SAAC Forum

The Cars => 1967 Shelby GT350/500 => Topic started by: BGlover67 on July 17, 2020, 10:42:00 PM

Title: 1967 GT350 no. 002 sells for $264,000!
Post by: BGlover67 on July 17, 2020, 10:42:00 PM
https://www.mecum.com/lots/SC0520-414700/1967-shelby-gt350-fastback/

I know it's easy to miss this after all the air was sucked out of the room from 5R002, but Isn't $264,000 the new record for double digit '67s!  And it didn't even have fender emblems.  :o

Great car, hope it went to a good collector who will be a great custodian of this wonderful piece of history.  Anyone know who that might be?

Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: Kent on July 18, 2020, 02:49:20 AM
Somebody from Wisconsin  ;D
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: DGSOH on July 18, 2020, 07:36:26 AM
It's probably just my bad eyes but did I not see a flat gas cap on that car?
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: Special Ed on July 18, 2020, 07:48:28 AM
This car was bought out of TN by KG a local guy here years ago before john bought it.
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: capecodmustang.com on July 18, 2020, 08:09:21 AM
Quote from: Special Ed on July 18, 2020, 07:48:28 AM
This car was bought out of TN by KG a local guy here years ago before john bought it.


I think Kevin Gibson is who you're referring too...

Kevin offered me the car at the time he was selling it...
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: Hockeylife on July 18, 2020, 08:59:45 AM
Hammer Price : Auction Results In Real Time
Portfolio Report   Saturday, July 18, 2020
1967 Shelby Gt350
1.   
1967 Shelby   SOLD   $240,000 USD
GT350   EST. PRICE   $225K-$325K USD
EXTERIOR   Dark Moss Green
MECUM
INTERIOR   Black
Lot 144    Indianapolis
CHASSIS Nº   Shelby No. 00002 / 67200F50002
July 17, 2020    3:20PM (EST)
Too much mail? Adjust your Hammer Price notification preferences in the app using Settings.
© 2020 Live Auction Results, LLC
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: Bigfoot on July 18, 2020, 09:10:50 AM
Hopefully these cars get driven.
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: Survivor on July 18, 2020, 10:03:54 AM
Not a chance
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: Richstang on July 18, 2020, 10:13:10 AM
Quote from: BGlover67 on July 17, 2020, 10:42:00 PM
https://www.mecum.com/lots/SC0520-414700/1967-shelby-gt350-fastback/

I know it's easy to miss this after all the air was sucked out of the room from 5R002, but Isn't $264,000 the new record for double digit '67s!  And it didn't even have fender emblems.  :o

Great car, hope it went to a good collector who will be a great custodian of this wonderful piece of history.  Anyone know who that might be?

#00002 is actually a 'single digit car' so the price went up.
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: Bigfoot on July 18, 2020, 10:19:55 AM
Quote from: Survivor on July 18, 2020, 10:03:54 AM
Not a chance

Plenty of us do....
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: 1175 on July 18, 2020, 10:49:45 AM
There is no flat gas cap on it.

Jon
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: oldcanuck on July 18, 2020, 11:34:27 AM
I missed it all.... what did 5R002 bring ?

Thanks.
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: FL SAAC on July 18, 2020, 11:38:27 AM
Just a superior low number (#2) example
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: JD on July 18, 2020, 11:41:51 AM
Quote from: oldcanuck on July 18, 2020, 11:34:27 AM
I missed it all.... what did 5R002 bring ?

Thanks.

Look here:

http://www.saacforum.com/index.php?topic=11283.0
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: 67 GT350 on July 18, 2020, 12:36:49 PM
So, does this mean that this car was too much money?

"1967 GT350 no. 002 sells for $264,000" vs. "Someone got a deal"

I guess for me, I would rather buy 2 67 Shelbys...One would think having the 2nd 67 is a cool thing, and it must have been for the top bidder, and that's cool, but would it be cooler to have 2 of them? OK I get the early cars, and the people grasping for straws that want that "one of one" so it can be "rare" with values going lower and lower it seems like you cannot just own a 1967 Shelby, as that is not "rare" enough. Each car is rare because it is the only one with that number, in the world, we hope.

