Authentic 1965 Shelby 427 Competition Cobra Up for Sale in January
Shares stage with Dragonsnake Cobra and Cunningham.
While the collector car market is currently experiencing a meteoric rise in values for models which historically have been seen as affordable classics, certain cars and brands have always commanded extremely high values. Of these, authentic and original Shelby A/C Cobras have enjoyed their time as the frontrunners for many an auction. Now, a 1965 Shelby 427 Competition Cobra heads to the auction block early next year in Arizona.
This particular Cobra enjoyed a varied and extensive competition history between 1965 and 1971, where it took home a sheaf of titles from primarily SCCA events. In 1965, the Cobra left the factory under the ownership of Don Russell Jr., the son of the then-Governor of South Carolina. The Cobra was fitted with a less aggressive exhaust for street use, but was decidedly "too wild" for Russell, so it traveled through a host of owners until ending up in the care of the current owner, who sold it and subsequently repurchased it years later.
Along the way, the Cobra lost its original engine, but the buyer will still have a hell of a car, with the Cobra motivated by a non-original 427 (7.0-liter) V-8 engine, pushing out 620 hp.
The non-original engine will result in a lower hammer value, but since the Cobra carries the original 427 Competition modifications, we could still see a price falling well above the million-dollar mark.
The 427 Competition isn't the only Cobra at RM's Arizona auction. The bright metallic pink 1963 Shelby 289 Cobra was one very few cars built to spec with the legendary "Dragonsnake" package. While most Cobras were extremely competitive on the race circuit, only a handful were created to dominate the drag strip. This particular Dragonsnake was prepared independently up to factory specifications, and set numerous NHRA records and took home many titles over its illustrious racing history.
There is yet another European-American hybrid available at the Arizona auction with the inclusion of a stunning 1952 Cunningham C-3 Coupe. After proving his capability on the international racing stage, Briggs Cunningham created a limited run of production cars that were enjoyed by the wealthy elite. A Cunningham racing frame provided the backbone, with the bodywork and design finished by Vignale in Turin, Italy. Power came from a 5.4-liter Chrysler V-8 engine.
Interested in any of these cars? The auction runs on January 28 through the 29th.