Shelby Cobra goes for $1.525 million

StoryImage( ‘/Images/Story//Auto-img-114910058923659.jpg’, ‘photo by Doug Halberstadt’, ‘This 1962 Shelby Cobra DragonSnake sold at the Belvidere Spring Classic Auction Saturday, May 27, for $1.525 million. The car was loaned to MGM studios for the filming of the Elvis Presley movie Viva Las Vegas‘);

I wouldn’t have believed it if I hadn’t actually been there to see it.

A 1962 Shelby Cobra DragonSnake sold at the Belvidere Spring Classic Auction Saturday, May 27, for $1.525 million.

Besides being only one of six original Shelby Cobras ever built for drag racing, several other factors contributed to the value of the car. It was loaned to MGM studios for the filming of the Elvis Presley movie Viva Las Vegas. The odometer has less than 10,000 original miles. It is still dressed in the original “raced by Shelby American” factory paint and graphics. Prior to Saturday’s sale, it had only two previous owners.

Hundreds of onlookers watched in amazement as the bidding went from $900,000 all the way up to the final sale price. After the auctioneer proclaimed the car sold, the audience broke into a round of spontaneous applause.

After the sale, I tried unsuccessfully to locate the new owner. I wanted to ask him several questions about his newly acquired wheels. I wondered what his plans were for the car, and I was curious as to whether he owned any other collectible automobiles. If he was married, did his wife know he just spent that kind of money? Would he ever just “take it for a spin” around town? What kind of gas mileage does a car like this get?

Then, I realized someone who just dropped a little more than a million and a half dollars on a car probably doesn’t have to worry much about gas mileage!

Doug Halberstadt is a local resident and is track announcer at Rockford Speedway. He can be reached via e-mail at Dougster61@aol.com.

From the May 31-June 6, 2006, issue

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