calibration and Roush intake
-Ford Racing Handling Pack
-Ford Racing tuned exhaust and tips
-SVT Track Pack wheels in custom paint (19" front, 20" rear)
-Glass roof with unique graphic treatment
-Unique matte and silver exterior paint treatment with SR-71 cues
-Custom Recaro race seats featuring embroidered signatures of Jack Roush and Carroll Shelby
-Custom racing steering wheel
-Rear seat removed to accentuate cockpit environment
-Ford Racing performance gauge cluster
-Modified navigation screen and instrument cluster
-Roll cage
-Custom badging, sill plates, and floor mats

2011 Shelby GT350 Sports Car

2011 Shelby GT350 Sports Car

SCOTTSDALE – Jan. 18, 2010 – Shelby American, a wholly owned subsidiary of Carroll Shelby International Inc. (CSBI:PK), will fulfill the dreams of enthusiasts by returning the legendary Shelby GT350 to its lineup of American performance cars.

2011 Shelby GT350 Sports Car

The Shelby team unveiled a supercharged concept version of the Mustang-based 2011 Shelby GT350 to the surprise of thousands gathered at the Barrett-Jackson Auction Opening Night Gala to honor the 45th anniversary of the first GT350 and first Shelby big block Cobra.

2011 Shelby GT350 Sports Car

"The 2011 GT350 balances heritage with modern necessity," said Shelby American president Amy Boylan. "Former Hot Wheels and Ford designer Larry Wood joined Vince LaViolette, Walter Cardenas, Andrew Smidt and the rest of our Las Vegas team to help integrate 1965-1970 Shelby styling cues with modern aerodynamics. We worked with Ford Racing to supercharge the engine with a goal of 500 horsepower, as well as to sharpen the handling. Baer Brakes helped engineer the fantastic brakes and we shod the GT350 with 19" modern Cragar wheels and super sticky Goodyear tires. This Shelby is truly a complete performance package"

2011 Shelby GT350 Sports Car

Each Shelby GT350 will be clad in traditional white with Shelby Guardsman blue Le Mans stripes and feature the new Ford V8 coupled to a 6 speed manual transmission and center exit exhaust. Blue Shelby GT350 valve covers and billet caps set off the supercharged engine. The Baer brake system features 6 piston kit in the front, as well as 14″ ERADISPEED rotors in the rear with cooling ducts for all four corners.

2011 Shelby GT350 Sports Car

The suspension was upgraded with new Ford Racing springs, struts, sway bars and adjustable caster/camber plates. The 2011 Shelby GT350 also receives a new front fascia, tail light trim, front splitter, rear deck lid filler panel and rear fascia. Functional scoops are located on the side rockers and hood. GT350 badges on the outside and inside include a Shelby serial number. The A pillar carries a fuel pressure, oil pressure and boost gauge.

2011 Shelby GT350 Sports Car

The Shelby GT350 is a post title program; a customer purchases a car from their local Ford Dealer, which is turned into a GT350 by the Shelby American Team. A limited number will be built in the 2011 model year. The Shelby GT350 up-fit completed by Shelby American has a MSRP of $33,995 and does not include the price of the base car.

2011 Shelby GT350 Sports Car