Barn Find: '69 Shelby GT500 Cobra Jet with 8,500 Original Miles

 
 
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A mint condition, 1969, Shelby Mustang GT500 Cobra Jet discovered in the garage of a recently deceased man will soon be going to auction. Though it was covered in dust, the mustang clocked only 8,500 miles on the odometer. Due to the the car's rareness--there were only about 1,000 ever made--people are expecting it to do quite well on the auction block.

Apparently, the '69 Shelby was left by Larry Brown, a resident of Centre Hall, Pennsylvania, who died last year without a wife, children or a will. Records indicate that Brown first purchased the car on May 9, 1969 for $5,245.97 and stop driving it by 1973.

The auction listing for the car notes that it features a 428 Cobra Jet engine matted to a 4-speed transmission. The Mustang, which is scheduled to go under the hammer April 25, also still has it's original paint, tires, belts, hoses, factory steering wheel cover and 1968-dated coded spark plug wires as indicated by Ron Gilligan Auctioneers.

According to the report, Brown's personal belonging also included a few TVs, snow blowers and motorcycles, but it's certainly the '69 Shelby that ranks as the most valuable of the belongings.

Source [Yahoo Autos]

Originall posted to TheMustangSource

 
 
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Hugh Bunyea (Tue, 01 Apr 2014 10:47:59 -0700): O my god what I would do to own this car, somebody is going to be a happy camper.
Frank Dan Spankers Spangler (Tue, 01 Apr 2014 11:06:18 -0700): Now that is one sweet Mustang. If I only have 50 grand sitting around..
Rex Barnes (Tue, 01 Apr 2014 11:52:56 -0700): i wouldnt be surprised if it will go higher then $50k!
Robert Kolompar (Tue, 01 Apr 2014 12:05:25 -0700): To Bad!! the guy waited way to long to sell his Shelby!
Dan Stevenson (Tue, 01 Apr 2014 12:12:13 -0700): I was thinking more like $200K for this car.
David Bowman (Tue, 01 Apr 2014 12:19:14 -0700): Dan Stevenson This will hit 800k
James Jeter (Tue, 01 Apr 2014 12:26:18 -0700): You could never get that for 50k....better bring. A bigger check book
Rob Mears (Tue, 01 Apr 2014 13:17:51 -0700): So with no heirs, who gets the auction money? Why, the government of course!
Ronald A. Lehm (Tue, 01 Apr 2014 14:55:41 -0700): The price is going to be a killer
George Danovsky (Tue, 01 Apr 2014 15:01:00 -0700): This will be interesting..
DeathTongue Opus (Tue, 01 Apr 2014 15:21:51 -0700): you would be lucky to get a 1974 SD 455 Trans Am for 50 grand, this will go for at least $100K on a slow day.
Frank Dan Spankers Spangler (Tue, 01 Apr 2014 16:29:43 -0700): I wasn't going to go any higher than 50 grand is what I meant. Ha ha
Randy Pritschau (Tue, 01 Apr 2014 17:25:07 -0700): NACA duct city. Wow! what a find!! Wish I could bid on it..
(Tue, 01 Apr 2014 17:49:54 -0700): So how much for the Honda lawnmower?
Christian Snook (Tue, 01 Apr 2014 18:44:01 -0700): Literally 40 miles from me. I'll be there!
Terry Mcgrath (Wed, 02 Apr 2014 11:46:55 -0700): one auction I would love to go to, damn!
Chuck McCann (Thu, 03 Apr 2014 06:21:37 -0700): It will take MORE than $50k to buy this one !!!
Chuck McCann (Thu, 03 Apr 2014 06:22:50 -0700): Surprise!!! Surprise !!!
Brian Calder (Fri, 04 Apr 2014 19:24:41 -0700): Barret Jackson has one going for $280k or so...this one should go well over $300k if they TLC the restore (not having been turned over for 40 years)

 




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