1967 Shelby GT500 earns highest hammer price at GAA sale

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Auctioneer on the block assisting in sale of Corvette | GAA Classic Cars photos

On the final day of the GAA Classic Cars sale at Greensboro, South Carolina, a restored 1967 Shelby GT500 brought the highest hammer price  of the sale — $122,500.

GAA Classic Cars reported a 65 percent sell-through rate for the three-day auction but did not report an overall sales total.

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Custom truck on the GAA block

According to the catalog, the Shelby was well documented and the sale included photos of the restoration as well as a Shelby American Automobile Club Registry report and a Marti Report.

One other car also sold for six figures — a 1961 Mercedes-Benz 190SL went for $110,000. The Mercedes has also been restored and was sold with a factory hard top.

Also on the docket were cars from the collection of George Shinn, former National Basketball Association team owner. The top sale in his collection was a 1957 Chevrolet resto-mod for $66,000.

The top 10 sales, GAA Classic Cars July auction

  1. 1967 Shelby GT500, $122,500
  2. 1961 Mercedes-Benz 190SL, $110,000
  3. 1968 Shelby GT500 KR, $98,000
  4. 1958 Chevrolet Impala, $92,500
  5. 1969 Chevrolet Camaro, $86,000
  6. 1957 Chevrolet Convertible, $82,500
  7. 1970 Plymouth ‘Cuda, $75,000
  8. 2006 Superformance Shelby Cobra, $70,000
  9. 1970 Plymouth ‘Cuda, $70,000

(Hammer prices reported.)

GAA Classic Cars expects to offer 550 vehicles at its next auction, October 27-29.

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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