Amelia Island

9 March 2013

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Lot 139

1965 Shelby Mustang GT350

  • Chassis no. SFM5S226

Sold for $242,000


306 bhp, 289 cu. in. K Code V-8 with Holley four-barrel carburetor, Borg-Warner four-speed manual transmission, independent front suspension with unequal length A-arms, coil springs and stabilizer bar and live rear axle with semi-elliptic leaf springs, and hydraulic front disc and rear drum brakes. Wheelbase: 108 in.

  • Desirable “year one” Shelby Mustang
  • Documented in Shelby Registry
  • Superbly presented, high point restoration


It was late-1964 and Ford’s new Mustang was flying out of showrooms at an astonishing rate, with Carroll Shelby’s Cobra cleaning up in Sports Car Club of America competition. It was not long before Lee Iacocca approached Shelby and asked him to prepare a Ford Mustang that could win the SCCA’s national B/Production Championship.



The result was the GT350, a standard Mustang fastback that Shelby loaded up with goodies: a hot-rodded 289-cubic inch V-8, Borg-Warner T-10 four-speed transmission, beefed-up rear axle and suspension, metallic-lined rear drum brakes, Kelsey-Hayes front disc brakes, a scooped fiberglass hood with tie-downs, and cast aluminum wheels. The four-seat Mustang as it left the factory did not qualify as a “sports car” to the SCCA. No problem: Shelby threw out the rear seats. The body was finished in white with blue racing stripes, which would soon become classic Shelby.



SCCA regulations required that at least 100 street legal versions of the GT350 would have to be sold to private customers in order for it to qualify for B/Production. In the first year of 1965, 562 were made, each capable of 0 to 60 mph in under 7 seconds, and with a top speed of over 120 mph. Today, these “pure” GT350s of the first year of production are the most desired by enthusiasts.



The car offered here was originally delivered to Adamson Ford, of Birmingham, Alabama. It was eventually acquired by Betty Culp, of Texas, and it eventually passed to Lee Larsen, of Louisiana, and then to noted collector Lee Herrington. Following restoration by the Shelby specialists of Fitzgerald Motorsports in Laconia, New Hampshire, the GT350 was featured on the cover of one of Herrington’s well-known apparel catalogues.



The current owner acquired the car in 2000 and had it vetted by Shelby expert Howard Pardee, and then set about correcting all of the small, incorrect items that Pardee identified, with a goal of total correctness so that the car would be able to compete at the Shelby Nationals. More recently, he replaced the GT350 racing model-style front valance, fitted by Herrington, with the original front bumper and valence configuration, returning the car to “stock” specifications in all respects. Just recently, the master cylinder, front brake calipers, rear wheel cylinders, and brake flex lines have all been replaced, and as a result, the GT350 is now reported to be in top operating condition in all respects. An extensive collection of documentation and receipts from the present ownership, along with the racing model front valance, will accompany the car.



This is a rare chance to acquire an extremely well-maintained example of the ultimate first generation Mustang: Carroll Shelby’s feared, fearless GT350.

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

Alexander Weaver

aweaver@rmsothebys.com

+1 864 313 6844
California, United States

Alexander Weaver joined RM Sotheby’s in 2011 as a Car Specialist after graduating from Furman University in South Carolina. Born... read more

Augustin Sabatié-Garat

asabatie-garat@rmsothebys.com

+44 (0) 74 1511 4179
United Kingdom

Augustin Sabatié-Garat joined RM Europe in 2012 as a Car Specialist after more than a decade in the collector car hobby. Gradua... read more

Barney Ruprecht

bruprecht@rmsothebys.com

+1 203 912 7168
Ontario, Canada

Barney’s interest in classic cars began at an early age after being introduced to his father’s all-original 1965 Porsche 911. Barney l... read more

Cameron Smyth

csmyth@rmsothebys.com

+1 519 352 4575
Ontario, Canada

Cameron Smyth joined RM Sotheby’s as a Car Specialist in 2015, working out of our corporate office and providing assistance on c... read more

David Swig

dswig@rmsothebys.com

+1 415 302 2247
California, United States

David Swig joined RM Sotheby’s West Coast division as a Car Specialist in May 2015. David is a life-long automobile enthusi... read more

Don Rose

drose@rmsothebys.com

+1 617 513 0388
United States

Don joined RM in 2006 after several years of professionally trading sports and classic cars, and after earning a reputation as a noted... read more

Donnie Gould

dgould@rmsothebys.com

+1 954 566 2209
Florida, United States

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

gduff@rmsothebys.com

+1 519 352 4575
Ontario, Canada

Gord Duff began his journey with RM Sotheby’s in 1998. Since then, he has gained an intimate knowledge of a variety of marques a... read more

Ian Kelleher

ikelleher@rmsothebys.com

+1 310 559 4575
California, United States

Ian Kelleher began his automotive career immediately following his graduation from Oberlin College with a Bachelor of Arts in Politica... read more

Jake Auerbach

jauerbach@rmsothebys.com

+1 310 559 4575
California, United States

Jake Auerbach got his start in the automotive industry at an early age, spending his summers during high school working at a classic c... read more

Kurt Forry

kforry@rmsothebys.com

+1 717 623 1638
California, United States

Having worked for Bonhams’ Automobilia department for over 10 years, Kurt Forry joined RM Sotheby’s with more than a decad... read more

Matt Malamut

mmalamut@rmsothebys.com

+1 805 231 6410
California, United States

A long-time car enthusiast and Southern California native, Matt studied Automotive Technology at San Diego Miramar College and complet... read more

Michael Squire

msquire@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Michael Squire joined RM Sotheby’s European Division in the summer of 2016. He comes to RM with a prestigious racing background ... read more

Mike Fairbairn

mfairbairn@rmsothebys.com

+1 519 352 4575
Ontario, Canada

As one of the three founding partners of RM Sotheby’s, Mike has a long-standing interest in the classic car industry. Graduating... read more

Oliver Camelin

ocamelin@rmsothebys.com

+44 (0) 75 0110 7447
United Kingdom

With an extensive background in exotic sports car history and sales, a particular passion for American curves, and fluency in three la... read more

Paul Darvill

pdarvill@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Paul Darvill joined the RM Sotheby’s European team at the beginning of 2015. Paul holds a degree in French and Politics from the... read more

Pete Fisher

pfisher@rmsothebys.com

+1 519 784 9300
Ontario, Canada

Pete Fisher was first introduced to antique cars in high school, working for Classic Coachworks in his hometown of Blenheim, Ontario. ... read more

Peter Wallman

pwallman@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Peter Wallman joined RM Europe in 2007 following nearly two decades in the international advertising industry, where he was based out ... read more

Shelby Myers

smyers@rmsothebys.com

+1 310 559 4575
California, United States

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

Tonnie Van der Velden

tvandervelden@rmsothebys.com

+31 653 84 19 60
United Kingdom

Tonnie Van der Velden joined RM Sotheby’s European division in September 2015 as a Car Specialist. A lifelong enthusiast, Tonnie... read more