Lot 150

2014   |   Pebble Beach Auctions 2014

1965 Shelby 289 Cobra

SOLD $847,000


$800,000 - $1,000,000


CSX 2567

Car Highlights

One of Only 453 Street 289 Cobras
Late-Production, Rack and Pinion Example
Originally Finished in the Rare Color Scheme of Silver over Red
Displaying Plaques from Several West Coast Sports Car Club Events
Offered with Important Original Components

Technical Specs

289 CID OHV Hi-Po V-8 Engine
Single Holley 4-Barrel Carburetor
271 HP at 6,000 RPM
4-Speed Manual Gearbox
4-Wheel Girling Disc Brakes
4-Wheel Independent Suspension with Transverse Leaf Springs, Lower Wishbones, and Shock Absorbers
Register to Bid

Late-Production, Rack and Pinion ExampleCarey Kendall, Santa Barbara, California (acquired in the mid-1980s)Fine Car Store, San Diego, California (acquired from the above by June 1988)Jim Daugherty, Las Vegas, Nevada (acquired from the above before 1990)Current Owner (acquired from the above)

Greystone Mansion Concours d’Elegance, Beverly Hills, California, May 2014

Of all the great sports cars built during the 1960s, few posses the legendary mystique and reputation of the original Shelby Cobra. Envisioned by Carroll Shelby and developed by the best engineers in American motor sports, the Cobra successfully combined the best attributes of European sports cars and California hot rods to create a distinctive Anglo-American character.

The classic small-block Cobra, built between 1962 and 1965, achieved an enviable race record and proved instrumental to the Ford Motor Company’s success in international sports car racing during the mid-1960s. In all, AC and Shelby American built 655 small-block Cobras, of which just 453 were specified as 289 street cars.

The story of this 289 Cobra begins in September 1964, when AC Cars Ltd. shipped CSX 2567 aboard the SS Alblasserdyk to Shelby American Inc. in California.

Upon its arrival at Shelby’s new workshop at Los Angeles International Airport, CSX 2567 began its transformation from a partially assembled AC sports car into a complete 289 Cobra. Consistent with its fall 1964 build date, this leaf-spring Cobra was originally equipped with desirable, late-production features such as wider fender fares, 6" wheels, side vents, rack and pinion steering, a 3.77:1 rear-axle ratio, Ford electronics, and American-made Stewart Warner instruments.

One of only 43 small-block Cobras originally painted silver, CSX 2567 was specifed with an attractive red leather interior and a selection of Class “A” accessories including whitewall tires. After serving as a Shelby American factory demonstrator, the “new” 3,200-mile Cobra was invoiced to Hi-Performance Motors, Inc. in Los Angeles on November 30, 1964, and sold to its frst private owner.

Though the name of the original owner is not recorded, several event plaques afixed to the dashboard suggest that CSX 2567 participated in various regional sports car club rallies and races throughout 1964 and 1965.

Some time later, most likely during the 1970s, the Cobra was placed in static storage, and it wasn’t until the mid-1980s that Carey Kendall of Santa Barbara discovered the long-forgotten sports car. At the time, CSX 2567 still wore its original California black plates “PGE 666” and its odometer displayed just 37,000 miles. Consistent with its early competition history, the Cobra was found with high-performance equipment, such as rounded fender fares, a black roll bar, Impact-brand seat belts, and a hood scoop.

Following Mr. Kendall’s ownership, the Cobra was sold to the Fine Car Store in San Diego and was eventually acquired by Jim Daugherty of Las Vegas.

Early in Mr. Daughtery’s ownership, the 289 Cobra was campaigned in vintage racing events and was prepared for track use with six-spoke Halibrand wheels, side pipes, a competition windscreen, differential cooler, brake and oil cooler scoops, as well as a race engine running Weber carburetors.

Today, this late-production 289 Cobra presents its new owner with a wide array of possibilities. As offered, CSX 2567 can be restored to its original street-car specifications, prepared for further competition use, or simply maintained in its present time-warp condition.

Significantly, the Cobra is offered with many original components that were removed during its brief career as a vintage race car. Among the collection of spare parts are important items, such as the windshield; grille; bumpers; wire wheels; gas tank; and 289 engine block, no. 00029, which corresponds to the number stamped on the foot box data plate.

In recent months, CSX 2567 has been inspected by marque specialists and was found to be a remarkably genuine example, retaining many of the hallmarks of a fundamentally original and unrestored Cobra. The chassis-number stampings are present in the expected locations, much of the original interior has been retained, and the body’s inner fberglass structure and aluminum skin appear sound and free from signifcant alterations.

As a late-production, rack and pinion street car, CSX 2567 is a particularly rare and desirable example of Carroll Shelby’s original sports car. Consider then its attractive original color combination, status as a factory demonstrator, fascinating early history, and authentic character, and you have a car that possesses all the qualities one looks for in a 289 Cobra.