Shelby Cobra Sold for $2.1 Million at Russo and Steele

[rshelby]

Shelby Cobra Sold for $2.1 Million at Russo and Steele
Ex-Factory Race Car Sets New World Record in Scottsdale

The Russo and Steele Sports and Muscle in Scottsdale Collector Car Auction erupted in a wild bidding frenzy as a 1963 Shelby Factory 289 Cobra race car sold for over $2,000,000.00 on Saturday, January 29th. This figure is more than double the previous high-mark for a factory 289 Cobra, set last year. The hammer price was $2,133,000.00.

The capacity crowd at Russo and Steele went wild as one of the car’s original drivers - the legendary Allen Grant - drove the car onto the auction block. Grant, who was wearing his team winning driving jacket from the ’63 season, took the microphone to tell the crowd of the car’s illustrious history.

The car, chassis CSX2128, was reportedly purchased by an anonymous individual who has vowed to display the car in the Shelby Museum.

Russo and Steele produced their most successful sale to date, with sold cars totaling $10,576,455.00. Four of the top seven cars sold were Shelby American automobiles. Russo and Steele reports that both sales and attendance were both up by well over 50% percent from last year’s sale.

Other cars bringing strong numbers were a 1967 Ferrari 330 GTC ($172,800.00), a McLaren M6B Coupe ($195,480.00), a 1970 Chevrolet Chevelle SS Convertible ($172,800.00) and a Shelby "King Cobra" race car ($576,000.00).

Russo and Steele is passionate about offering the finest in European Sports and American Muscle cars in an intimate setting. This boutique, collector car auction has built an extraordinary reputation on quality, integrity, professional discretion and camaraderie amongst enthusiasts. Their next auction will be in Monterey, CA on August 20th, 2005.

For the full results, please click here.

Story/Photos - Russo & Steele
http://www.classicdriver.com/uk/maga...0.asp?id=12323