Skip to main content

First Ford Shelby Cobra sold for ridiculous amount of money

There were a ton of absolutely insane cars at the RM Sotheby’s Monterey Auction at Pebble Beach, but by far the most monumental was the first Ford Shelby Cobra prototype built on a CX2000 chassis.

The 1962 Cobra, which went on auction last Friday night, sold for a record-breaking $13.8 million, making it the most expensive American car ever to be sold at auction.

Recommended Videos

This 1962 Cobra holds with it an insane amount of history. Firstly, it was the first. It’s what launched Carroll Shelby’s career and his partnership with Ford. Shelby then went on to develop the Ford GT Le Mans race car, which went on to win four consecutive championships.

This 1962 Cobra is the predecessor to the GT, which was the hallmark for American automotive engineering on the world stage.

For the past five decades this 1962 Cobra was within Carroll Shelby’s estate,  and was part of his personal collection. Even the torn up driver’s seat only added to the cars history, and probably had little to no influence on its value. After Shelby’s death in 2012, it was incorporated to the Carroll Hall Shelby Trust before it was moved over to the auction block.

The last record-holding American car to sell at auction was a 1968 Ford GT 40 Gulf/Mirage Lightweight. Yes, it was the same Ford GT 40 to win at Spa and Le Mans and was driven by Jacky Ickx. It sold back in 2012 for $11 million.

Even today, Shelby’s influence is permeating through Ford design. Ford recently brought back the Ford GT to compete in Le Mans once again. And for years Ford has slapped the Shelby badge on its Mustang, but this year’s Shelby GT 350R is a monster of a machine and an even more miraculous drive. Shelby’s attention to detail is clearly alive within Ford.

Imad Khan
Imad has been a gamer all his life. He started blogging about games in college and quickly started moving up to various…
Plug-in hybrids are becoming more popular. Why? And will it continue?
Kia Niro EV Charging Port

There's a lot of talk about the idea that the growth in electric car sales has kind of slowed a little. It's not all that surprising -- EVs are still expensive, early adopters all have one by now, and they're still new enough to where there aren't too many ultra-affordable used EVs available. But plenty of people still want a greener vehicle, and that has given rise to an explosion in hybrid vehicle sales.

That's especially true of plug-in hybrid vehicles, which can be charged like an EV and driven in all-electric mode for short distances, and have a gas engine as a backup for longer distances or to be used in combination with electric mode for more efficient driving.

Read more
EV drivers are not going back to gas cars, global survey says
ev drivers are not going back to gas cars global survey says screenshot

Nearly all current owners of electric vehicles (EVs) are either satisfied or very satisfied with the experience, and 92% of them plan to buy another EV, according to a survey by the Global EV Drivers Alliance.

The survey of 23,000 EV drivers worldwide found that only 1% would return to a petrol or diesel car, while 4% would opt for a plug-in hybrid (PHEV) if they had to replace their car.

Read more
Trump team in sync with Tesla on ending crash-reporting requirements, report says
Beta of Tesla's FSD in a car.

The transition team of President-elect Donald Trump is planning to end existing car-crash reporting requirements to safety regulators, according to a Reuters report.

The report cites a document obtained by Reuters that lays out the transition team’s 100-day strategy for automotive policy. In the document, the team says the crash-reporting requirement leads to “excessive” data collection, Reuters says.

Read more