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CSX2048 is an early small-block Cobra. It is factory-finished in red and black, the same colors as today. It was invoiced to Shelby American on November 13th of 1962 and shipped to Los Angeles. Factory documents recorded that it was refinished in a custom pearlescent paint finish and used briefly as a show car, followed by storage at the Shelby American warehouse prior to joining the famous 'Ford Custom Caravan' traveling display.
The next owner was Jacques Passino, the head of Ford Motor Company's racing operation. Invoiced to Passino for $5,889.30, after a $300 Ford Motor Company discount, the Cobra was equipped with the Class 'A' accessory package, the aforementioned pearlescent paint finish, chrome wheels, and Goodyear racing tires. The subsequent history of CSX2048 resumes in late-1970, when it was advertised for sale by a Massachusetts-based dealer.
In May 1971, CSX2048 was purchased by Mark Panageotes, of New Hampshire, who ultimately retained the car until the late-2000s. In 1973, the car was repainted in red. He drove the Cobra frequently and regularly. After moving to Kansas, Mr. Penageotes extensively campaigned the Cobra in Kansas State Sports Car Club autocross events. In total, he and the Cobra visited 21 U.S. states and four Canadian provinces, covering a conservatively-estimated 5,000 miles per year, on average, over the years.
In the late-2000s, the car was treated to a complete restoration. In late-2011, after 40 years of ownership, Mr. Panageotes sold his Cobra to another enthusiast. The 289 cubic-inch Ford overhead valve V-8 engine is fitted with a Holley four-barrel carburetor and offers 271 horsepower. There is a four-speed manual transmission and four-wheel hydraulic disc brakes.
In 2012, this car was offered for sale at RM Auction's Monterey, CA sale. It was estimated to sell for $550,000 - $650,000. As bidding came to a close, the car had been sold for the sum of $522,500, inclusive of buyer's premium.By Daniel Vaughan | Nov 2012
The next owner was Jacques Passino, the head of Ford Motor Company's racing operation. Invoiced to Passino for $5,889.30, after a $300 Ford Motor Company discount, the Cobra was equipped with the Class 'A' accessory package, the aforementioned pearlescent paint finish, chrome wheels, and Goodyear racing tires. The subsequent history of CSX2048 resumes in late-1970, when it was advertised for sale by a Massachusetts-based dealer.
In May 1971, CSX2048 was purchased by Mark Panageotes, of New Hampshire, who ultimately retained the car until the late-2000s. In 1973, the car was repainted in red. He drove the Cobra frequently and regularly. After moving to Kansas, Mr. Penageotes extensively campaigned the Cobra in Kansas State Sports Car Club autocross events. In total, he and the Cobra visited 21 U.S. states and four Canadian provinces, covering a conservatively-estimated 5,000 miles per year, on average, over the years.
In the late-2000s, the car was treated to a complete restoration. In late-2011, after 40 years of ownership, Mr. Panageotes sold his Cobra to another enthusiast. The 289 cubic-inch Ford overhead valve V-8 engine is fitted with a Holley four-barrel carburetor and offers 271 horsepower. There is a four-speed manual transmission and four-wheel hydraulic disc brakes.
In 2012, this car was offered for sale at RM Auction's Monterey, CA sale. It was estimated to sell for $550,000 - $650,000. As bidding came to a close, the car had been sold for the sum of $522,500, inclusive of buyer's premium.By Daniel Vaughan | Nov 2012
2012 RM Auctions - Monterey
Pre-Auction Estimates :
USD $550,000-USD $650,000
Sale Price :
USD $522,500
1963 Shelby Cobra 289 Auction Sales
Recent Sales of the Shelby Cobra 289
(Data based on Model Year 1963 sales)
1963 Shelby 289 Cobra Chassis#: CSX 2044 Sold for USD$1,215,000 2024 RM Sothebys : Arizona | |
1963 Shelby 289 Cobra Chassis#: CSX 2135 Sold for USD$1,132,500 2023 RM Sothebys : Monterey | |
1963 Shelby 289 Cobra Works Chassis#: CSX 2129 Sold for USD$4,130,000 2021 RM Sothebys : Monterey | |
1963 Shelby 289 Cobra Chassis#: CSX 2095 Sold for USD$682,000 2020 RM Sothebys : Palm Beach Online | |
1963 Shelby 260 Cobra Chassis#: CSX 2047 Sold for USD$577,000 2020 RM Sothebys : Scottsdale Arizona | |
