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This car, chassis number CSX 3040, is one of 31 427 S/C 'Semi-Competition' specification Cobras completed by Shelby-American Motors of Venice, California. The genesis of the S/C began when Shelby found his Cobras in the same FIA-designated Competition GT class as the racing cars in Ford's own GT40 program. Shelby agreed not to campaign the 427 and, with 19 of the 51 cars already ordered by private teams, it was decided that the remaining 31 cars should be completed and marketed as 'the fastest street cars ever built.'
A total of 316 Cobra examples were big block cars, and 31 were 427 Semi-Competition Cobras.
The rolling chassis Shelby Cobra was produced in England by AC Cars, then sent to the United States, where Carroll Shelby would shoe-horn a big, American V8 engine into the engine bay and install necessary mechanical components to cope with the increase in power. Backed by racing luminaries that included Phil Remington, Ken Miles, Pete Broack, and many others, Ford-powered Cobras were virtually unbeatable, clinching the US Manufacturer's Championship three years running—in 1963, 1964, and 1965. The ete Brock-designed Daytona Coupe won the 1965 FIA World Manufacturer's Championship.
Intent on keeping the Cobra ahead of its competitors, the 289 cubic-inch V8 engine was replaced by a big-block 427 V8. Shelby had initially been promised a new aluminum-block version of Ford's 390 FE engine, but corporate infighting at Dearborn left him with an allotment of the heavier cast-iron-block 427. Ken Miles introduced the world to the 427 Cobra at the 12 Hours of Sebring in 1964. Its performance was undeniable, but additional finetuning to the vehicle's handling was needed to rein all all the power. The original 90-inch wheelbase was retained but updated with a four-inch (instead of the previous three-inch) tube frame, a sophisticated coil-over suspension (replacing the previous leaf-spring arrangement), and a seven-inch wider body with larger fenders. Designated Mk III and developed in conjunction with Ford engineers in Detroit, these Cobras with the NASCAR-sourced 427 cu-in Ford V8 produced around 485 horsepower in competition trim.
When the FIA delegates arrived at Shelby American's LAX facility to inspect the 100 cars required to attain homologation for international racing, barely half that number had been built. Failing to pass homologation and facing commercial disaster, Shelby was saddled with 31 completed chassis for which no immediate prospects of sale existed. Approximately 16 specification cars had already been completed for predominantly SCCA-focused customers, and another example was serving as a prototype for test mule.
Shelby's East Coast Sales Representative, Charles Biedler, suggested that the 31 remaining chassis be given mildly de-tuned engines and offer them in road-going guise. Cancelling any outstanding orders for Mk III chassis from AC cars, Shelby re-purposed the remaining unsold Competition chassis into new Semi-Competition–or S/C–form.
With lower compression cylinder heads, horsepower decreased to a slightly more manageable 425. A full-width windscreen was added, but many competition features remained, including the 42-gallon fuel tank, quick-lift jacking points, external filler cap, oil cooler, side exhausts, and a rollover bar.
If the wheels would stick, zero-to-sixty mph was accomplished in barely four seconds, and for the very bold, top speed was well in excess of 165.
This particular example, chassis number CSX 3040, is one of the 31 S/C cars. It was supplied to Hi-Performance Motors of El Segundo, California, on August 24, 1966, and was subsequently sold to Dr. Robert Degnan of Hacienda Heights, California. By 1973 it was owned by Steven Harlock (its second known owner). When he listed it for sale later that year, it reportedly had covered 8,900 miles since new.
By 1979, the Shelby 427 S/C Cobra had relocated to England, entering the ownership of Michael Haywood of Birmingham. He added just 3,100 miles during his tenure before selling it to Peter Briggs in 1980. It remained with Mr. Briggs for over two decades. In 2001, it was purchased by Hong Kong-based collector Chip Connor, who entrusted the car to Mike McCluskey of Torrance, California, for a comprehensive technical evaluation and restoration. Mr. McCluskey dismantled the car at his shop and confirmed that all major areas of the car - bodywork, engine, drivetrain, and interior–remained original. No crash damage was evident.
The sympathetic rebuild preserved originality wherever possible. The engine was entirely rebuilt and bench-tested, and the car's original dash panel, instruments, and seats were restored and retained, while its aluminum inner panels were refurbished and reused wherever possible. The exterior was given a silver color scheme with white competition stripes and white number 'meatballs.' Two yellow flashes on the driver's side front fender were added for an appropriately 'period' touch.
