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Survivor 1967 GT500 to be sold at the 2013 Barrett-Jackson Auction in Scottsdale, AZ

Discussion in '1965-1970 Shelby Mustang GT350 & GT500' started by rshelby, Dec 28, 2012.

  1. rshelby

    rshelby ShelbyForums Admin Staff Member

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    Survivor 1967 GT500 to be sold at the 2013 Barrett-Jackson Auction in Scottsdale, AZ

    A survivor ’67 GT500 (Lot 5024) will be sold at No Reserve during the 2013 Barrett-Jackson Auction in Scottsdale, Ariz., on January 19, 2013. With only 9,841 miles on the odometer, it may be the lowest mileage ‘67 GT500 in existence.

    The Shelby is currently owned and being offeres by Stephen Becker, president and CEO of Planet Cobra. He specializes in offering 1965 – 1970 Shelby Mustangs to clients internationally. He and Shelby expert Jim Cowles will be on-site to answer questions about the car and meet with individuals and discuss the vintage Shelby market.

    “This car was one of the first GT500’s ever produced by Shelby American,” said Becker. “From its design and performance to its heritage and history, there’s truly nothing like it. It is a testament to the uniqueness of this special survivor Shelby that Barrett-Jackson will feature it as they honor Carroll Shelby this year.”

    Barrett-Jackson plans to honor the late Mr. Shelby, who died in May 2012, with a party commemorating what would have been his 90th birthday on January 11. From the gala to an amazing group of the most desirable Shelby cars that will cross the block, the Scottsdale event will honor the automotive legend.

    “Carroll Shelby was an American icon whose influence will continue to shape the automotive landscape for years,” stated Steve Davis, president of Barrett-Jackson. “The’67 Shelby GT500’s were a major milestone for Shelby American with its big block power and larger platform. Low-mileage survivor cars like this one from Stephen Becker, who is a recognized Shelby expert, are often cited as desirable collectibles. Not only do they provide a way to keep Carroll Shelby’s legacy alive, they are important pieces of history.”

    The car has an intriguing history. In 1966, Edward Milkos decided to order the ’67 Shelby for drag racing. After the car was delivered on February 27, 1967, he spent the next two years competing in races. Unfortunately, his amateur racing career ended when he suffered a serious injury. By the time Milkos healed, fuel prices had raised dramatically and the car was stored in his basement.

    Thirty years later, Milkos traded in the Shelby for a late model car. This GT500 is a Nightmist Blue with black interior, a color combination highly desired by collectors. It is loaded with a 428 Police Interceptor engine and a dual four-barrel carburetion. The car has its original paint, wheel, tires and drive-train. It includes all original documentation including New Jersey license plates and a 1970 inspection sticker.

    Displayed at the Shelby Headquarters in Las Vegas, the GT500 went on tour in 2010 and was one of 20 vehicles invited to the Shelby tribute at the Quail in Monterey. The car also appeared at the SAAC convention.

    Check out the Barrett-jackson website for more info.
     
  2. gjz30075

    gjz30075 Well-Known Member

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    Re: Survivor 1967 GT500 to be sold at the 2013 Barrett-Jackson Auction in Scottsdale,

    Pretty nice for a survivor. I'm guessing it'll hammer at $176K
     
  3. rshelby

    rshelby ShelbyForums Admin Staff Member

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    Re: Survivor 1967 GT500 to be sold at the 2013 Barrett-Jackson Auction in Scottsdale,

    I am guessing a hammer price a little bit higher, but I am confident the seller would want a price much higher than $176K. We will see shortly. I am sure the car will continue to be well hyped and catch somebody's eye....and possibly somebody that may be willing to overspend, but anything can happen at an auction. ;)
     
  4. Bob Gaines

    Bob Gaines Well-Known Member

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    Re: Survivor 1967 GT500 to be sold at the 2013 Barrett-Jackson Auction in Scottsdale,

    It will be interesting to examine it "again " at BJ . I saw it the first time in at the SAAC convention in Utah shortly after it was purchased. I pointed out a number of things that weren't consistent with the time capsule language Stephen was using. Maybe low miles but notice a number of issues (back then) . It appeared it had a hard early drag life . I am sure Stephen is more informed now then he was then as what to look for on 67 Shelby. Not a time capsule back then IMHO. Maybe looks better now with Jim C's help ;) . I will look to see if those issues disappeared . I had heard that they had . I would be careful of the seller using language like "untouched" if they have ;) . Maybe he can use "looks untouched" if it has been massaged :laf: I am sure Stephen will read this . I do hope it sells well.
     

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