1963 Shelby 289 Cobra Chassis#: CSX2135 Sold for USD$962,500 2018 Gooding & Company : Scottsdale, Az. | |
1963 Shelby 289 Cobra 'CSX 2075' Chassis#: CSX 2075 Sold for USD$803,000 2017 RM Sothebys : Monterey | |
1963 Shelby 289 Cobra Chassis#: CSX 2082 Sold for USD$615,328 2016 RM Sotheby's : London Sale | |
1963 Shelby 289 Cobra Chassis#: CSX 2188 Sold for USD$1,155,000 2016 RM Sothebys : Amelia Island | |
1963 AC Shelby Cobra Mk II 289 Chassis#: CSX2023 Sold for USD$850,000 2015 Rick Cole Monterey | |
1963 Shelby 289 Cobra Roadster Chassis#: CSX2135 Sold for USD$1,000,000 2015 Mecum : Monterey | |
1963 Shelby 289 Cobra Chassis#: CSX 2147 Sold for USD$990,000 2015 RM Sotheby's : Amelia Island | |
1963 Shelby 289 Cobra Roadster Chassis#: CSX2135 Sold for USD$885,000 2014 Mecum : Indianapolis | |
1963 Shelby 289 Cobra Sold for USD$825,000 2014 Auctions America - Ft Lauderdale | |
1963 Shelby 289 Cobra Chassis#: CSX2044 Sold for USD$924,000 2013 RM Auctions - Monterey | |
1963 Shelby AC Cobra Chassis#: CSX2034 Sold for USD$2,068,000 2013 Bonhams - Quail Lodge Auction | |
1963 Shelby 289 Cobra Chassis#: CSX 2121 Sold for USD$935,000 2013 RM - The Don Davis Collection | |
1963 Shelby Cobra Sold for USD$533,500 2013 Auctions America - Ft Lauderdale | |
1963 Shelby 289 Cobra Chassis#: CSX 2048 Sold for USD$522,500 2012 RM Auctions - Monterey | |
1963 Shelby 289 Cobra Mk II Chassis#: CSX 2167 Sold for USD$627,000 2012 RM Auctions - Monterey |
Shelby Cobra 289s That Failed To Sell At Auction
1963 Shelby Cobra 289's that have appeared at auction but did not sell.
Vehicle | Chassis | Event | High Bid | Est. Low | Est. High |
---|---|---|---|---|---|
1963 Shelby 289 Cobra Roadster | csx2161 | 2024 Mecum : Monterey | $1,100,000 | $1,250,000 | $1,500,000 |
1963 SHELBY 260 COBRA | CSX2034 | 2023 Gooding & Company : Pebble Beach | $1,750,000 | $2,500,000 | |
1963 Shelby 289 Cobra Roadster | csx2100 | 2023 Mecum : 2023 Monterey | $700,000 | $1,000,000 | $1,200,000 |
1963 Shelby 289 Cobra Roadster | CSX2195 | 2020 Mecum : Indy | $800,000 | $850,000 | $975,000 |
1963 Shelby 289 Cobra | CSX 2195 | 2019 RM Sothebys : Scottsdale Arizona | $725,000 | $900,000 | |
1963 Shelby 289 Cobra | CSX 2095 | 2018 RM Sothebys : Monterey | $850,000 | $950,000 | |
1963 Shelby 289 Cobra | CSX 2149 | 2018 RM Sothebys : Amelia Island | $1,000,000 | $1,200,000 | |
1963 SHELBY COBRA CSX2177 ROADSTER | CSX2177 | 2018 BarrettJackson : Scottsdale | |||
1963 SHELBY COBRA 289 | CSX2119 | 2014 Bonhams Quail Lodge Auction | $1,300,000 | $1,500,000 | |
1963 Shelby Cobra 289 Roadster CSX 2121 | CSX 2121 | 2012 Mecum's 25th Original Spring Classic Indianapolis | $585,000 | ||
1963 Shelby 289 Cobra | CSX 2197 | 2011 RM Auctions at Monterey | $540,000 | $575,000 | $675,000 |
1963 Shelby Cobra Roadster | CSX2121 | 2009 Mecum Original Spring Classic Auction 22nd Year | $525,000 | ||
1963 Shelby Cobra 289 | 2009 Automobiles of Amelia Island | $790,000 | $1,000,000 | $1,400,000 | |
1963 Shelby Cobra 289 | 2009 The Scottsdale Auction : Gooding & Company | $525,000 | $600,000 |
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1957 Mercedes-Benz 300 SL Roadster Chassis#:198.042.7500628 Sold for $995,000 2024 Broad Arrow : Monterey | |
2021 FORD GT CARBON SERIES Chassis#:2FAGP9DW5MH200053 Sold for $1,001,000 2024 Barrett-Jackson : Palm Beach | |
2014 McLaren P1 Chassis#:SBM12ABB6EW000051 Sold for $1,006,250 2024 RM Sothebys : Dubai | |
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2019 Porsche 911 GT2 RS 'Weissach' Chassis#:WP0AE2A90KS155248 Sold for $1,006,000 2023 RM Sothebys : The White Collection | |
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2020 Ferrari 488 Pista 'Piloti Ferrari' Chassis#:ZFF90HLA4L0255024 Sold for $995,000 2023 RM Sothebys : Monterey | |
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2022 FORD SHELBY GT500 HERITAGE EDITION Chassis#:1FA6P8SJ1N5500016 Sold for $1,000,938 2022 Barrett-Jackson : Houston | |
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1968 Maserati Ghibli Spyder Prototype by Ghia Chassis#:AM115/S 1001 Sold for $995,000 2022 RM Sothebys : Monterey | |
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1963 Shelby Cobra 289
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