Lot 14

2017   |   Scottsdale Auctions 2017

1964 Shelby 289 Cobra

SOLD $1,100,000


$900,000 - $1,100,000



Car Highlights

Late-Production Rack-and-Pinion 289 Cobra
Equipped with Desirable Weber Carburetor Setup
Show-Quality Restoration by Model Specialist Rare Drive, Inc.
Presented in Original Princess Blue over Black Color Scheme
Successfully Completed Four Cobra Tours Between 2007 and 2013

Technical Specs

289 CID OHV “Hi-Po” V-8 Engine
Four Weber 48 IDM Carburetors
306 HP at 6,000 RPM
4-Speed Borg-Warner T-10 Manual Gearbox
4-Wheel Girling Disc Brakes
4-Wheel Independent Suspension with Transverse Leaf Springs,
Lower Wishbones, and Shock Absorbers

Saleroom Addendum

*Please note this car is titled as an AC.

Register to Bid

Restored by Marque Specialist Rare DriveRoger Badgett Jr., Madisonville, Kentucky (acquired new via Cadiz Motors in 1964)Lloyd Rawls, Orlando, Florida (acquired in 1972)Richard Venino, Sea Girt, New Jersey (acquired from the above in 1979)Paul Rebmann, Plymouth, Michigan (acquired from the above in 1981)Tony Buechler, Elm Grove, Wisconsin (acquired from the above in 1984)Heritage Classics, West Hollywood, California (acquired from the above in 2004)Jeffrey Boston, Wheaton, Illinois (acquired from the above by 2005)Colin Comer, Milwaukee, Wisconsin (acquired from the above in 2005)Current Owner (acquired from the above in 2006)

SAAC-7, Great Gorge, New Jersey, July 1982 (First in 289 Popular Vote and Best Cobra)Super Ford Street Machine Nationals, Springfield, Illinois, October 1982 (Best in Class)SAAC-8, Dearborn, Michigan, July 1983 (First in 289 Popular Vote)Amelia Island Concours d’Elegance, Amelia Island, Florida, March 2007Annual Cobra Tour (2007, 2008, 2011, and 2013)

Of all the great sports cars built during the 1960s, few possess the mystique of the Shelby Cobra. Envisioned by famed racing driver Carroll Shelby and developed by his team of talented engineers, the Cobra successfully combined the best qualities of European competition machinery and California hot rods, creating a distinctive Anglo-American sports car. The classic small-block Cobra, built between 1962 and 1965 in both 260 and 289 forms, achieved an enviable race record and proved instrumental to Ford Motor Company’s dominance of international sports car racing during the period.

The history of this 289 Cobra begins in April 1964, when AC Cars Ltd. shipped chassis CSX2411 to Shelby American’s headquarters in Los Angeles. Consistent with its mid-1964 build date, this Cobra was originally equipped with important late-production features including rack-and-pinion steering, a Ford electrical system, and American-made Stewart Warner instruments. Chassis CSX2411 was originally finished in Princess Blue, a popular choice for the 289 Cobra; 11% of the model’s total production was finished in this attractive metallic blue color.

Upon completion in July 1964, CSX2411 was invoiced to Cadiz Motors Inc. in Kentucky and sold to its first private owner, Roger Badgett Jr., the proprietor of a local auto rental company. According to the definitive Shelby American World Registry, Mr. Badgett enjoyed his 289 Cobra into 1972, with the second owner, Lloyd Rawls of Orlando, Florida, acquiring it later that year. Mr. Rawls retained CSX2411 for at least five years, eventually advertising it for sale in spring 1979. The Cobra was sold to another East Coast enthusiast and then acquired by Paul Rebmann of Plymouth, Michigan, in 1981.

Soon after acquiring CSX2411, Mr. Rebmann performed a restoration, refinishing the Cobra in red lacquer and installing a Weber four-carburetor setup, highperformance camshaft, hood scoop, chrome roll bar, and Halibrand FIA wheels. The restored Cobra went on to great success on the show circuit during the early 1980s, earning major awards at SAAC-7, SAAC-8, and other venues.

In 1984, Tony Buechler of Elm Grove, Wisconsin, purchased the 289 Cobra, and he enjoyed it over the next two decades. In 2004, Mr. Buechler sold CSX2411 to Heritage Classics, a dealer in Southern California, and by 2005 the car was in the hands of well-known Shelby specialist Colin Comer of Milwaukee, Wisconsin.

The current owner, a respected East Coast collector with a stable of outstanding postwar sports cars, acquired CSX2411 from Mr. Comer in 2006. He immediately embarked on a comprehensive restoration, believing that the bright red Cobra was “an invitation for a speeding ticket.”

The decision was made to return CSX2411 to its original configuration, and the car was entrusted to Mark Allin, one of the foremost marque experts in the US. Over the past decade, Mr. Allin’s firm, Rare Drive, Inc., has restored some of the most historically significant Cobras, GT350s, and GT40s. The quality and accuracy of their restorations have been recognized with many prestigious honors, including multiple First in Class awards at the Pebble Beach Concours d’Elegance®. In a recent conversation, Mr. Allin recalled that CSX2411 was “one of the better Cobras that we’ve had to start out with. The chassis was in sound condition, the driveline was correct, and the original aluminum body was all there, with the correct serial numbers stamped on the hood, door, and trunk latches.”

Throughout 2006 and 2007, CSX2411 was completely restored to the highest possible standard, returning the car to its as-delivered Princess Blue over black color scheme. The only deviation from original factory specifications is the car’s hood scoop and optional four Weber carburetor setup on the engine, which is a correct five-bolt 289 Hi-Po, though not the original matching-numbers block. This high-performance arrangement was retained at the consignor’s request, with him remarking, “I love how free-breathing it makes the engine at high revs and how raucous the exhaust note is on light throttle. Only Webers give a Ford V-8 that instant response and sound.”

Since the restoration was completed, CSX2411 has been displayed at the 2007 Amelia Island Concours d’Elegance and has successfully completed four Cobra Tours, an annual event organized by Tom Cotter and Jim Maxwell. During these tours, the Cobra has been enjoyed as was originally intended. According to the consignor, “it’s especially fun to frustrate the 427 Cobra drivers who try to run away from the 289s. They can’t get away from this one…” During his decade-long ownership, the consignor has gone to great lengths to keep the Cobra in outstanding condition. As recently as fall 2016, the Cobra returned to Rare Drive for a service and comprehensive detailing. In keeping with its meticulous presentation, the sale of CSX2411 includes an album of photographs documenting the restoration process, service invoices, a copy of the original invoice to Cadiz Motors, and accessories such as a tool kit, jack, and Tecalemit grease gun. Also included is a copy of the Shelby American World Registry, Fourth Edition.

Finished in its lovely original color scheme, equipped with high-performance Weber carburetors, and restored by a leading model expert, CSX2411 is a particularly appealing example of Shelby’s iconic 289 Cobra. Mark Allin summed it up when he said that this car “offers the best of both worlds – it’s really beautiful on the outside and all business under the hood.” For the collector who has been waiting for the ideal Cobra to become available, we encourage serious consideration of this truly exceptional car.