The high value attributed to some of America’s finest classic cars was on display at the 2016 Mecum Indianapolis Auction. Several outstanding vehicles were auctioned off at this year’s 29th Mecum Original Spring Classic. There were 2,000 vehicles offered, making it the largest muscle car auction in the world right now. The five vehicles auctioned off for the highest prices are each unique in their own right.
1967 Shelby 427 Cobra Roadster
The top-selling ’67 Shelby 427 Cobra Roadster auctioned off for $1.1 million, but was estimated to be worth $1.1 to $1.3 million. This rare beauty was offered from the Joe McMurrey Collection, along with the owner’s manual, a well-documented history and the original invoice. After accumulating 19,000 miles and passing through a few owners, the first rebuild began in the mid-80s. The Cobra sat in a garage for over two decades before McMurrey purchased the vehicle in 2007. By 2008, he’d had it stripped and completely dismantled down to the bare aluminum. McMurrey verified the originality of all the parts and repainted it in the original finish.
The Cobra Roadster CSX3295 was designed with a Wimbledon White acrylic finish, a black leather interior and Hailbrand knock-off wheels. The Hailbrands wheels, quick jacks and black side pipes were added from the first rebuild during the 1980s. Considering the quality of its originality, drivability and overall performance, McMurrey attests that this CSX3295 is one of the finest vehicles produced in the 427 series. The vehicle is equipped with a 427 CI big block V-8 engine and a 4-speed transmission. This 427 Cobra was sold with just over 20,000 original miles and is listed in the Shelby Registry.
1964 Shelby 289 Cobra Roadster
The ’64 Shelby 289 Cobra Roadster sold for $1 million, and was estimated to be valued at $800,000 to $1 million. The vehicle was purchased in 1964 by the founder of Mercury Marine, an innovative marine engineer who blossomed into becoming the first owner of a multi-car NASCAR team and a two-time NASCAR champion. The vehicle only accumulated 1,800 miles before it was sold to the next owner. In July 1990, an NHRA World Champion purchased the 289 Cobra Roadster with less than 55,000 on the odometer. By 2003, the Cobra was returned to its original specs by the subsequent owner, another renowned Shelby collector.
This speedy Shelby dons a Silver Mink exterior, red leather interior and Class A accessories. The sleek design also features chrome bumperettes, wind wings, a quick-fill fuel cap and chrome knock-off wire wheels. This CSX2271 Shelby is powered by a single 4-barrel Hi-Po 289/271 horsepower CI V-8 engine and a 4-speed transmission. On the inside, this classic car is equipped with the stock rear-view mirror, antenna and radio. This ’64 Cobra CSX2271 was only one of 435 leaf-spring street Cobra models ever built by Shelby.
1965 Shelby GT350 Fastback
The ’65 Shelby GT350 Fastback was estimated to be valued between $350,000 and $450,000, but it was actually auctioned off for $500,000. This exceptional beauty was described as being one of the crown jewels in the Joe McMurrey Collection. The vehicle was manufactured by March 1965, making it one of the first GT350s to be completed at the LAX Shelby facility. The owner history and provenance for this vehicle are well documented in the Shelby Registry. The vehicle has been owned by a number of prominent Shelby collectors who recognized the value of this GT350s early two-digit serial number, No. 41.
Under the hood, this GT350 is powered by a 289/350 horsepower V-8 engine, a 4-speed transmission and a Holley 715 CFM carburetor. The SFM5S041 is also equipped with Tri-Y headers, a side exhaust, a truck-mounted battery and a fiberglass plenum hood from early production. Along with the original engine and carburetor, the standard override traction bars, Koni shocks, 5-spoke Shelby wheels and lowered front suspension were also featured on this GT350. On the outside, this GT350 sports a custom paint-job comprised of Wimbledon White with Blue stripes. On the inside, the black interior, 3-inch competition lap belts, the original dash-mounted horn and 16-inch wood-rimmed steering wheel are some of the most outstanding features.
1970 Plymouth Hemi Cuda
Mecum shows the 1970 Hemi Cuda to be valued at $425,000 to $525,000, and it was sold at the auction for $425,000. The vehicle was sold along with the factory warranty book, the owner’s manual, the original fender tag, the original title and two factory broadcast sheets. This Hemi was sold unrestored and only had one owner up through July 2015. The originality of this Deep Burnt Orange 1970 Hemi Cuda was verified by a renowned Hemi and Mopar expert and was determined to be one of the finest examples of an unrestored vehicle in the entire world.
The vehicle also features matched color-coded wheels and a black interior. Surprisingly, the 426/425 horsepower Hemi engine and 4-speed transmission accumulated less than 11,000 original miles. Inside, this Hemi Cuda is furnished with Hurst Pistol Grip in the console, an AM radio and a pair of vinyl bucket seats. Other notable features for this ’70 Hemi Cuda racer include the Super Track Pack option, a fresh block core casting, new hydraulic lifters, twin Carter AFB carbs, a forged crankshaft and Sure Grip Dana 60 differential.
1972 Ferrari Dino GT
The Ferrari Dino GT was sold for $310,000 at the 2016 Mecum Original Spring Classic. The vehicle was sold with its original yellow paint color, a tan interior, Daytona seats, power windows and air conditioning. This 72′ Dino GT was also sold along with the corresponding jack, tools and books. The vehicle sold was equipped with a 5-speed transmission and a 2.4L 6-cylinder engine. The Ferrari underwent an engine rebuild and received major mechanical services before the auction. The registry verifies that the vehicle was only driven 250 miles since the rebuild. According to Mecum, this Dino GT was also the recipient of the 2013 Platinum Award.
The 2016 Original Spring Classic was a memorable five-day event held at the Indiana State Fairgrounds in Indianapolis from May 17 to May 21. An outstanding array of Shelby models and prominent racecars were unveiled on Friday, May 20. More than 15 vehicles from the Joe McMurrey Collection were offered in this year’s event. Of the 2,000 vehicles offered for auction, 200 were sold with no reserve. The vehicles showcased for the grand finale included a ’71 GTO convertible, a number of Boss 429 Mustangs, a group of Z28 and Yenko Camaros and a pair of Hemi Cudas.
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