When the work was completed, the Cobra was enjoyed by Mr. Connor for several years prior to its sale to the current caretaker in 2018.By Daniel Vaughan | Apr 2024
The rolling chassis Shelby Cobra was produced in England by AC Cars, then sent to the United States, where Carroll Shelby would shoe-horn a big, American V8 engine into the engine bay and install necessary mechanical components to cope with the increase in power. Backed by racing luminaries that included Phil Remington, Ken Miles, Pete Broack, and many others, Ford-powered Cobras were virtually unbeatable, clinching the US Manufacturer's Championship three years running—in 1963, 1964, and 1965. The ete Brock-designed Daytona Coupe won the 1965 FIA World Manufacturer's Championship.
Intent on keeping the Cobra ahead of its competitors, the 289 cubic-inch V8 engine was replaced by a big-block 427 V8. Shelby had initially been promised a new aluminum-block version of Ford's 390 FE engine, but corporate infighting at Dearborn left him with an allotment of the heavier cast-iron-block 427. Ken Miles introduced the world to the 427 Cobra at the 12 Hours of Sebring in 1964. Its performance was undeniable, but additional finetuning to the vehicle's handling was needed to rein all all the power. The original 90-inch wheelbase was retained but updated with a four-inch (instead of the previous three-inch) tube frame, a sophisticated coil-over suspension (replacing the previous leaf-spring arrangement), and a seven-inch wider body with larger fenders. Designated Mk III and developed in conjunction with Ford engineers in Detroit, these Cobras with the NASCAR-sourced 427 cu-in Ford V8 produced around 485 horsepower in competition trim.
When the FIA delegates arrived at Shelby American's LAX facility to inspect the 100 cars required to attain homologation for international racing, barely half that number had been built. Failing to pass homologation and facing commercial disaster, Shelby was saddled with 31 completed chassis for which no immediate prospects of sale existed. Approximately 16 specification cars had already been completed for predominantly SCCA-focused customers, and another example was serving as a prototype for test mule.
Shelby's East Coast Sales Representative, Charles Biedler, suggested that the 31 remaining chassis be given mildly de-tuned engines and offer them in road-going guise. Cancelling any outstanding orders for Mk III chassis from AC cars, Shelby re-purposed the remaining unsold Competition chassis into new Semi-Competition–or S/C–form.
With lower compression cylinder heads, horsepower decreased to a slightly more manageable 425. A full-width windscreen was added, but many competition features remained, including the 42-gallon fuel tank, quick-lift jacking points, external filler cap, oil cooler, side exhausts, and a rollover bar.
If the wheels would stick, zero-to-sixty mph was accomplished in barely four seconds, and for the very bold, top speed was well in excess of 165.
This particular example, chassis number CSX 3040, is one of the 31 S/C cars. It was supplied to Hi-Performance Motors of El Segundo, California, on August 24, 1966, and was subsequently sold to Dr. Robert Degnan of Hacienda Heights, California. By 1973 it was owned by Steven Harlock (its second known owner). When he listed it for sale later that year, it reportedly had covered 8,900 miles since new.
By 1979, the Shelby 427 S/C Cobra had relocated to England, entering the ownership of Michael Haywood of Birmingham. He added just 3,100 miles during his tenure before selling it to Peter Briggs in 1980. It remained with Mr. Briggs for over two decades. In 2001, it was purchased by Hong Kong-based collector Chip Connor, who entrusted the car to Mike McCluskey of Torrance, California, for a comprehensive technical evaluation and restoration. Mr. McCluskey dismantled the car at his shop and confirmed that all major areas of the car - bodywork, engine, drivetrain, and interior–remained original. No crash damage was evident.
The sympathetic rebuild preserved originality wherever possible. The engine was entirely rebuilt and bench-tested, and the car's original dash panel, instruments, and seats were restored and retained, while its aluminum inner panels were refurbished and reused wherever possible. The exterior was given a silver color scheme with white competition stripes and white number 'meatballs.' Two yellow flashes on the driver's side front fender were added for an appropriately 'period' touch.
When the work was completed, the Cobra was enjoyed by Mr. Connor for several years prior to its sale to the current caretaker in 2018.By Daniel Vaughan | Apr 2024
2024 Broad Arrow Auctions : Amelia
Pre-Auction Estimates :
