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Rare 1967 Ford Mustang Shelby GT500 to be Auctioned at Barrett-Jackson

Survivor Car to be Sold at No Reserve in Scottsdale

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Rare 1967 Ford Mustang Shelby GT500

Rare 1967 Ford Mustang Shelby GT500

Photo Courtesy of Barrett-Jackson
Update: When all was said and done this rare Shelby GT500 sold on Saturday January 19, 2013 for $192,500.

Barrett-Jackson has announced one of the rarest Shelby Mustangs in the world, a survivor ’67 GT500 Shelby (Lot 5024), will be sold at No Reserve during the upcoming 2013 Barrett-Jackson Auction in Scottsdale, Ariz., on January 19, 2013. The car, which has only 9,841 miles on the odometer, may be the lowest mileage ‘67 GT500 in existence.

Stephen Becker, president and CEO of Planet Cobra, is the current owner of the car. Becker specializes in offering 1965 – 1970 Shelby Mustangs to clients internationally. He and Shelby expert Jim Cowles will be at the upcoming auction to answer questions about the car and meet with individuals interested in the Shelby market.

“This car was one of the first GT500’s ever produced by Shelby American,” said Becker. “From its design and performance to its heritage and history, there’s truly nothing like it. It is a testament to the uniqueness of this special survivor Shelby that Barrett-Jackson will feature it as they honor Carroll Shelby this year.”

Carroll Shelby passed away in 2012. In his honor, Barrett-Jackson plans to hold a party commemorating what would have been his 90th birthday. The event will take place on January 11. From the gala to numerous Shelby cars that will cross the block, the Scottsdale event will focus much of its attention honoring the automotive legend.

“Carroll Shelby was an American icon whose influence will continue to shape the automotive landscape for years,” stated Steve Davis, president of Barrett-Jackson. “The’67 Shelby GT500’s were a major milestone for Shelby American with its big block power and larger platform. Low-mileage survivor cars like this one from Stephen Becker, who is a recognized Shelby expert, are often cited as desirable collectibles. Not only do they provide a way to keep Carroll Shelby’s legacy alive, they are important pieces of history.”

This particular Shelby GT500 has an intriguing history. According to Barrett-Jackson, in 1966, Edward Milkos decided to order the ’67 Shelby for drag racing. After the car was delivered on February 27, 1967, he spent the next two years competing in races. Unfortunately, his amateur racing career ended when he suffered a serious injury. By the time Milkos healed, fuel prices had raised dramatically and the car was stored in his basement.

Thirty years later, Milkos traded in the Shelby for a late model car. This GT500 features a Nightmist Blue exterior with black interior, a color combination highly desired by collectors. Beneath its hood you’ll find a 428 Police Interceptor engine and a dual four-barrel carburetion. The car has its original paint, wheel, tires and drive-train. It includes all original documentation including New Jersey license plates and a 1970 inspection sticker.

The car was displayed at the Shelby Headquarters in Las Vegas and went on tour in 2010. It was one of 20 vehicles invited to the Shelby tribute at the Quail in Monterey and appeared at the SAAC convention.

“This original, unrestored, well documented, all-matching numbers vehicle is one of the rarest Shelby’s ever built,” noted Becker. “This low mileage Shelby still has its original engine, transmission and rear end. I hope that it will go to someone who will understand and appreciate its value. It would certainly be the crown jewel of any collection.”

To learn more about the upcoming 2013 Barrett-Jackson Scottsdale auction, go here.

About Planet Cobra
Planet Cobra been in the business for over 30 years and has access to unlimited contacts, databases and insider information that can help enthusiasts buy or sell a Shelby Cobra or Mustang at the best possible price.

About Stephen Becker
Stephen Becker, well-known and respected Shelby expert, is one of the most prolific authorities on Shelby vehicles. His expertise and in-depth knowledge has been tapped by clients to purchase, consign and restore original Shelbys. Becker has been retained by key auto groups and leaders to authenticate and value Shelby cars. More information is available at www.goplanetcobra.com or by calling Aaron Cook at (214) 520-3430 or acook@tprm.com.

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