1965 Shelby Mustang GT 350 R Competition / SFM5R108 Chassis Information

Chassis Num: SFM5R108
Sold for $748,000 at 2006 Gooding & Company.
Sold for $770,000 at 2015 RM Sothebys.
Sold for $742,500 at 2016 RM Sothebys.
Thirty-seven promotional Mustang cars were taken off the assembly line and given high-performance 289 V8 engines. Two were used to pace the Indianapolis 500 and featured a four-speed gearbox and upgraded suspensions. This configuration would later be offered as the top-of-the-line Mustang. The Mustang was one of the most attractive vehicles on the road. With its performance upgrades, it moved closer into the realm of sports car, though it was often outpaced by other marques such as the Pontiac GTO and the Chevelle. Since the car was labeled as a sedan, it was not allowed to compete in SCCA racing. Rules stated that the car had to be sports car. To resolve this issue, Ford turned to Carroll Shelby to build a version of the Mustang that could comply with SCCA Regulations.

The first obstacles to tackle were to convert the car into a two-seater and improve its engine and suspension. A minimum of 100 cars had to be constructed to satisfy homologation requirements. The 100 car rule was proving a little difficult to satisfy, so the decision was made to create both a racing and a street version. A common suspension was used for both versions. The racing version was given a competition engine. Ken Miles worked on developing the vehicles suspension while Bob Bondurant worked on the vehicles handling. Peter Brock, of Shelby American, was given two fastback cars to develop an identity for the new car that would be identifiable to the public.

Since the 100 car rule had to be satisfied in a short amount of time, the project was put under significant pressure to be completed. The cars had to be completed by January of 1965 in order to compete that season. The cars were given 289 cubic-inch Ford V8 engines and matted to a four-speed Borg-Warner aluminum gearbox. The rear end's were 9-inches and had a 3.89 gear ratio. The Ford and Shelby duo had meet the homologation requirements and were given permission to race in SCCA competition for the 1965 season.

The last fifteen cars, with chassis numbers 94 through 108, of the first batch were created into the racing versions. The standard versions produced 271 horsepower. The fifteen racing vehicles had no side or rear window glass, heater, defroster, interior upholstery, interior headliner, insulation or sound deadening material, or exhaust. All non-essential items had been removed to reduce the vehicles weight.

The second batch of racers had chassis numbers 209 through 213. The final four racers had chassis numbers 527 through 540. This totaled 34 and 26 are believed to have survived in modern times.

The 350 R produced between 325-360 horsepower with a single four-barrel Holley carburetor. Additional improvements to the engine included Aluminum hi-rise intake manifolds borrowed from the Cobra. The wheels were American Racing five-spoke magnesium measuring 15x7. Additional welding to the body increased the body's strength. The front and rear bumpers were removed and a fiberglass apron was added. A hood scoop was added to increase the engines breathing and cooling capacity. Some of the cars had Mustang bucket seats while others, mostly the earliest of cars, were given fiberglass racing seats.

There is sometimes confusion on how the vehicle got its name, the '350'. Shelby had asked Phil Remington what the distance was between the race shop and the production shop. Remington had replied, '350 feet'. The name of the car was given GT 350 and the racing versions had an 'R' attached to the end of its name. Other stories have the birth of the name coming from the engine output or the square root of the total floor area in both factories.

The first Ford Shelby Mustang GT 350 R was sent to the Green Valley Raceway in Texas for Ken Miles to compete in the B-Production race held on Valentines Day. In its inaugural debut, it crossed the finish line ahead of the competition. The car was later made into the Shelby team's test car and used by Jerry Titus to test components in racing conditions. In 1965, Titus won the B-Production Championship.

Some of the earliest privateers to order the GT 350 R were Scuderia Filipinetti, Bob Johnson, and Comstock racing. Mark Donohue drove chassis number 105 and had tremendous success with the vehicle. Many of the cars did rather well in each event that they were entered, often beating their rivals, the Chevrolet Corvette.

The last batch of five cars were hard to sell. The price tag of $5,995 was not cheap but it was a very fair price for such a potent racer. These cars were eventually sold to a group of Peru individuals who ran the cars in competition mostly against each other.

In 1965, the GT 350 R won five of SCCA's six divisions. Jerry Titus won the Championship run-offs at Daytona and became the B-Production Champion. He was followed by many other Mustang GT350Rs. Bob Johnson finished second; Tom Yeager in sixth and Mark Donohue finished in 10th. The following year, the GT 350R repeated its victory this time with Walt Hane driving the winning car and being crowned the B-Production Champion.

This 1965 Ford Shelby Mustang GT 350 R Model with chassis number 5R 108 was offered for sale at the 2006 Gooding & Company Auction held in Pebble Beach, Ca. It is powered by a 289 cubic-inch V8 and produces 350 horsepower. It has a four-speed manual gearbox with front disc and rear drum brakes. The vehicle sits atop a 108-inch wheelbase and suspended in place by a independent front and live-rear axle suspension.

This vehicle was delivered as a chassis to the factory on December 18th of 1964. It was made ready for competition in September. Its first owner was Bill Steele of Texas who immediately entered the car in racing competition. At the SCCA national meeting at Green Valley, the car was driven by Mexican Grand Prix and sports car driver, Pedro Rodriguez. Rodriguez beat the factory prototype, chassis number 5R 002, of Jerry Titus and went on to win the B-Production race.

