Eye Candy: Mecum auction at Indy

1965 Shelby 289 Cobra Roadster 289 CI Automatic CSX2549 According to the Shelby Registry, fewer than 20 small block Cobras were built with the C4 Automatic Invoiced on January 28, 1965 to Reynolds Motor Company in Los Angeles, California Factory correct Silver/Red color combo Class A accessories Automatic transmission and chrome wire wheels Reynolds was unable to sell the car and asked to return it to Shelby American for credit against future GT350 orders Returned to Shelby America inventory in California in August of 1965 Invoiced to Hi Performance Motors and sold it circa 1967 to Marv Tonkin Ford Tonkin sold the car to Jim Farmer of Lake Oswego, Oregon Sold in 1978 to Monte Shelton of Portland, Oregon Acquired by auto collector and journalist Jerry Heasley in 1988 Heasley commissioned Wayne Davis to refinish the car in original Silver 289 CI engine Red leather interior

Mecum’s Original Spring Classic at the Indiana State Fairgrounds reached a total of nearly $43 million in collector-car sales, with 916 of the 1,404 vehicles offered finding new owners. The auction, held May 12-16, gained $2 million over last year’s Indianapolis sale, according to Mecum.

The top-selling vehicle, a restored 1967 Shelby 427 Cobra from the Don Davis collection, reached the $1 million mark on the block (Mecum sales results do not include auction fees).  The second highest sale at the auction also came from the 18-car Don Davis collection, a 1971 Ferrari 365 GTB/4 Daytona Berlinetta, with a sale price of $775,000.

Thirty vehicles from the Rick Baker Ford Collection went to auction as well, among them a  2005 Ford GT with 310 original miles that sold for $380,000. The Danny Hill Collection also had strong results, including an unrestored 1969 Ford Mustang 429 fastback that went for $465,000.

All eight of the Corvettes in the 1958 Fuelie Collection, which included a Corvette in each color offered during that production year, sold for a total of $1,172,000.

“The Spring Classic auction brought consignments from 36 states this year and buyers from all over the world, increasing sales by more than $2 million over last year,” said auction president and founder Dana Mecum.

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The top 10 sales of the Mecum Indianapolis auction were:

  1. 1967 Shelby 427 Cobra Roadster at $1,000,000
  2. 1971 Ferrari 365 GTB/4 Daytona Berlinetta at $775,000
  3. 1969 Ford Mustang Boss 429 Fastback at $465,000
  4. 2005 Ford GT at $380,000
  5. 1965 Ford Shelby GT350 Fastback at $355,000
  6. 1972 Ferrari 365 GTC/4 Straman Spider Conversion at $300,000
  7. 1978 Ferrari 512 BB Straman Targa Conversion at $275,000
  8. 1967 Maserati Ghibli) at $230,000
  9. 1963 Ford Galaxie 500 Lightweight at $220,000
  10. 1969 Ford Mustang Boss 429 Fastback at $185,000

(Sales results do not include the buyers’ fees)

Photography by Michael Trace

Nicole James has been involved in the automotive world her entire life. Her dream car is a 1965 Shelby Daytona Coupe. She currently drives a 2005 Mustang affectionately known as Marilyn and uses the car to participate in track events, car shows, and explore the world around her. Nicole joined the ClassicCars.com Content and Marketing team in 2014. Nicole is an automotive journalist and the creator of Pretty Driven - an online source for car culture and news for millennials, as well as a contributor for ClassicCars.com. Follow Nicole on Instagram and Facebook - @Nicoleeellan