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Guess the gavel price for this rare '65 Shelby GT 350

Andy Bolig - December 18, 2013 08:12 AM


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At $4,584, the initial list price was steep, but Shelby had no problem selling 516 street-legal racecars in 1965

Auctions America will offer this 1965 Shelby GT 350 when it returns to South Florida in March

The Fort Lauderdale sale has always been highly successful—in 2013 the three-day event realized more than 17.5 million in sales with 74 percent of all lots sold. Going into its twelfth year in Fort Lauderdale, Auctions America anticipates another thriving sale for 2014 with early highlights including American classics like a 1930 Ford Model A Pickup (stock restored), a 1946 Chrysler Town and Country Convertible, and a 1936 Auburn 852 Supercharged Phaeton, along with European sports cars such as the 1972 Ferrari Dino 246, and muscle cars featuring a 1970 Boss 302 Mustang, a 1970 Chevelle Super Sport LS6, a 1968 Shelby GT350 Convertible, and this 1965 Shelby GT350.

Given that it was the first race-ready vehicle ever produced by an American automaker, the Shelby GT 350 was an immediate hit. In order to qualify for 1965 SCCA/B production competition, Carroll Shelby was required to produce at least 100 cars by February of that year – a deadline he met and later exceeded thanks to heavy demand for his high-performance modified Ford Mustangs. Each 2+2 Mustang fastback delivered by Ford to Shelby’s Los Angeles-area factory was extensively modified. Every GT 350 featured a K-code 289 cubic inch V-8 pushed to 306 horsepower, side-exiting exhausts, fiberglass hood with air scoop, and the rear seat was eliminated. A Ford top-loader four-speed manual transmission and a stiffened suspension rounded out the essential changes. For 1965, all Shelby GT 350s were painted Wimbledon White. At $4,584, the initial list price was steep, but Shelby had no problem selling 516 street-legal racecars in 1965, the first year of production for a legend in the making. Each GT 350 was designed and assembled with the intention of heading off to race tracks – which were soon dominated by the high-performance coupes.

The Shelby American Automobile Club’s World Registry keeps detailed records of each Shelby-modified Mustang made. The Shelby GT 350 represented here is a solid, documented example that was subject to an older restoration. It remains in excellent, well-preserved condition. The car, (SFM5S260) was originally shipped to Koons Ford in Falls Church, Virginia in June 1965. The car was initially purchased by Dr. John Clift of Vienna, Virginia and has a well-established ownership record. The late Carroll Shelby signed the glovebox; a very nice personal touch for one of his creations. The Shelby has blue LeMans stripes and correctly styled Shelby Cragar wheels, including the spare. The Shelby being offered is an easily appreciated example that will not look out of place in any collection of significant performance cars or on any show field.

How knowledgeable are YOU on the current market? Can you predict the price of this highly-favored fastback? Give us your thoughts on what this rare Shelby might bring at the upcoming event. Take a minute and tell us below what you think the final bid will be and why. Good luck!

About Auctions America

The auction, March 14-16, at the Greater Fort Lauderdale/Broward County Convention Center is open to the public for a day rate of $10 or a weekend pass of $25. Children 12 and under will receive free admission. For those unable to attend the event in person, Auctions America offers a broad range of remote bidding options including Internet, absentee and telephone bidding, and the auction will stream live online at, providing real-time coverage of the event. Auctions America is currently inviting consignments for its 2014 Fort Lauderdale sale. For further information, to speak with an Auctions America car specialist, and to view a frequently updated list of entries, please visit or call toll free 877-906-2437 (+1 260-927-9797 outside North America).

Formed in July 2010, Auctions America specializes in the sale of American classics, European sports cars, Detroit muscle, hot rods and customs. Headquartered at the historic Auburn Auction Park in Indiana, Auctions America boasts an expert team of full-time vehicle specialists, who offer over 140 years of combined experience buying, selling, racing and restoring collector vehicles, making them uniquely qualified to advise on all aspects of the hobby. The company’s established roster of annual events are held in some of the country’s leading automotive destinations including Auburn, Indiana; Fort Lauderdale, Florida; and Burbank, California.