Amelia Island

9 March 2013

Lot 142

1966 Shelby 427 Cobra

To be auctioned on Saturday, March 9, 2013

Sold for $836,000

  • Chassis no. CSX 3259


520 bhp, 427 cu. in. “side-oiler” V-8 engine with aluminum cylinder heads, four twin-choke Weber carburetors, Ford Toploader four-speed manual transmission, independent front suspension with unequal-length upper and lower wishbones, coil springs, and telescopic dampers, independent rear suspension with unequal-length upper and lower wishbones with additional lower trailing links, coil springs, and telescopic dampers, and four-wheel hydraulic disc brakes. Wheelbase: 90 in.

  • Documented, well-known, “no stories” history
  • Recently and completely restored by Stewart Hall
  • 520 horsepower, 427 “side-oiler” V-8 with four Weber carbs and aluminum heads
  • Outstanding fit and finish; beautifully detailed throughout


The odyssey of the Shelby Cobra is defined by the contributions of many people, marked by many important cars, and by even more important moments. They weave a rich fabric of creativity, determination, and persistence in the face of limited resources and epic challenges.

With Shelby’s leadership, the era’s top drivers, and a “dream team,” including Ken Miles, Phil Remington, Pete Brock, and many other racing luminaries in the background, the Ford-powered, AC Ace-derived Cobra was brutally quick and dead reliable, earning its stripes and winning virtually everywhere it appeared. The Cobra won the U.S. Manufacturer’s Championship three years running, in 1963, 1964, and 1965, and with sleek Pete Brock-designed Daytona coupe bodywork, Shelby American Inc. won the hotly contested 1965 FIA World Manufacturer’s Championship.

427 Cobra

Although the 289 Cobra was proven and immensely successful, more power was needed to stay competitive. Since Ford’s 289 V-8 reached its reliability limit at 385 horsepower, Shelby’s stalwart driver and engineer, Ken Miles, surmised that an even bigger engine might work within the trim confines of the Cobra. If there was any doubt about the need, it evaporated when the Shelby team went to Nassau for the 1963 Speed Week, where Chevrolet’s new Corvette Grand Sports were lapping more than nine seconds quicker than the small-block Cobras!

However, while Shelby was initially promised a new aluminum-block version of Ford’s 390 FE engine, internal resistance from the NASCAR faction within Ford forced a switch to the heavier cast-iron 427. Although powerful, proven, and reliable at 500 brake horsepower and beyond, it was heavier and therefore necessitated a complete redesign of the Cobra’s chassis to ensure proper handling. The new chassis measured five inches wider, with coil springs all around, and with development help from Ford’s engineering department, the 427 Cobra was born.

The cars were fiercely quick. Driving one continues to be a mind-bending experience. One of the most memorable stories about the 427 Cobra involves a test arranged for Sports Car Graphic magazine by Shelby’s Ken Miles. A few years earlier, Aston Martin claimed that their DB4 was capable of accelerating from zero to 100 mph and back down to zero in less than 30 seconds. Miles had the idea to restage the test using the new 427 Cobra. The result, according to SCG Editor Jerry Titus, was an astounding 13.2 seconds!

CSX 3259

The 427 Cobra presented here, chassis CSX 3259, is a stunning, genuine 427-powered street Cobra that enjoys both excellent history and outstanding preparation to the highest standards by Stewart Hall, of Hall Fabrication & Racing, Inc. According to the Shelby American World Registry, 3259 was originally billed by AC Cars to Shelby American on April 12, 1966, before being invoiced by Shelby American to Stark Hickey Ford, of Royal Oak, Michigan, near Detroit, for $6,275, on June 30. It was then sold to original owner Jim Rayl, of Kokomo, Indiana, in August 1966. The car remained in the United States throughout the 1970s, and it was known to have accumulated only 21,700 miles by 1979.

The car appeared at the First Annual Brown County Indiana SAAC meet in 1978, and it was then exported to England for Martin A. Colvill in 1979. Around 1982, Michael Burgel, of Germany, acquired it. Registered “BO-W8” at this time, the Cobra was fitted with S/C features, including a hood scoop, a chrome driver’s roll bar, quick-jacks, side pipes, and a large-capacity fuel tank. In addition, the 427 “side-oiler” was equipped with aluminum cylinder heads, a competition oil pan, Weber carburetors, and four-piston, aluminum-caliper disc brakes. While mostly street-driven, 3259 was also raced occasionally in European Cobra events. Next, Frank Sytner, the 1988 British Touring Car Champion, acquired 3259 before its eventual return to the U.S.

In 2003, the previous owner acquired the car, and the chassis was prepared for entry into the Monterey Historics, where it made contact with a guardrail in competition. Following the incident, the Cobra was completely restored to its present show-quality condition, with no expense spared, including a bare-metal refinish. Since completion, the Cobra has been shown numerous times, and it was a highlight of his collection. Photo-documentation of the accident damage and repair is available for review upon request.

As presented, the Cobra is well documented, with an old California pink slip and numerous state inspection receipts dating back to 1970. The documentation file also contains a copy of the original invoice from AC to Shelby American, photographs of the body stamp in various locations, including the trunk latch, hood latch, and both door hinges, as well as receipts from the car’s European ownership period in England and Germany during the 1980s and 1990s. The Cobra also comes with nearly $315,000 of invoices from Stewart Hall, outlining the comprehensive restoration work, careful race preparation, and fastidious ongoing maintenance lavished on this Cobra since 2003, with the bulk of the restoration work completed in 2008.

