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Fall 2016 1


Over the past year or so we

have noted a quiet but steady in-

crease in the values of 1965

GT350s. This is not to say there

hasn’t been a corresponding in-

crease in the values of other year

Shelbys over the same time frame;

we are just putting the 1965s

under our microscope here.

A side note: it is not our intent

to publicize prices. We have no de-

sire to create any self-fulfilling

prophesies. If SAAC were to say

that, “

1965 GT350s are worth X


(pick a number)” most ‘65s

would suddenly be advertising

prices in that neighborhood with

owners justifying it because,

that’s what SAAC thinks they’re


.” If prices are going to rise,

they can do it without our help.

Without pinning a value on

any cars, we tiptoe around this

subject because we think we may

be seeing something happening

with the values of these cars that

reminds us of what occurred about

thirty years ago, when Cobra

prices began to really take off. In

the 1980s, their rise had been

steady but not meteoric. By the

end of the decade, however, it

seemed like every time a Cobra

sold, it went for $5K or $10K more

than the previous one. Keep in

mind, this was before the instant,

real-time communications af-

forded by the Internet. Back then,

it took time for word to spread.

At any rate, when Cobra val-

ues rose to a certain level, it be-

came very difficult for an owner,

who had purchased his car years

ago for, say, $20,000 to justify not

selling it for $150,000. Very few

owners were looking at long range

appreciation, and nobody believed

Cobras would sell for a million dol-

THIS JUST IN: CSX2000 sells for $12.5M

News flashed across the Internet

on Friday night, August 19th that

CSX2000 sold at the RM Sotheby’s

Auction in Monterey for $12,500,000

(plus a 10% buyer’s commission). The

bidding started at $5M and rose to

$10M where it stalled. Bids after that

were slowly coaxed out of bidders until

they reached $12.5M and it was clear

they would not go any higher

Predictions that the car would sell

for $22M to $25M turned out to be lit-

tle more than wishful thinking. Prices

of most of the Shelby cars (CS’s per-

sonal collection as well as other histor-

ical cars) seemed on the soft side.

CSX2000 was purchased by the Larry

Miller Collection and will be on occa-

sional display at the Shelby American

Collection in Boulder, Colorado.


We are happy to report that SAAC

member and long-time automotive

journalist Marty Schorr of Sarasota,

Florida, was recently awarded a Silver

Medal for his book

Ford Total Perform-


(reviewed inWinter, 2016 issue of

The Shelby American

). The presenta-

tion was made at the International

Automotive Media Competition

(IAMC) at the Concours d’Elegance of

America in July. The event, held at the

Inn at St. John’s in Plymouth, Michi-

gan was formerly known as the

Meadow Brook Concours. Schorr was

the editor of several performance car

magazines in the 1960s, so he writes

from experience. Kudos, Marty!