Dreaming of picking up a classic Ford Mustang Shelby GT350, but can't afford the lofty price? Early models are selling for well over $200,000 these days, but this one is expected to go for far less.

This Shelby-tuned Mustang fastback was originally used for demonstration and competition, logging 55,000 miles over the course of a decade before being put into storage in 1976. There it has sat ever since – in apparently less than optimal conditions, judging by the state of the vehicle. That could make this a steal for someone with the time and resources to undertake a restoration – or for someone who really, really loves a good patina.

It's only had one owner, who never told anyone about it, which (as anyone could tell you) is the best way to keep a secret. Classic racing enthusiasts may be particularly enticed by its "carryover" status: though the car incorporates many of the upgrades applied to the '66 model, its VIN 6S163 is from '65. That means that it just makes the cutoff for the 1965-and-older class at many vintage motorsports events.

Bonhams expects it to sell for between $90,000 and $120,000. That's far less than what Hagerty values early GT350s, with '65 models averaging $287k (and topping $450k in concours condition), and '66 fastbacks averaging $142k (or nearly $250k in tip-top shape). Without a reserve price, anything could happen. The gavel drops on Sunday, June 5 during the Greenwich Concours d'Elegance in Connecticut.
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Totally original, unrestored American gem is just one owner from new

May 2nd, 2016 – New York – Bonhams is delighted to announce the consignment of a very special car to its classic automobile auction in June: a recently discovered 1966 Shelby GT 350 "Carry-Over Car."

When new, the powerful GT Fastback was used as a demonstration and competition car by the Ford dealership of Framingham, Massachusetts. After being sold and logging a total of just 55,000 miles, it was driven into storage in 1976 where it has remained unmolested to this day.

Presented in its "as found" state, the car is in marvelous time-capsule condition and includes its five original Cragar Shelby mag wheels as well as every service receipt and document from new, including the bill of sale, original handbook and Shelby literature.

Even more fascinating is that this car is not found on the Shelby America register since the owner never told anyone about it, making this revelation even more noteworthy.

Just one owner from new, the iconic muscle car is one of a small number of "carry over" cars from 1965/66 that incorporate all the performance parts of a 1965 model but with the new styling treatment of the 1966 model. Its 1965 VIN means it's eligible for 1965 and earlier racing events.

The GT 350 is one of the most legendary cars in American motor history and this rare example surely represents one of the most unique opportunities for enthusiasts in decades. Untouched for 40 years, completely original, low mileage, possessing all its original documentation, and previously unknown, it's a very exciting piece of American automotive history.

Bonhams' auction will be held Sunday, June 5th at the lovely waterfront Roger Sherman Baldwin Park in Greenwich, Connecticut. Hosted in conjunction with the Greenwich Concours d'Elegance, widely regarded as the premier concours in northeastern America, the highly anticipated annual event takes place just 30 miles from New York City.

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Ford Shelby GT350

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