The vehicles next owner was Freddy van Beuren, Jr. who had the car given a green-and-red stripe in Mexican livery. van Beuren won the SCCA Southwest Division title in 1966 and was 3rd at the Riverside run-offs. It was entered into the Daytona 24 Hours race where it completed 313 laps before retiring prematurely. It was raced at Sebring where it was driven by van Beuren and Paul Jett to a sixteenth place finish, and first in the 'Up to 5-Liter' category.

In 1967, van Beuren drove the car at the B-Production Championship at Daytona where he emerged victorious.

It was later sold to Sidney Finkel who raced the car through 1972 and later put it into storage for 10 years. It was later purchased and restored to its Mexican Livery and 1967 Championship winning-state. Since that time it has passed through several more owners and has been a faithful visitor and participant at many historic and vintage racing events.

At auction, this very historically significant GT 350 R was still finished in its Mexican Racing Livery and wearing number 18. The name 'Pedro Rodriguez' can be found on the roof of the vehicle just above the drivers-side door. Bidding was strong, with the final winning bid being $748,000.
By Daniel Vaughan | Mar 2007

Chassis# SFM5R108

2016 RM Sotheby's : Monterey
Pre-Auction Estimates :$850,000-$950,000 
Sale Price : $742,500
2015 RM Sotheyb's : The Andrews Collection
Sale Price : $770,000
2011 The Scottsdale Auction - Gooding & Company
Pre-Auction Estimates :$650,000-$850,000 
Lot was not sold
2006 Gooding & Company Pebble Beach Auction
Sale Price : $748,000


Chassis number SFM5R108 Auction Sales History
2011Pre-Sale Estimates: $650,000 - $850,000

2016 2
2015 1
2014 1
2012 2
2011 1
2009 2
2007 2
2006 2
2005 1
2003 1

YearAvg. SaleHigh Sale# of Sales

Recent Sales

(Data based on Model Year 1965 sales)
1965 Shelby GT350 R
Chassis#: SFM 5R108
Sold for $742,500
  2016 RM Sotheby's : Monterey
Chassis#: CA950181
Sold for $112,200
  2016 Barrett-Jackson : Scottsdale, AZ
1965 Shelby GT350 R
Chassis#: SFM 5R108
Sold for $770,000
  2015 RM Sotheyb's : The Andrews Collection
1965 Shelby Mustang GT350 R
Chassis#: SFM-5R538
Sold for $984,500
  2014 RM Auctions - Amelia Island
1965 Shelby GT350 R
Chassis#: SFM5R106
Sold for $990,000
  2012 RM Auctions - Monterey
1965 Shelby GT350 'R' Model
Chassis#: SFM5R537
Sold for $467,500
  2012 Russo and Steele - Scottsdale
1965 Shelby Mustang GT350 Fastback
Chassis#: SFM5S110
Sold for $173,250
  2011 Worldwide Auctions - The Classics at the Trump Taj Mahal
1965 Shelby GT350 R-Model
Chassis#: SFM5R537
Sold for $396,000
  2009 Russo and Steele - Monterey 2009
1965 Shelby GT350 R-Model
Chassis#: SFM5S384
Sold for $173,250
  2009 Russo and Steele - Monterey 2009
1965 Shelby Mustang GT 350 R Competition
Sold for $852,500
  2007 Monterey Sports and Classic Car Auction
1965 Ford Mustang GT350 R
Sold for $42,900
  2007 Russo and Steele - Scottsdale 2007
1965 Shelby Mustang GT 350 R Competition
Sold for $748,000
  2006 Gooding & Company Pebble Beach Auction

Sold for $990,000
  2006 RM Auctions at Amelia Island
1965 Shelby GT350 R
Chassis#: SFM5R535
Sold for $473,000
  2005 Russo and Steele - Monterey 2005
1965 Ford Shelby GT350 'R' Model
Sold for $206,700
  2003 The Florida Collector Car Auction

No Sale

1965 Shelby Mustang GT 350 R Competition's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1965 Shelby GT350 RSFM 5R2132018 RM Sothebys : Scottsdale, Az. $1,000,000$1,200,000
1965 SHELBY GT350RSFM5R5382018 BarrettJackson : Scottsdale   
1965 Shelby Mustang GT350 RSFM5R5312013 RM Auctions Arizona$730,000$750,000$950,000
1965 SHELBY GT 350 COMPETITION MODELSFM5R5342011 Worldwide Auctions The Auburn Auction   
1965 Shelby GT350 RSFM5R1082011 The Scottsdale Auction Gooding & Company $650,000$850,000
1965 SHELBY GT350RSFMR5R05302011 Russo & Steele Scottsdale, Arizona   
1965 SHELBY GT 350 FASTBACK 2010 Mecum Auction Kansas City, MO$185,000  
1965 Shelby Mustang GT350 R 2009 Mecum Original Spring Classic Auction 22nd Year$500,000  
1965 Shelby Mustang GT350 R 2008 Gooding & Company $700,000$900,000
1965 Shelby Mustang GT350 R Competition FastbackSFM5R5332007 Vintage Motor Cars in Arizona$700,000$750,000$950,000


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