Lot 24

2017   |   Pebble Beach Auctions 2017

1965 Shelby 289 Cobra


$1,200,000 - $1,400,000



Car Highlights

Offered from Current Ownership of over 41 Years
Documented by SAAC as an Independently Prepared Race Car
Exacting, No-Expense-Spared Restoration by Marque Specialist
Documented with Restoration Receipts and Photographs
An Expertly Presented Cobra with Excellent Provenance

Technical Specs

289 CID OHV Hi-Po V-8 Engine
Four Weber Downdraft Carburetors
Estimated 420 BHP
4-Speed Manual Gearbox
4-Wheel Hydraulic Disc Brakes
4-Wheel Independent Suspension with Transverse Leaf Springs and Shock Absorbers

Saleroom Addendum

*Please note that this vehicle is titled as a Ford.

Register to Bid

Paul Wood, Birmingham, Alabama (acquired new in 1964 via Foreign Car Center)Pat Colletti, Tucson, Arizona (acquired circa 1973)Current Owner (acquired from the above through Marc Hefte in 1976)

SCCA Regional, Baton Rouge, August 1965, Wood, No. 4 (2nd Overall,1st in A Production)SCCA National, Courtland, Alabama, May 1966, Wood, No. 72 (6th Overall, 2nd in A Production)SCCA Regional, Commissioner’s Cup, Montgomery, Alabama, June 1966, Wood, No. 66 (2nd Overall, 1st in A Production)SCCA National, Confederate Grand Prix, Courtland, Alabama, July 1966, Wood, No. 72 (Result Unknown)SCCA National, Montgomery, Alabama, August 1966, Wood, No. 72 (Result Unknown)SCCA Regional, Savannah, Georgia, May 1967, Wood, No. Unknown (4th in B Production)SCCA Regional, 9th Annual Heart of Dixie, Courtland, Alabama, May 1967, No. 181 (DNS)SCCA Regional Commissioner’s Cup, Montgomery, Alabama, June 1967, Wood, Walker, No. 81 (Result Unknown)

Of all the great 1960s sports cars, few have become as iconic and influential as the Shelby Cobra. When Le Mans-winning driver Carroll Shelby retired from racing, he turned to his longtime dream of building a sports car of his own. Upon hearing of Ford’s new lightweight, small-block V-8, he quickly seized the opportunity to mate it to an AC Ace, and the Cobra was born. The result successfully combined California hot rod know-how with European chassis dynamics, and in competition trim, Cobras achieved an impressive race record. They were a key force in Ford Motor Company’s dominance of international sports car racing during the period.

The exceptional 289 Cobra offered here, CSX2448, is documented by the SAAC as an independently prepared race car and was originally purchased in December 1964 by Paul Wood of Birmingham, Alabama. The consignor reports that Bob Wallace, a top local mechanic, immediately began to prepare it for SCCA production-class racing. James Massie, a friend of Wood and Wallace, related that the two raced the car all over the southeastern US, documented by period photos and race history that accompany the sale of the car. The consignor’s research revealed race results that include a 2nd Overall and 1st in A Production at the 1965 Baton Rouge SCCA regional; 6th Overall and 2nd in A Production at the Courtland, Alabama, SCCA national in 1966; and a 2nd Overall and 1st in A production at the 1966 SCCA Regional Commissioner’s Cup in Montgomery. Period images depict the Cobra on track with various European sports cars, including a Jaguar D-Type, Porsche Abarth, and an Alfa Romeo Giulia Sprint.

The Cobra was sold to Pat Colletti of Arizona around 1973, and the consignor purchased it from him in 1976. The consignor planned to rebuild the car for vintage racing, but circumstances led to it remaining in dry storage in California for the next 30 years. In 2006, Stewart Hall of Hall Fabrication and Racing, a highly regarded Shelby restorer, agreed to bring CSX2448 back to its former glory.

The goal for the restoration was to spare no expense to achieve the highest period-correct result, using 1965-era techniques wherever possible. Receipts totaling over $460,000 and numerous photographs document great attention to detail. The consignor wanted a car that would be competitive whether at concours events or in vintage racing, while also affording him the pleasure of driving a 289 Cobra in its ultimate competition specification on the street.

Careful attention was paid to preserving the originality of CSX2448. The consignor states that the car retains its original body and frame and that the original foot boxes remain, with the unrestored chassis tag never having been removed. According to the consignor, the hood and trunk lid were restored without removing them from their original tube frames so that the original rivets would remain undisturbed. Careful metalwork was performed where needed, and period-correct black lacquer paint was chosen to show off the quality of the hand-finished bodywork.

Chassis CSX2448 is fitted with numerous rare and high-quality parts, such as NOS Shelby American big brakes, twin aluminum fuel tanks, a differential cooler, 6 1/2" and 8 1/2" pin-drive magnesium Halibrand wheels, meticulously restored Koni adjsutable racing shocks, front and rear anti-roll bars, and Shelby competition steering arms. The engine is a race-specification, Weber-equipped 289 built by Tony Oddo Sr. and Tony Oddo Jr. of T.O.E. Performance in Suisun City, California. It is a 1964 C4OE-6015 289 five-bolt Bell-housing engine, correct for a 1965 Cobra. A rare five-bolt Cobra scatter shield is also fitted, while the consignor reports that the current Shelby road-race headers are the ones that CSX2448 raced with in 1965. A narrow-case toploader gearbox is fitted for its increased durability, but an original-style BorgWarner unit is included with the car, as are production-class hubs and brakes, and the original vertical panel from behind the seats.

The sale of CSX2448 represents a rare opportunity to purchase a documented independent competition-spec Cobra. This car’s known history, including single ownership for over 40 years, and its extraordinary restoration, make this example one of the most appealing Cobras that Gooding & Company has encountered. We invite interested parties to view the Cobra’s extensive file and to closely inspect this impressive example.