A 2011 Shelby GT350 sold for $137,500 during the 8th Annual Barrett-Jackson Auction in West Palm Beach, Florida, on April 3, 2010. Shelby American, a wholly owned subsidiary of Carroll Shelby International Inc. (CSBI:PK) auctioned the #350 Shelby GT350 at No Reserve at the Barrett-Jackson event.
"The 2011 GT350 is an amazing car with performance worthy of the Shelby name," said John Luft, president of Shelby American. "Because it’s such a limited production vehicle, the new GT350 has already attracted the attention of collectors, as well as serious enthusiasts. They recognize both the performance capabilities and rare opportunity to own one of the most desirable cars in the world."
The 2011 Shelby GT350 was introduced at Barrett-Jackson earlier this year and the winning bidder will receive the serial number 350. Because 2011 Ford Mustang GT production began about the same time as the auction, Shelby American sold the rights to the serial number 350 car. The Shelby will be built in Las Vegas when the base Mustang becomes available. In addition, Carroll plans to personally drive the car before it is delivered to the lucky bidder at the Shelby American factory.
The Shelby GT350 is a post title program based on the new Ford Mustang GT. A customer purchases a car from a local Ford dealer, which is turned into a GT350 by the Shelby American Team. A limited number will be built in the 2011 model year. A Ford Mustang GT can be dropped shipped by a Ford dealer to Shelby’s Las Vegas facility for conversion or a customer can arrange to have a properly specified car transported to the factory. Only a small run of the cars is scheduled to be completed.
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