Equipment
260/164hp, Smiths gauges, Dunlop Formula 70 tires, chrome wire wheels, woodrim steering wheel, sun visors, wind wings, grille guard.
Condition
#3 Good
Runs and drives well. Flaws not noticeable to passersby. Most common condition.
Owned by Bob Schiro from 1973-2019. Good repaint. The engine compartment shows age with a light detailing. The hose clamps are standard parts store fare with the fuel supply line a parts store grade hose and filter. The underbody is clean but shows fading from age. The upholstery is good with no significant usage showing. The glove box door has a few rips at the bottom and the dash cover is showing noticeable wear. An interesting early Cobra let down a bit by lack of attention to detail. Represented as having two owners since 1968. Used as a daily driver in the early '70s. Out of 46 years of storage with a recent repaint.
Market commentary
It's unusual to see a Shelby Cobra, even an early 260 Cobra, in this kind of mediocre condtion and the Biltmore bidders landed on it with some enthusiasm, discounting its value realistically and seizing upon a realistic price for it which the consignor accepted. This is a benchmark result for condition, history and specifications.