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1965 Shelby Mustang GT350 Hardtop

  • Chassis Number: SFM 5S205
Shelby American built 562 examples of the GT350s in 1965. Beginning with the 'K-Code' Mustang fastback, Carroll Shelby and his team transformed and upgraded the car, adding suspension upgrades, improved safety equipment, and modifications to the engine resulting in an increase of approximately 35 horsepower over the standard 'Hi-Po' 289 V-8.

This particular example was received by Shelby American on March 20th of 1965 and work began on the car on April 29th of 1965 and concluded on May 7th. The driveshaft was defective upon arrival at Shelby American, and nearly a month after collection the transmission was determined to have a defective shift fork. Shelby installed a new transmission, and Ford was invoiced $146. After the Shelby Mustang was completed, it was used by the factory for public relations purposes, including demonstrations.

After its promotional duties were finished, the GT350 was shipped to Hi-Performance Motors in Los Angeles, California, on September 17th of 1965. The dealership was invoiced $3,192.30. The GT350 has spent most of its existence in California. In 1971 it was acquired by Don Burke of Northridge who campaigned it in Solo I and autocross events. In 1980 it was purchased by Stephen Connor of Simi Valley, California. Mr. Connor used the car at track events at Willow Springs, Riverside, Ontario, and Laguna Seca over the ensuing decade. It received a restoration in 1991 by New Life Shelby & Mustangs and after completion, won second place in the concours held at the SAAC-17 in Portland in July 1992.

In October of 2015, the car was offered for sale through Hemmings and purchased by the current caretaker in early 2016. During the past few years, it has resided in Florida.

The GT350 currently wears the traditional Wimbledon White with Blue Le Mans stripes color scheme and features a driver's-side Talbot mirror and Shelby Cragar wheels wrapped in Goodyear's 'blue dot' tires. Power is from a K-code 289 cubic-inch V8 backed by a four-speed manual transmission. The battery has been relocated to the trunk, and power disc brakes bring the car to a safe stop. The interior is equipped with bucket seats, three-inch lap belts, and the original fiberglass package tray that carries a covered full-size spare. There is a radio, Shelby tachometer, oil pressure pod, rubber Shelby floor mats, and a wood-rimmed steering wheel.

By Daniel Vaughan | Jun 2020

2020 RM Sothebys : Amelia Island Auction

Pre-Auction Estimates :
USD $375,000-USD $425,000 
Sale Price :
USD $401,000

1965 Shelby Mustang GT350 Auction Sales

Recent Sales of the Ford Mustang GT350

(Data based on Model Year 1965 sales)
1965 SHELBY GT350
Chassis#: SFM5S555
Sold for USD$522,500
  2024 Barrett-Jackson : Scottsdale AZ
 
1965 Shelby GT350 Fastback
Sold for USD$550,000
  2024 Mecum : Kissimmee
 
1965 Shelby GT350 Fastback
Chassis#: sfm5s443
Sold for USD$522,500
  2023 Mecum : Dallas
 
1965 Shelby GT350 Fastback
Chassis#: sfm5s342
Sold for USD$319,000
  2023 Mecum : Indy
 
1965 SHELBY GT350SR FASTBACK
Chassis#: AZ389952
Sold for USD$145,200
  2023 Barrett-Jackson : Scottsdale, Az.
 
1965 Shelby GT350
Chassis#: SFM 5S344
Sold for USD$417,500
  2022 Broad Arrow Auctions : The Passion for the Drive
 
1965 Shelby GT350
Chassis#: SFM 5S398
Sold for USD$417,500
  2022 Broad Arrow Auctions : The Passion for the Drive
 
1965 Shelby GT350
Chassis#: SFM5S089
Sold for USD$395,000
  2022 Broad Arrow Auctions : Monterey Jet Center Auction
1965 Shelby Mustang  GT350 image  1965 Shelby Mustang  GT350 image  
1965 FORD SHELBY GT350 FASTBACK RE-CREATION
Chassis#: 5F09A638638
Sold for USD$99,000
  2022 Barrett-Jackson : Las Vegas
 
1965 FORD SHELBY GT350
Chassis#: SFM5S242
Sold for USD$528,000
  2022 Barrett-Jackson : Scottsdale, Arizona
 
1965 SHELBY GT350
Chassis#: SFM5S257
Sold for USD$687,500
  2022 Barrett-Jackson : Scottsdale, Arizona
 
1965 Shelby GT350
Chassis#: SFM 5S053
Sold for USD$362,500
  2021 RM Sothebys : Monterey
1965 Shelby Mustang  GT350 image  
1965 Shelby GT350 Fastback
Sold for USD$533,500
  2021 Mecum : Indy 2021
 
