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Regardless, none of the auctions in January are more fun to watch than Russo and Steele.
Sports Car Market

Russo and Steele Sets World Record Prices Over the Weekend for 2 Shelby collector cars

Scottsdale, AZ. (Jan 21, 2007) --
1969 Shelby GT500 – World Record Sale Price of $451,000
Sold Saturday night at Russo and Steele in Scottsdale

This Black Jade /Black Interior/Black Top (one of one) Shelby GT 500 Convertible Drag Pac 4-speed has the original drive train and no reproduction parts, and is Part of the Jubilee Classic Car Collection. Only 335 GT 500 convertibles were produced. It is the highest scoring 69 Shelby GT 500 Convertible Drag Pac 4-speed according to SAAC. Additional judging status includes Thoroughbred Concours NO. 1 and it's the only 1969 Shelby GT 500 Convertible Drag Pac judged at this level.
1965 Shelby GT350 – World Record Sale Price of $358,600
Sold Saturday, for $358,600 at Russo and Steele in Scottsdale

The 1965 Shelby GT 350 was the first year of GT 350 production and is considered, by Automotive Historians, the quintessential Shelby muscle car. 1965 Shelby GT 350 serial number SFM5S166 has just undergone a complete ground up fresh rotisserie restoration to MCA and SAAC Concours Trailered standards by Shelby Mustang specialists R + A Motorsports. The restoration work was overseen by a SAAC Concours judge, to not only assure the finest workmanship but, to complete a true museum quality historically correct restoration. It is correct from Shelby factory Goodyear Blue dot tires to minuet details like assembly line chassis paint drops and color identification markings.

Since this is the first year of GT 350 production and only 521 examples were ever built, this assures the bidder that this collector car will continue to appreciate. Very rarely do 1965 Shelby's come up for sale, let along a fresh Concours correct example like this one. This is a key car for any serious Shelby collector who only wants the best!

Big Seller at Russo and Steele: 1965 Shelby Daytona Couple 427
Sold for $1,320,000 Saturday, January 20 at Russo and Steele in Scottsdale

Designed and built for Shelby American's assault on LeMans during the 1965 race season of international long distance endurance racing.

Following the successful campaign of the small block Cobra Daytona Coupes in 1964, Shelby's Director of Special Projects Peter Brock penned the new aerodynamic coachwork to the larger MkII 427 chassis. Convinced the Super Coupe would exceed 215 miles per hour at LeMans, this prototype is the only 427 Cobra Daytona Coupe ever to exist. Eligible for every vintage competition event anywhere on the planet, this is the ultimate 'Holy Grail" opportunity for the Shelby American enthusiast.

About Russo and Steele:
An auction of European Sports Cars, American Muscle Cars, Hot Rods and Customs. The 4-day sale concluded Sunday in Scottsdale. Some 500 cars were auction over the 5 days. Details at www.russoandsteele.com. The company’s next auction is in Monterey, California in August.

For more information, contact:
Stephanie Quinn
Phone: (602) 252-2697
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