The restoration was completed to spectacular standards, in a no-expense-spared fashion, to not only look great but also to perform well under the rigors of competition driving. The comprehensive work covered the brakes, cooling, driveline, fuel delivery, electrical, and suspension systems, as well as the chrome, paintwork, interior, and a comprehensive detailing of the underside, engine compartment, and trunk areas. The Cobra was serviced in October 2009, with the work including an oil change, new spark plugs, and new tires, as well as extensive detailing. In 2011, CSX 3259 was acquired by the current owner, and it has remained under expert care and attention since, with negligible mileage added.

Today, the Cobra is simply breathtaking. The quality of the workmanship is outstanding, with superlative fit and finish, excellent chrome, and superb detailing throughout, from the polished oil cooler housing to the spectacular paintwork. The brightwork, wheels, glass, and lights are all excellent, as are the gaps and fit of the bodywork. The interior is extremely nice too, with superb fit and quality to the upholstery and carpeting. The instruments are the correct Smiths items and are like new. Other features include competition-type safety belts, a power cutoff switch, and new, spun aluminum side-view mirrors.

The engine compartment is detailed with cadmium-plated hardware and latches. The engine is fitted with four dual-choke Weber carburetors, as well as an aluminum radiator with an electric fan. The exhaust headers are highly polished, custom-fabricated items, and even the inner fenders and firewall are polished to a mirror-like finish. The trunk is equally nice and remains fully polished and virtually spotless.

This is an exceptional opportunity to acquire an outstanding 427 Cobra with excellent documented history, invoices dating back nearly 40 years, and a beautiful restoration to the highest standards. The car also comes with an extra set of wheels and tires, as well as dynamometer printouts indicating a max horsepower of 520 brake horsepower. A tremendous performer, it is ready for both historic racing and show exposure alike.

Please contact our exclusive automotive transportation partner, Reliable Carriers, for a shipping quote or any other information on the transport of this vehicle.

Alain Squindo


Detroit, Michigan

Alain Squindo joined RM Auctions in 2007, after graduating from Georgetown University in Washington, D.C., with a degree in History. R... read more

Alex Classick

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+44 (0) 20 7851 7070
United Kingdom

Alex Classick joined RM Europe in 2011 as a car specialist, after graduating from Nottingham University with a degree in Business Mana... read more

Alexander Weaver

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California, USA

Alexander Weaver joined RM Auctions in 2011 as a car specialist, after graduating from Furman University in South Carolina. Born into ... read more

Annette Abaci

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Germany

With post-secondary degrees in Economic Science and Mechanical Engineering, Annette Abaci initially worked part-time at Mercedes-Benz ... read more

Augustin Sabatié-Garat

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United Kingdom

Augustin Sabatié-Garat joined RM Europe in 2012 as a senior car specialist, after more than a decade in the collector car hobby... read more

Dan Warrener

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Ontario, Canada

Possessing a degree in Economics from Brandon University, Dan Warrener spent the initial stages of his career working around the globe... read more

Don Rose

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United States

Don Rose joined RM Auctions in 2006, after many years of professionally trading sports and classic cars, and after earning a reputatio... read more

Donnie Gould

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Florida, USA

Donnie Gould joined the RM team in 2002 as a partner and Car Specialist after more than two decades in the vintage automobile auction ... read more

Gord Duff

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Ontario, Canada

Gord joined RM Auctions in 1998, initially responsible for the transportation and logistics of the company’s auction and restora... read more

Ian Kelleher

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+1 212 894 1301
New York, United States

Ian Kelleher began his automotive career immediately following his graduation from Oberlin College, with a B.A. in Political Science. ... read more

Jack Boxstrom

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+1 818 703 2816
Ontario, Canada

Jack Boxstrom joined RM Auctions in late-1996 to assist with the recently acquired, and subsequently record-breaking, auction in Monte... read more

Max Girardo

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United Kingdom

Max Girardo started his career in the vintage automobile industry in 1998, joining Brooks Auctioneers (now Bonhams) as a car specialis... read more

Mike Fairbairn

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+1 519 352 4575
Ontario, Canada

As one of the three founding partners of RM Auctions, Mike Fairbairn has a longstanding interest in the classic car industry. Graduati... read more

Peter Wallman

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+44 (0) 20 7851 7070
United Kingdom

Peter Wallman joined RM Europe in 2007, following nearly two decades in the international advertising industry, read more

Peter Giddings

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+1 925 831 2048
California, United States

A life-long car enthusiast, Peter joined RM’s California office with over half a century of experience in the automotive and rac... read more

Peter Blond

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United Kingdom

Peter Blond joined the RM Europe team in 2013 after being immersed in the collector car industry for more than 60 years. An... read more

Rob Myers

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Ontario, Canada

As chairman and founder of the RM Group of Companies, Rob Myers’s entire career has been devoted to the classic car industry. Ro... read more

Shelby Myers

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California, USA

Shelby Myers literally grew up with the classic car industry infused into every aspect of his life. He had the unique opportunity to w... read more

Vinnie Mandzak

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California, USA

Vinnie Mandzak joined RM Auctions’ California office in 2012 as a car specialist, following more than 30 years’ experience... read more

Jeff Whiteside

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Ontario, Canada

Jeff Whiteside joined RM Auctions as Chief Operating Officer and Chief Financial Officer following almost three decades in a diverse r... read more