The 1966 Shelby GT350 is probably one of the most significant car in Ford Mustang’s long list of historic cars. No one can deny the success of Lee Iacocca’s Ford Mustang that became a rage in the U.S. during its debut in 1964, but the creations of Carroll Shelby became the legends. Only 252 1966 GT350 were originally made and finding one is extremely rare. If you want it, you have to watch out for it at a Bonhams auction that will be held next month.
This GT350 was just found a while ago after it was stored for a few years. Having only one owner from the start, it is currently unrestored and will need some work done. Bonhams review it to be auctioned somewhere from $80,000 to $120,000. Restoring it will need more cash invested into it if the buyer intends to bring it back to its former glory.
The 252 Shelby GT350 built in 1966 were the more popular of the early GT350 models as they were better in both performance and style than the previous 1965 GT350. The first models of the GT350 were more than just an SCCA racer that is street legal. The 1965 GT350 was an instant celebrity back in the days due its power and reliability. Having the power of a race car in its stock form and at the same time was street legal. Later on, most of the 1965 GT350 owners complained that it was too noisy and was hard to control due to its suspension system. These problems later solved when the 1966 GT350 was released. The 1966 Shelby GT350 had a more stable differential, rear-quarter windows made of Plexiglas, and a smooth suspension system. Most of the GT350 was a lot quitter but this one has the loud side-exit exhaust that was found in the 1965 GT350.
Even with the added features for a comfortable ride, the GT350 is still ready to go on a rampage with its 306 horsepower 289 cubic inch V8 engine matched with a four-barrel Holley carburetor and an upgraded intake manifold. The power drives along a 4 speed Borg Wagner transmission that is connected to a Hurst shifter.
Looking at the history of the car, we discovered that this particular GT350 was used by a Ford dealer for demonstrations and was later sold to an undisclosed owner who added 10,000 miles on the odometer. In 1976, it was stored in a garage and was just recently found which was well preserved over the years. This 1966 deserves to be brought back to its former glory and be able to race down the streets. It will be sold in the Bonhams Greenwich auction that will be held in Connecticut this June. Another GT350 popping out anytime soon is highly unlikely.