I guess if I had car number 3, 4, 5, 6, 7, 8, or even, number 9, I would be calling that second place bidder and make him a nice deal, then I would happily love to be in the story or forum posting, "someone got a deal" title. 2 TIMES!
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: davez on July 18, 2020, 04:54:36 PM
Quote from: 1175 on July 18, 2020, 10:49:45 AM
There is no flat gas cap on it.

Jon

Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: Shelby_r_b on July 19, 2020, 12:17:26 AM
Quote from: davez on July 18, 2020, 04:54:36 PM
Quote from: 1175 on July 18, 2020, 10:49:45 AM
There is no flat gas cap on it.

Jon

+1. I even ran my fingers along the emblem to see if it was a flat cap with the curved emblem. Nope, curved cap.
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: Shelby_r_b on July 19, 2020, 12:21:28 AM
Quote from: 67 GT350 on July 18, 2020, 12:36:49 PM
So, does this mean that this car was too much money?

"1967 GT350 no. 002 sells for $264,000" vs. "Someone got a deal"

I guess for me, I would rather buy 2 67 Shelbys...One would think having the 2nd 67 is a cool thing, and it must have been for the top bidder, and that's cool, but would it be cooler to have 2 of them? OK I get the early cars, and the people grasping for straws that want that "one of one" so it can be "rare" with values going lower and lower it seems like you cannot just own a 1967 Shelby, as that is not "rare" enough. Each car is rare because it is the only one with that number, in the world, we hope.

I guess if I had car number 3, 4, 5, 6, 7, 8, or even, number 9, I would be calling that second place bidder and make him a nice deal, then I would happily love to be in the story or forum posting, "someone got a deal" title. 2 TIMES!

I truly don't understand. For at least a year, you've been stating that prices are going down. Can you be more specific or show some examples? Which cars?

Enquiring minds want to know.  ???
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: DGSOH on July 19, 2020, 04:36:11 AM
My next question would be should it have a flat gas cap?
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: Shelby_r_b on July 19, 2020, 08:22:12 AM
Quote from: DGSOH on July 19, 2020, 04:36:11 AM
My next question would be should it have a flat gas cap?

Most certainly, IMO.
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: Greg on July 19, 2020, 08:55:06 AM
Quote from: 67 GT350 on July 18, 2020, 12:36:49 PM
So, does this mean that this car was too much money?

"1967 GT350 no. 002 sells for $264,000" vs. "Someone got a deal"

I guess for me, I would rather buy 2 67 Shelbys...One would think having the 2nd 67 is a cool thing, and it must have been for the top bidder, and that's cool, but would it be cooler to have 2 of them? OK I get the early cars, and the people grasping for straws that want that "one of one" so it can be "rare" with values going lower and lower it seems like you cannot just own a 1967 Shelby, as that is not "rare" enough. Each car is rare because it is the only one with that number, in the world, we hope.

I guess if I had car number 3, 4, 5, 6, 7, 8, or even, number 9, I would be calling that second place bidder and make him a nice deal, then I would happily love to be in the story or forum posting, "someone got a deal" title. 2 TIMES!

Not sure where you are getting your information.  The prices aren't going down, in fact, this auction just proved good cars go for top dollar.  Don't buy into the hype that "the world is ending", the next generation doesn't car about the cars "not true".  I have spoken with a lot of 20 somethings that loves the cars but can't afford them. 

No idea how old you are but remember in the 60's, the older generation didn't car anything about "Hot Rods".  Original 30's hot rods are still going for good money but the fiberglass replicas are not.   
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: JD on July 19, 2020, 09:23:15 AM
Quote from: Shelby_r_b on July 19, 2020, 08:22:12 AM
Quote from: DGSOH on July 19, 2020, 04:36:11 AM
My next question would be should it have a flat gas cap?

