One of the rarest Shelby Mustangs in the world, 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 owned 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. It was one of 20 vehicles invited to the Shelby tribute at the Quail in Monterey and appeared at the SAAC convention.

“This original, unrestored, well documented, all-matching numbers vehicle is one of the rarest Shelby’s ever built,” noted Becker. “This low mileage Shelby still has its original engine, transmission and rear end. I hope that it will go to someone who will understand and appreciate its value. It would certainly be the crown jewel of any collection.”

 

Well that one should go for the price of a house lol

 

That is a very nice piece of History!!!

 

Fixed that typo in the article.

 

How sweet would that be in the garage....

 

This made me chuckle LMAO!!!

 

Funny because it's true. That's big dollars and lots of guys want it, but it's gonna cost 'em. That's a crying shame though, to have that much car just sitting there and not doing anything, can you imagine how much fun a dual quad 428 would be ? Hell, even the original owner bought it and raced it for two years, he had the right idea.

 

Yeah no doubt. The funny thing is it happens way more often now than it did then. People are buying GT500's or even Mustang GT's and letting them sit because they might be worth something some day. I'm willing to bet there several 07 GT500's out there with no mileage on them that people paid very inflated prices for. They may never see their investment back.

 

I started looking for a Cobra R a few years back. Found more than a few with less than 15 km on the clock. All selling for a premium - wonder if they come with all new gaskets to replace the dried up cracked ones from non-use. What a shame. Those cars are meant to be driven - not looked at. Like cageing a stallion ... literally.

 

I agree, I would love an R. I have to admit I wouldn't put piles of km's on it but I'd be good for a few thousand a year for sure.