Question of value for a very rare Shelby 1966 GT350 Convertible

Re: Question of value for a very rare Shelby

This is just my opinion, but it would have the same value as a '66 mustang convertible cloned into one of the ORIGINAL 6 shelbys. I just can't see how you can take a mustang that started out life as a "mustang", used as a "mustang" for 14 years, then put the shelby mods on it and call it a original 66 shelby???? Something just not right about that. Even if Mr. shelby gave his blessing, you can't turn back the hand of time,sorry. Like I said, this is just my opinion, I'm sure some my differ.

 

Re: Question of value for a very rare Shelby

Even though there are only 12 of them, they still weren't manufactured (by Shelby) in the '60's. IMHO that hurts their value despite the Shelby VIN. I wouldn't be so hard as to say they are only worth what a Mustang would bring, but they certainly are worth much much less than a '66 production GT-350 fastback.

If I had to put a number on it I would say 70 % of what a '66 GT-350 of comparable quality is going for.

Z. Ray

 

Re: Question of value for a very rare Shelby

There were 4 original convertibles produced not 6.

 

Re: Question of value for a very rare Shelby

Z.Ray,
Can I assume you meant to say 70% of a '66 GT350 fastback not 70% of one of the original four convertibles?

 

Re: Question of value for a very rare Shelby

I have another opinion to share. I have seen these continuation cars come up for sale publicly at auctions but mostly privately. When these change hands they do so infrequently but at normally the same price as a comparable vintage 66 GT350 fastback in like condition but it is very infrequently. Like condition being the key word. The 1966 vintage produced 66 GT350 convert on the other hand sell for 3 to 4 times as Much as a comparable GT350 fastback. Of course it is hard to gauge as only 2 of the original 1966 made converts has changed hands in recent years. Shelby and his children and grand children still have their continuation GT350 converts after all these years. Those now have got to be some of the longest owned cars Shelby has kept in his collection . That must count for something in regards to legitimacy. I think a continuation 66 GT350 convert would be a key car in any 66 GT350 collection. Just some more thoughts on the subject. Bob

 

Re: Question of value for a very rare Shelby

Besides the correct number of 4 1966 made GT350 converts that A-Snake added, the cars in question are also commonly referred to by the registry/registrar and collectors/enthusiasts alike as Continuation cars and not "follow on".Bob

 

Re: Question of value for a very rare Shelby

One of these 12 (6S2384) went through the 2007 BJ Scottsdale auction. Price with buyer fees for the automatic car was $104,500.

http://www.barrett-jackson.com/application/onlinesubmission/archivecarlist.aspx

 

Re: Question of value for a very rare Shelby

Well, in this case the "you" was Carroll Shelby, he didn't "bless" the build, he initiated it. And of course ALL Shelby cars started out as Mustangs. In this case, simply more time elapsed between the Ford line and Shelby's shop. Remember, Shelby created these 12 cars to replace the one he'd accidentally sold, provide cars for the principals involved, and pay for the project.

 

Re: Question of value for a very rare Shelby

The quantity of 6 was an urban legend just as the one about the pink one. The 4 were green, yellow, red, and blue.

As with original '66 Shelbys, be sure to check with SAAC and the Shelby Registrar, Howard Pardee at 65-66registrar@saac for the known history of the car.

 

Re: Question of value for a very rare Shelby

yes, you are correct, that was my meaning.


These "what's it worth" questions have two distinct answers:

1) what's it worth TO ME

2) what's it worth in the marketplace

Z.

 

Re: Question of value for a very rare Shelby

2007 is ancient history, Since then there has been serious recession & all classic car including Shelby's values, or more accurately, "prices" have dropped like a rock. I can't recall having ever seen more nice cars of every make not meeting the reserve or even getting a single bid.

All expensive toys are hurting. People are actually walking away from yachts because they can't pay the storage or slip rentals.

Z.

 

Re: Question of value for a very rare Shelby

A lot of time has also elapsed between the 1966 427 Cobra, and the ones that Shelby is selling today. We won't be expecting the current crop of 427's to gain much in value anytime soon.

Z.

 

Re: Question of value for a very rare Shelby

MrBeverlyHills ..... Sent you a Private Message on this topic. My e-mail address is rpclnash@cs.com.

 

Re: Question of value for a very rare Shelby

Beautiful Car.......I met you several Years ago at a Show in Birmingham Alabama at the barber Motorsports Park. You were sitting beside your Car. I looked for you at the 45th Event but I guess you didn't make it.
David.

 

Re: Question of value for a very rare Shelby

Hi all on this thread,
These cars were and are in a very narrow market...And remember they are also based on original K code convertibles.The 12 cars planned were not all completed,most likely due to slow sales.They may not sell fast,but when they do sell they are selling for more than a hipo convertible,and for less than a G.T.350.The best answer is whatever the market will allow-as with anything collectible--it should be based on condition-documentation-desireability-rareity.When in doubt,call on a professional appraiser.Auctions have set many prices in strange directions,and may not be a good indication of real world values.Nice cars and good runners-love that sapphire blue!!
Regards P.D.

 

Re: Question of value for a very rare Shelby

Patty,
Yes, Shelby had 289 HiPo engines installed but are you sure these continuation cars began life as a K code Mustang convertible? I don't think the Ford VIN is made public on these.

Which ones were not completed? 10 show individual ownership in the Registry, 2 show being built for Beverly Hills Mustang. (the builder) The Registry states the last two were completed in 1989 and 1993.