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First Production 1966 Shelby GT350 - Click above for high-res image gallery

There are quite a few Shelby Mustangs here at Barrett-Jackson, but if we could only buy one it would be this '66 GT350. What's so special about it? For starters, it's the very first one built. It's also got everything we would want in a classic Shelby - Wimbledon White paint with Blue Le Mans stripes, 4-speed transmission, 15-inch Cragar wheels, Goodyear blue dot tires and a fully-restored 289ci V8. The car also comes with its original owner's manual, SAAC club documentation and is listed in the Shelby American World Registry.

What's it worth? The market has spoken and it's said $247,500. That's quite a bit of cash, but like we said, if there's any Shelby here that we would buy, this would be it. Hit the jump for a full description of the car courtesy of Barrett-Jackson.

Photos by Drew Phillips / Copyright ©2010 Weblogs, Inc.


This car, #SFM6S002 is the very first '66 production Shelby. It is the first of the 252 extremely desirable Shelby "carryover" cars built. #SFM6S001, the first serial numbered '66 Shelby, was slated to be a '65 Shelby. That car was modified as the prototype for production 1966 Shelby's and today retains its prototype status. #SFM6S002 has just received an incredibly complete ground-up restoration in its original Wimbledon White color with Guardsman Blue LeMans stripes. The black interior with original rear seat delete package shelf is just as it was originally built and delivered by Shelby on October 19, 1965. Shortly after the second owner acquired the car, it was extensively raced in the Mid West including Road America, Black Hawk Farms, Grattan, Mid Ohio, Road Atlanta and Watkins Glen. After being acquired from its second owner, the restoration was performed by Cobra Automotive of Wallingford, Connecticut. It is powered by a correct and fully rebuilt 289 Hi-Po, 306hp V8 and proper T-10M Aluminum 4-speed transmission. No expense was spared in the restoration back to its original state with many NOS and original date-coded parts. It is equipped with a Holley 715 CFM carburetor, 3.89 Detroit Locker rear, original dash mounted tachometer, radio delete, wood grain steering wheel, Shelby Cragar 15" wheels and Goodyear blue dot tires. These early production "carryover" cars combined the best of both the '65 and '66 Shelby's. They retain the hardcore '65 performance features with the distinctive '66 Shelby visual features added to set them apart from regular production Mustangs. This Shelby is listed in the Shelby American World Registry and comes with its original Shelby owner's manual, Hi-Po supplement, SAAC club documentation and more. Its number one production status and its racing pedigree make this a historically significant Shelby.

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    • 1 Second Ago
      • 5 Years Ago
      Those aren't Cragar S/S wheels, they're Carroll Shelby wheels.
        • 5 Years Ago
        They are Cragar Eliminator wheels. They never said that they were S/S's.
      • 5 Years Ago
      Only $250k? I honestly expected the first Shelby Mustang to fetch more than that.
        • 5 Years Ago
        It's not the first Shelby Mustang. It's the first '66 Shelby GT 350. These are fairly "common" relative to the '65s and are more refined.

        The 1965s are worth a lot because a lot fewer were built and were much rawer and more intended for the track.
          • 2 Years Ago
          oh no no no, i am the grandaughter of the second owner and named after the car and yes it is the first production car the '65 was a proto-type and never sold and at shelby racing inc.
      • 5 Years Ago
      Someone is going to own their dream car. What a beauty.
      Elizabeth Gaye MacDo
      My father purchased a 1966 off the Ford World Headquarters showroom floor in Dearborn, Michigan. It was just like this one, except it was minus the stripe. He was working in engineering at the time. I drove this to high school! Spoiled much? Yes! I will never ever forget this incredible car. Yes, I did know that it was incredibly special, and that I was incredibly fortunate to be able to drive it.
      • 5 Years Ago
      My favorite childhood toy car I am glad to see it is such a hot number still
      • 5 Years Ago
      can someone get me a rag?
      • 5 Years Ago
      wow what a car! gotta love it... haha good post!

      Thanks http://www.USAdrugClinic.com
      • 5 Years Ago
      This is what a Shelby is, not the assembly sham new GT350 they made.
      • 5 Years Ago
      I'd say its worth a lot more than that.
      • 5 Years Ago
      With that car $250k looks like a good deal. Beautiful.
      • 5 Years Ago
      I got to work on the '65 003 a few years back
      • 5 Years Ago
      Probably in my top 10 cars of all time is the 66/67 G.T.350.

      I too agree that the new shelby is an abomination, and if they wanted to do a G.T.350 properly, they should just take the 2011 engine and put it in an 2009 body (which evokes this car much more) and lighten it up as much as possible. A 3300 lb. 400hp mustang would nip at the heels of a base model Corvette, and be a real drivers car.
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