USD $3,000,000-USD $3,750,000
Sold for Confidential Amount
2018 RM Sothebys : Scottsdale, Az.
Pre-Auction Estimates :
USD $2,000,000-USD $2,400,000
Sale Price :
USD $2,947,500
1966 Shelby Cobra 427 Auction Sales
Recent Sales of the Shelby Cobra 427
(Data based on Model Year 1966 sales)
1966 Shelby 427 Cobra Roadster Sold for USD$1,430,000 2023 Mecum : Kissimmee | |
1966 SHELBY 427 COBRA Chassis#: CSX 3192 Sold for USD$1,050,000 2022 Gooding & Company : Amelia Island Auction | |
1966 Shelby Cobra 427 Chassis#: CSX3205 Sold for USD$995,000 2021 Bonhams : Quail Lodge | |
1966 Shelby 427 Cobra Chassis#: CSX 3242 Sold for USD$1,050,000 2021 Bonhams : Quail Lodge | |
1966 Shelby 427 Cobra Roadster Chassis#: CSX3173 Sold for USD$2,420,000 2019 Mecum : Indianpolis | |
1966 Shelby 427 Cobra Chassis#: CSX 3359 Sold for USD$1,792,500 2019 RM Sothebys : Amelia Island | |
1966 Shelby 427 Cobra Chassis#: CSX 3284 Sold for USD$882,586 2019 RM Sothebys : Paris | |
1966 Shelby 427 Cobra Chassis#: CSX 3102 Sold for USD$995,000 2018 RM Sothebys : Monterey | |
1966 Shelby 427 Cobra Chassis#: CSX 3283 Sold for USD$1,457,500 2018 Gooding & Co. : Amelia Island | |
1966 Shelby 427 Cobra 'Semi-Competition' Chassis#: CSX 3040 Sold for USD$2,947,500 2018 RM Sothebys : Scottsdale, Az. | |
1966 Shelby 427 Cobra Chassis#: CSX 3293 Sold for USD$1,100,000 2017 RM Sotheby's : Arizona Auction | |
1966 Shelby 427 Cobra Chassis#: CSX 3259 Sold for USD$1,210,000 2015 RM Sotheby's : Monterey | |
1966 SHELBY COBRA 427 'SUPER SNAKE' Chassis#: CSX3015 Sold for USD$5,115,000 2015 Barrett-Jackson - Scottsdale | |
1966 Shelby 427 Cobra Chassis#: CSX 3102 Sold for USD$990,000 2015 RM Auctions - Automobiles of Arizona | |
1966 SHELBY 427 COBRA ROADSTER Chassis#: CSX3172 Sold for USD$1,000,000 2014 Mecum - Monterey | |
1966 Shelby 427 Cobra Chassis#: CSX 3359 Sold for USD$1,705,000 2014 RM Auctions at Monterey | |
1966 Shelby 427 Cobra Sold for USD$962,500 2014 Auctions America : California | |
1966 Shelby Cobra Roadster Sold for USD$28,000 2014 Leake Auction : Dallas Spring | |
1966 Shelby Cobra Sold for USD$36,000 2014 Leake Auction : Dallas Spring | |
1966 Shelby 427 Cobra Chassis#: CSX3166 Sold for USD$1,100,000 2013 Gooding and Company - Pebble Beach |
Shelby Cobra 427s That Failed To Sell At Auction
1966 Shelby Cobra 427's that have appeared at auction but did not sell.
Vehicle | Chassis | Event | High Bid | Est. Low | Est. High |
---|---|---|---|---|---|
1966 Shelby 427 S/C Cobra | CSX 3040 | 2024 Broad Arrow Auctions : Amelia | $3,000,000 | $3,750,000 | |
1966 Shelby 427 Cobra | CSX 3237 | 2024 RM Sothebys : Arizona | $1,100,000 | $1,300,000 | |
1966 Shelby 427 Cobra Roadster | csx3283 | 2024 Mecum : Kissimmee | $1,300,000 | $1,600,000 | $1,800,000 |
1966 Shelby 427 Cobra | CSX 3259 | 2023 RM Sothebys : Monterey | $1,200,000 | $1,400,000 | |
1966 Shelby 427 Cobra Roadster | CSX3162 | 2020 Mecum Auctions : Kissimmee | $1,500,000 | $1,500,000 | $1,900,000 |
1966 Shelby 427 Cobra | CSX 3237 | 2019 RM Sothebys : Monterey | $1,100,000 | $1,250,000 | |
1966 Shelby 427 Cobra | CSX3107 | 2019 Gooding & Company : Scottsdale Arizona | $1,100,000 | $1,400,000 | |
1966 SHELBY COBRA ROADSTER | 6F08C259774 | 2018 Premier Auction Group | $40,000 | ||
1966 SHELBY COBRA CSX3239 ROADSTER | CSX3239 | 2018 BarrettJackson : Scottsdale | |||
1966 Shelby 427 Cobra | CSX 3359 | 2017 Bonhams : Quail Lodge | $1,600,000 | $2,000,000 | |
