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    1966 Shelby Cobra Sells for $5.5 Million

    1966 Shelby Cobra Sells for $5.5 Million
    SCOTTSDALE, Ariz. (Jan. 21) - An 800-horsepower Shelby Cobra, once the personal car of the racing veteran who developed the iconic sports car, has sold for $5.5 million at auction, a record for an American car.

    The sale of the 1966 Shelby Cobra "Super Snake" brought a packed house to its feet Saturday at the Barrett-Jackson Collector Car Auction after a pair of bidders drove the price up.

    Carroll Shelby, 84, who created the Cobra in the '60s using Ford engines and a British sport car chassis, said he built the Super Snake - with twin superchargers on a 427 cubic inch V-8 - and drove it for years.

    "It's a special car. It would do just over three seconds to 60 (mph), 40 years ago," Shelby told the crowd before the sale.

    I killed a buzzard with it," he said. "Nasty, nasty."

    The car had a twin, built for comedian Bill Cosby , but that car was destroyed in an accident while being driven by another owner, according to the Barrett-Jackson Web site.

    Barrett-Jackson said the $5.5 million price tag for the Cobra was not an overall world record car price, since others have sold at auction for more than $11 million. However, it is a world record for American cars, said Steve Davis, Barrett-Jackson president.

    The winning bidder was car collector Ron Pratt of suburban Chandler. Last year, he paid $4.32 million for the Futureliner, one of 12 futuristic buses used for shows in the 1940s and '50s by General Motors.

    Re: 1966 Shelby Cobra Sells for $5.5 Million

    My best friend's father bought one new in 1966 for something like $16,000. Which in the US was not far from the cost of a house at that time. He had kids and sold it a few years later for a profit @ $25,000. He thought he was super smart and made out well (which he did), but kicks himself as the car was an original signed by Shelby and in good condition would be worth $1M today.

    Re: 1966 Shelby Cobra Sells for $5.5 Million

    Damn a car that went that quick 40 years ago....

    Re: 1966 Shelby Cobra Sells for $5.5 Million

    my favorite muscle cars were very high this year, the boss 429 mustangs. The 60's vettes did well also but it seemed to me that the hemis were not as popular as they had been

    There is something really enjoyable about the sound and exhuast smell of the large V8's.

    Re: 1966 Shelby Cobra Sells for $5.5 Million

    I couldnt believe that as I watched it. And its an automatic I couldn't believe some of the money being thrown around. I was like "sheesh I could get a used f1 car for that".

    Re: 1966 Shelby Cobra Sells for $5.5 Million

    911fan said:
    I couldnt believe that as I watched it. And its an automatic I couldn't believe some of the money being thrown around. I was like "sheesh I could get a used f1 car for that".

    I would imagine the "collectors" that are buying this kind of car may never drive it, or drive it once/twice. They are buying an investment that they hope will increase over the next 10 years.

    Re: 1966 Shelby Cobra Sells for $5.5 Million

    somewhere in this look at me on tv and see how rich i am....actually driving any of this stuff,never going short on the 2.4mm hemi cuda convert with a replacementt block that had been totally trashed during its origional drag racing career with joe nobody



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