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1963 Shelby Cobra 289 Roadster

  • Chassis Number: CSX 2048
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

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 Cobra 289 image  1963 Shelby Cobra 289 image  
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 Cobra 289 image  1963 Shelby Cobra 289 image  
1963 Shelby 289 Cobra
Chassis#: CSX 2095
Sold for USD$682,000
  2020 RM Sothebys : Palm Beach Online
1963 Shelby Cobra 289 image  1963 Shelby Cobra 289 image  
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 Cobra 289 image  1963 Shelby Cobra 289 image  
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 Shelby Cobra 289 image  1963 Shelby Cobra 289 image  
1963 AC Shelby Cobra Mk II 289
Chassis#: CSX2023
Sold for USD$850,000
  2015 Rick Cole Monterey
1963 Shelby Cobra 289 image  
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 Cobra 289 image  1963 Shelby Cobra 289 image  
1963 Shelby AC Cobra
Chassis#: CSX2034
Sold for USD$2,068,000
  2013 Bonhams - Quail Lodge Auction
1963 Shelby Cobra 289 image  
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 Cobra 289 image  1963 Shelby Cobra 289 image  
1963 Shelby 289 Cobra Mk II
Chassis#: CSX 2167
Sold for USD$627,000
  2012 RM Auctions - Monterey
1963 Shelby Cobra 289 image  

Shelby Cobra 289s That Failed To Sell At Auction

1963 Shelby Cobra 289's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1963 SHELBY 260 COBRACSX20342023 Gooding & Company : Pebble Beach $1,750,000$2,500,000
1963 Shelby 289 Cobra Roadstercsx21002023 Mecum : Monterey$700,000$1,000,000$1,200,000
1963 Shelby 289 Cobra RoadsterCSX21952020 Mecum : Indy$800,000$850,000$975,000
1963 Shelby 289 CobraCSX 21952019 RM Sothebys : Scottsdale Arizona $725,000$900,000
1963 Shelby 289 CobraCSX 20952018 RM Sothebys : Monterey $850,000$950,000
1963 Shelby 289 CobraCSX 21492018 RM Sothebys : Amelia Island $1,000,000$1,200,000
1963 SHELBY COBRA CSX2177 ROADSTERCSX21772018 BarrettJackson : Scottsdale   
1963 SHELBY COBRA 289CSX21192014 Bonhams Quail Lodge Auction $1,300,000$1,500,000
1963 Shelby Cobra 289 Roadster CSX 2121CSX 21212012 Mecum's 25th Original Spring Classic Indianapolis$585,000  
1963 Shelby 289 CobraCSX 21972011 RM Auctions at Monterey$540,000$575,000$675,000
1963 Shelby Cobra RoadsterCSX21212009 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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1963 Shelby Cobra 289

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1963 Shelby Cobra 289 Vehicle Profiles