Most certainly, IMO.
+1 (would certainly think so)
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: BGlover67 on July 19, 2020, 10:04:08 AM
Quote from: JD on July 19, 2020, 09:23:15 AM
Quote from: Shelby_r_b on July 19, 2020, 08:22:12 AM
Quote from: DGSOH on July 19, 2020, 04:36:11 AM
My next question would be should it have a flat gas cap?

Most certainly, IMO.
+1 (would certainly think so)

Unless it came with a Mustang GT gas cap like seen on what is most probably 003 at the Detroit Auto Show of 1967 (actually Nov 26, 1966).  And before the flaming begins claiming it's just a replacement cap after someone in the crowd decided they wanted a souvenir,  I bring up Woody's old car, 145.  Woody, whom I truly miss, was the original owner of a rare grey '67 GT350 and he swore the car was delivered to him with the exact same Mustang GT gas cap in place.  Circumstantial evidence?  Perhaps, but you never know. 
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: roddster on July 19, 2020, 02:29:05 PM
  The flat gas cap required a flat adapter in order to put on the flat gas car emblem.  Back a few years, like SAAC 11 and/or SAAC 15 the rumor had it that about the first 85 cars got flat gas caps, and, now, plus some other later ones.
  Last time I saw 0002 it was complete, not missing much of anything.  Then, Mr Atzbach treated it to  a super restoration. 
  Most of the early cars were alike, other than color.
    And I'm glad it got bid up like it did.
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: JD on July 19, 2020, 10:47:30 PM
Quote from: BGlover67 on July 19, 2020, 10:04:08 AM
Quote from: JD on July 19, 2020, 09:23:15 AM
Quote from: Shelby_r_b on July 19, 2020, 08:22:12 AM
Quote from: DGSOH on July 19, 2020, 04:36:11 AM
My next question would be should it have a flat gas cap?

Most certainly, IMO.
+1 (would certainly think so)

Unless it came with a Mustang GT gas cap like seen on what is most probably 003 at the Detroit Auto Show of 1967 (actually Nov 26, 1966).  And before the flaming begins claiming it's just a replacement cap after someone in the crowd decided they wanted a souvenir,  I bring up Woody's old car, 145.  Woody, whom I truly miss, was the original owner of a rare grey '67 GT350 and he swore the car was delivered to him with the exact same Mustang GT gas cap in place.  Circumstantial evidence?  Perhaps, but you never know. 

That is why I said  (would certainly think so) as I hope you know ;-).

And Yes too, Woody's car - and I suspect other(s) may have too - although we know Woody's was a one owner and verified from the beginning as not having the "convex Shelby" emblem but would likely have not had a flat emblem being over 140 cars later (over 40 days later on Shelby completion date)

Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: rcgt350 on July 20, 2020, 01:59:36 AM
Well from my conversations after that car was purchased, it received a going over, but not an all out full restoration, can anyone add to that?
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: FL SAAC on July 20, 2020, 08:39:29 AM
Hoping that the buyer and seller are happy with the transaction

That's all that matters
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: Bob Gaines on July 20, 2020, 11:34:11 AM
Quote from: rcgt350 on July 20, 2020, 01:59:36 AM
Well from my conversations after that car was purchased, it received a going over, but not an all out full restoration, can anyone add to that?
I knew the car before . It went through a full restoration bumper to bumper . Some years ago after it was restored for John I was brought in to examine it and had a long list of things that needed corrected.  I hadn't examined it since. Obviously there were things that didn't get corrected.
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: gt350hr on July 20, 2020, 05:29:59 PM
   Bob ,
     Shouldn't it be a virtual duplicate of yours? Flat gas cap would be a given IMHO.
  Randy
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: Bob Gaines on July 20, 2020, 06:45:33 PM
Quote from: gt350hr on July 20, 2020, 05:29:59 PM
   Bob ,
     Shouldn't it be a virtual duplicate of yours? Flat gas cap would be a given IMHO.
  Randy
Pretty much.
Title: Re: 1967 GT350 no. 002 sells for $264,000!
Post by: csheff on July 21, 2020, 05:59:42 PM
Watch and listen.