1965 SHELBY GT350
Chassis#: SFM5S553
Sold for USD$962,500
  2021 Barrett-Jackson : Scottsdale
 
1965 Ford Mustang GT350 Hertz Tribute
Sold for USD$46,000
  2021 GAA : February 2021
 
1965 Shelby GT350
Chassis#: SFM5S291
Sold for USD$385,000
  2021 Gooding : Geared Online : Scottsdale Auction
 
1965 Shelby GT350 Fastback
Sold for USD$500,500
  2021 Mecum : Kissimmee
 
1965 Ford Mustang Shelby GT350 Tribute
Sold for USD$37,500
  2020 GAA : November 2020
 
1965 Ford Mustang Shelby 350-H Clone
Sold for USD$38,500
  2020 GAA : July 2020
 
1965 Shelby GT350 Paxton Prototype
Chassis#: SFM 5S425
Sold for USD$880,000
  2020 Mecum : Indy
1965 Shelby Mustang  GT350 image  

Ford Mustang GT350s That Failed To Sell At Auction

1965 Shelby Mustang GT350's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1965 Shelby GT350 Fastbacksfm5s4592023 Mecum : Indy$325,000$450,000$550,000
1965 Shelby GT350 Fastbacksfm5s4432023 Mecum : Indy$340,000$400,000$430,000
1965 Shelby GT350 Fastback 2023 Mecum : Kissimmee$400,000$450,000$500,000
1965 Shelby GT350SFM 5S1512022 Broad Arrow Auctions : West Palm Beach $425,000$500,000
1965 Shelby GT350 Public Relations Race CarSFM 5S1122022 Broad Arrow Auctions : West Palm Beach $350,000$400,000
1965 Shelby GT350R Fastback 2021 Mecum : Indy 2021   
1965 Shelby GT350R Fastback 2021 Mecum : Glendale   
1965 Shelby GT350SFM 5S0472021 RM Sothebys : Arizona $350,000$400,000
1965 Shelby GT350 Fastback 2021 Mecum : Kissimmee$500,000$1,000,000$1,200,000
1965 Shelby GT350 Fastback 2020 Mecum : Dallas$350,000  
1965 FORD MUSTANG SHELBY GT350 TRIBUTE5F07C6633942020 Coys at Olympia $17,000$22,000
1965 Mustang Shelby GT 350SFM 5S 0702020 Artcurial : Retromobile $200,000$250,000
1965 Shelby GT350 FastbackSFM5S4412020 Bonhams : Scottsdale Arizona $350,000$450,000
1965 Shelby GT350 Fastback 2020 Mecum Auctions : Kissimmee$85,000  
1965 Ford Mustang GT350 Fastback Tribute5F09T6408792019 Historics at Brooklands MercedesBenz World $24,000$28,000
1965 FORD MUSTANG – GT350H TRIBUTEC5AE-6015E (Date 5D9)2019 Coys Blenheim Palace $20,000$25,000
1965 Shelby GT350 FastbackSFM5S0692019 Mecum : Indianpolis$450,000  
1965 Shelby GT350 #47 Coupe 2019 Russo & Steele : Amelia Island $375,000$425,000
1965 Ford GT350 SR Fastback 2018 Russo & Steele : Monterey   
1965 Shelby GT350 Fastback 2017 Mecum : Portland$450,000  
1965 Shelby GT350 FastbackSFM5S1152016 Mecum : Monterey$200,000  
1965 Shelby GT 350 Fastback 2016 Auctions America : Santa Monica$300,000  
1965 Shelby GT350 Fastback 2016 Mecum Indianapolis $350,000$450,000
1965 Shelby GT350SFM 5S3422016 RM Sothebys : Arizona$275,000$325,000$375,000
1965 Shelby GT 350 Tribute Fastback 2015 Auctions America Auburn Fall$35,000  
1965 Shelby GT350 FastbackSFM5S1992015 Mecum : Monterey$310,000$350,000$450,000
1965 Ford Shelby GT350 Hertz Replica 2015 Leake Auction Tulsa, OK$38,000  
1965 Ford Shelby GT350 Hertz Replica 2015 Leake Auction Tulsa, OK$38,500  
1965 Ford Mustang GT350 Clone 2014 Leake Auction : Dallas$23,000  
1965 SHELBY GT350CR PROTOTYPE5R07U1035172014 Mecum Monterey$130,000  

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1965 Shelby Mustang GT350

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