Clearly Insane Person Wants $275,000 for '67 Shelby Restomod!

 
 
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mustang-restomod.jpg

by John Coyle
Mustang Forums

The seller claims this is an original 1967 Shelby Mustang, and if he's correct, it seems a little silly to have turned it into a restomod. Sure, the interior and drivetrain have been pulled from a 2009 Shelby, so there's an attempt to maintain the pedigree... But seriously? How high is this person?

As soon as I saw this, I started doing the math on how much it would cost to put something like this together, and I was pleased to see someone had already done the work for me in the comments section of the auction. Here's what they wrote:

"How 'bout $3.75 million for it? C'mon, it's worth way more than $275,000. You've got a 67shelby body (let's say $100k), then an 09 GT 500 drivetrain (let's say $50k) and add in 42,000 hours in labor @ $100 an hour and I think $3.75mil is a good deal. Especially since it's definitely 'one of a kind'. Let me know. You might post this offer to get more interested buyers."

And as if to prove he's a couple of tacos short of a combination plate, the seller responded with the text below.

"thanks for your interest, yes i am sure it is worth much more and i do have a prospective buyer who wants to take it to barrett jackson but isn't sure how much it would bring, i guess one would just have to take it and see!"

Look, I'm not saying this isn't cool. But it's so overpriced that it's never going to sell for anything near this price. And I can't imagine that the deep pocket crowd at Barrett Jackson are going to pony up for baby even if it did roll across the block there. You can check out the eBay listing here.

How much do you think this project is worth? Head over to the Forum and sound off!




 
 
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Ken ServelloJr (Tue, 10 Jan 2012 11:41:27 -0800): that's NOT real Shelby............look at the front end.......some one took a 67/68 & added the parts to it.....more realistic offer? 5 to 6 grand..............
Michael Fournier (Wed, 11 Jul 2012 09:29:08 -0700): Vin number guys only a Shelby vin is a real shelby If that did start out as a shelby they F..ed it up If it has a shelby vin then it was prob. so far gone with rust or old crasher that there was little left of the original car. THIS IS NO million dollar car and a actual ALL Original Shelby GT would be no more then around 300,000-500,000 US$ ONLY a special car that had all the paper work that was one of 4 or five unique cars or was Actually Carol Shelby's Own car or was a original owned by a some other famous person and had all the documentation to prove it MIGHT come close to breaking the 1 million mark and 3 mill your nuts VERY VERY Few cars ever hit that kind of money and they are usually one of a kind one offs that there was Originally only 1-2 cars like it EVER made. Heck I have seen Actual all original 67 side oiler 427 shelby's sell for under $50K Unless they are Unique cars with some kind of distinction as famous original owners or special edition cars (even more special then a Shelby sold at your local ford dealer) I have never seen any Mustang hit the Million Mark. And as for the amount it cost to build vs selling price anyone who has ever modded a car or built a restomod can tell you you rarely get back what you put in to it in time and money that is just the car market most cars are worth more in parts then as a complete car. If you put $16000 worth of mods on a car it does not add $16000 to the value. You can't even strip the parts off the car the day after you put them on it and get back the $16,000 not unless you find a sucker or you bought them from a parts dealer that has a really great return policy.
Matt Connally (Thu, 12 Jul 2012 10:27:01 -0700): If the VIN number is legit and says it's a Shelby it is. As far as the front end comment... Someone COULD change that.. though they would be doing a HUGE disservice to the car.

 




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