Two Cobras break the $1 Million Barrier at Auction

Shelby Cobras stole the show at Mecum’s Indianapolis auto auction

At the most recent Mecum auction held this past weekend in Indianapolis, muscle cars made the show but the Cobras shut it down with bidding reaching seven figures.

The highlight of the sale was a 1967 Cobra 427 with a tad over 20,000 original miles that underwent a restoration recently. That particular Cobra sold for $1.1 million.

A 1964 Cobra with a 289 cubic inch V8 was the second highlight with bidding working up to $1 million later that same day. The 289 had many options and was a striking silver-blue with a red leather interior.

The two Cobras along with a 1965 GT350 were all part of the Joe McMurray collection. The GT350 sold for $500,000 and was unique in its own right because it was one of the first built for homologation purposes in SCCA races. Number 41 out of 100 examples built for homologation, the vehicle was very well known within the Shelby collector World.

As previously stated, muscle cars were big at the Mecum’s auction in Indianapolis this past weekend. A $425,000 1970 Plymouth Hemi Cuda and a $260,000 Mustang Boss 429 each selling. Also notable, a 1972 Ferrari Dino GT made the top five sales that auction selling for $310,000.

A total of 1,094 cars were sold of the 1,567 that were sent down the auction lane. Mecum’s next collector car auction is coming up on June 17, 2016 in Portfand Oregon.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top