Last first gen GT350 up for auction

[shelbymann1970]

The current price of that car is amazing to me, as mentioned it is above 29 of the 40 '66 GT350s sold on BaT and is heading north.  Considering the condition and originality of the car, that boggles my mind.

When an auction is a reserve auction I don't think much of the bid price unless a car sells. It would surprise me if BaT let a car like this have a reserve above 166K but if they pushed it as a "survivor" and "last one made" who knows unless the auction ends at 166K sold. 101K to 166K isn't normal unless we are talking about a nice 65 Shelby, Boss 429, etc. Look, I've been asked to bid on reserve cars before....

Ah, the old Mecum chandelier bids trick.....

Do you remember when the infamous Reggie Jackson ZL-1 Camaro sold at BJ a few years ago? Stalled at around 200K IIRC. Then steve and Craig started telling the drinkers that the car was way under valued. Then it kept going up to 300K-again IIRC- and stalled there for what seemed like an eternity and I swear-again IIRC- Reggie or someone nodded to the auction guy and the car switched back to 290K(?) and sold. This was a no reserve auction and all captured on TV. I think it was talked about on the supercar Camaro site.

[Mikelj5S230]

Yes, I do remember that. BJ has their own ways of jacking the bids up too.

[Bob Gaines]

The current price of that car is amazing to me, as mentioned it is above 29 of the 40 '66 GT350s sold on BaT and is heading north.  Considering the condition and originality of the car, that boggles my mind.

When an auction is a reserve auction I don't think much of the bid price unless a car sells. It would surprise me if BaT let a car like this have a reserve above 166K but if they pushed it as a "survivor" and "last one made" who knows unless the auction ends at 166K sold. 101K to 166K isn't normal unless we are talking about a nice 65 Shelby, Boss 429, etc. Look, I've been asked to bid on reserve cars before....

Ah, the old Mecum chandelier bids trick.....

Do you remember when the infamous Reggie Jackson ZL-1 Camaro sold at BJ a few years ago? Stalled at around 200K IIRC. Then steve and Craig started telling the drinkers that the car was way under valued. Then it kept going up to 300K-again IIRC- and stalled there for what seemed like an eternity and I swear-again IIRC- Reggie or someone nodded to the auction guy and the car switched back to 290K(?) and sold. This was a no reserve auction and all captured on TV. I think it was talked about on the supercar Camaro site.

Reggie was a special customer to them back then and given special treatment IMO. I can remember standing on the stage at BJ with Jim Wicks when one of Reggies cars was going through. Reggie was up there and started bidding up his own car in plain view of everyone. We just looked at each other in disbelief that he would be so blatant. I am not sure who bought the car or if the buyer got clued in so he could get a BJ rebate from the time Reggie started his bids. I would have all been on tape.

[shelbymann1970]

This was the car. Sold for 290(guess I got a good memory, LOL) One of the prior owners in the ownership chain claimed to still have the original body or parts of it. Engine and tags were sold off of it IIRC.  Time flies as it was more than a few years ago. https://www.barrett-jackson.com/Events/Event/Details/1969-CHEVROLET-CAMARO-ZL-1-COPO-COUPE-70622
Here is the story told by the second and "last "owner of the #27 car. See pic

[capecodmustang.com]

Yes, I do remember that. BJ has their own ways of jacking the bids up too.

correct!

[Coralsnake]

Oh the old " I never intended to misrepresent the car" 

How many clone owners say that?

Answer: All of them

In fairness the auction does say "this car has been rebodied"

[shelbymann1970]

Oh the old " I never intended to misrepresent the car" 

How many clone owners say that?

Answer: All of them

The topic spans 15 years now. The guy really didn't as he was a racer and it was a non titled for street race car. Interesting article I have followed since way back then. I'm surprised the engine has not resurfaced. https://www.yenko.net/forum/showthread.php?t=98327&highlight=reggie+jackson

[J_Speegle]

We can all now rest easy on the tag, perfect explanation on why its a bit different...

WOW what a statement !!!

Just focusing on the later half
"shows that the plant was in San Jose which was close to the lax facility and the K code for the motor was a destination to a high performance Shelby"

When was San Jose close to Los Angeles?  (it was really Milpitas nor San Jose Distance between the two about 400 miles

And a "K" code for the motor means it was .... 


Got to love or hate BAT

[Coralsnake]

I think he meant to say "last batch" not "lost batch" regardless this is exactly how misinformation is spread and other informed people latch on to it.

Arguing about if this the last car actually built is silly in my mind. There are obviously some people ( informed or not ) that value the highest number

Its time to cue up 1968 #1 my friend...

[capecodmustang.com]

If the last 66 is at $250,000 with fees...
....What is a Shelby with #0001 worth?

[SBCARGUY]

If the last 66 is at $250,000 with fees...
....What is a Shelby with #0001 worth?

MORE....

[BGlover67]

The underside of this thing kinda reminds of the 1957 Plymouth Belvedere buried a half-century ago and unearthed in '07 out in Tulsa. 

[csx289]

I will not comment on the current $263k bid or what the car is or is not. That train is on autopilot 

I will comment that I am surprised that nobody on BaT (or here) has researched the BaT seller. His history with the Cunningham LeMans Corvette, Key Bank and NextGear financial judging by a simple Google search and what was published in many articles in Sports Car Market by Legal Files columnist John Draneas is interesting reading.

Certainly I'd suggest the winning bidder, if there is one, complete this transaction with a trusted escrow service. Which, is good advice with any high dollar car from an unknown seller, right?

Attached is a screenshot from one of the SCM articles. Also, since the seller owned this GT350 prior to these proceedings, was it declared as an asset? If not would the creditors have a claim to the car or sale proceeds? I'm not an attorney but it seems maybe that's a question one would ask.

Should be a fascinating and entertaining conclusion in any event!

[shelbymann1970]

I will not comment on the current $263k bid or what the car is or is not. That train is on autopilot 

I will comment that I am surprised that nobody on BaT (or here) has researched the BaT seller. His history with the Cunningham LeMans Corvette, Key Bank and NextGear financial judging by a simple Google search and what was published in many articles in Sports Car Market by Legal Files columnist John Draneas is interesting reading.

Certainly I'd suggest the winning bidder, if there is one, complete this transaction with a trusted escrow service. Which, is good advice with any high dollar car from an unknown seller, right?

Attached is a screenshot from one of the SCM articles. Also, since the seller owned this GT350 prior to these proceedings, was it declared as an asset? If not would the creditors have a claim to the car or sale proceeds? I'm not an attorney but it seems maybe that's a question one would ask.

Should be a fascinating and entertaining conclusion in any event!

I'm impressed you found out so much. I see the seller. A private seller so how did you find out who he was? Dealers are easy for the most part. Kudos on your sleuthing.

[csx289]

Shelbymann I'd like to take credit for being tenacious but it is nothing of the sort. If you watch the Hagerty video posted his name is on the screen...I purchased a 289 Cobra from him years ago and it was a far more exciting transaction than I had hoped for. Lol. Others here have had similar experiences. Also, I had friends involved in the Cunningham Corvette saga, unfortunately. So we can all speak from experience.