1966 Shelby 427 Cobra | CSX3165 | 2016 Gooding & Company : Pebble Beach | $1,200,000 | $1,600,000 | |
1966 SHELBY 427 COBRA | 2014 Mecum Dallas | $300,000 | |||
1966 Shelby 427 Cobra | 2013 Worldwide The Houston Classic | ||||
1966 AC Shelby Cobra 427 MkIII | CSX3259 | 2010 Bonhams Quail Lodge | $650,000 | $750,000 | |
1966 Shelby Cobra 427 Roadster | CSX3209 | 2010 Mecum Auctions Monterey | $850,000 | ||
1966 Shelby Cobra 427 Roadster | CSX3301 | 2009 Mecum Original Spring Classic Auction 22nd Year | $600,000 | ||
1966 Shelby Cobra 427 | 2009 The Scottsdale Auction : Gooding & Company | $750,000 | $850,000 | ||
1966 Shelby Cobra 427 | CSX3301 | 2008 Sports & Classics of Monterey by RM Auctions | $775,000 | $800,000 | $900,000 |
1966 Shelby Cobra | 2008 Dana Mecum's Original Spring Classic Auction | $80,000 | |||
1966 Ford Cobra 427 | 2008 RM Auctions Classic Car Auction of Toronto Spring | $17,250 | |||
1966 Shelby Cobra 427 | 2007 Gooding & Company | $800,000 | $900,000 | ||
1966 SHELBY COBRA REPLICA | 2007 Palm Springs Exotic Car Auctions February 2325, 2007 | ||||
1966 Shelby 427 Competition Cobra | 2002 Monterey Sports and Classic Car Auction | $530,000 |
Vehicles With Comparable Market Values
Similar sales to the $959,741 range.
1965 Shelby 289 Cobra Roadster Chassis#:csx2516 Sold for $962,500 2024 Mecum : Kissimmee | |
2005 Porsche Carrera GT Chassis#:WP0ZZZ98Z6L000067 Sold for $960,261 2023 Bonhams : The Zoute Sale | |
1974 FERRARI DINO 246 GTS Chassis#:08512 Sold for $967,500 2023 Gooding & Company : Amelia Island Auction | |
1993 Porsche Turbo S 'Lightweight' Chassis#:WP0ZZZ96ZPS479014 Sold for $962,000 2023 RM Sothebys : Arizona | |
2011 Ferrari 599 SA Aperta Chassis#:ZFF72RDB000183747 Sold for $961,678 2022 RM Sothebys : London | |
1928 Rolls-Royce Phantom I Ascot Dual Cowl Sport Phaeton Chassis#:S304KP Sold for $967,500 2022 Worldwide Auctioneers : The Auburn Auction | |
2015 Ferrari 458 Speciale Aperta Chassis#:ZFF78VHA5F0213621 Sold for $962,500 2022 Mecum : Monterey | |
2011 Ferrari 599 GTO Chassis#:ZFF70RCA6B0176109 Sold for $967,500 2022 Broad Arrow Auctions : Monterey Jet Center Auction | |
1971 Chevrolet Corvette ZR2 Convertible Sold for $962,500 2022 Mecum Indy | |
1966 Ferrari 330 GTC Speciale by Pininfarina Chassis#:8727 Sold for $967,500 2022 RM Sothebys : Arizona | |
1933 Delage D8 S Cabriolet by Pourtout Chassis#:38237 Sold for $960,434 2021 RM Sothebys : The Guikas Collection | |
1934 Riley MPH SPORTS TWO SEATER Chassis#:44T 2246 Sold for $967,500 2021 Bonhams : Quail Lodge | |
2004 KOENIGSEGG CCR Chassis#:YT9M1G0V8L2007011 Sold for $967,459 2021 RM Sothebys : Milan 2021 | |
1996 ALFA ROMEO 155 V6 TI ITC Chassis#:SE065 005 Sold for $960,641 2021 RM Sothebys : Milan 2021 | |
1965 Shelby 289 Cobra Chassis#:CSX 2547 Sold for $967,500 2021 RM Sothebys : Amelia Island Auction | |
1965 SHELBY GT350 Chassis#:SFM5S553 Sold for $962,500 2021 Barrett-Jackson : Scottsdale | |
1954 Aston Martin DB2/4 Drophead Coupe Chassis#:LML/506 Sold for $968,000 2021 Gooding : Geared Online : Scottsdale Auction | |
2019 Ford GT 'Lightweight' Chassis#:2FAGP9CW1KH200033 Sold for $967,500 2021 RM Sothebys : Arizona | |
1971 Plymouth Cuda Convertible Sold for $962,500 2021 Mecum : Kissimmee | |
1972 Porsche 916 Chassis#:9142330011 Sold for $957,000 2020 RM Sothebys : Shift/Monterey |
1966 Shelby Cobra 427
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