There is no arguing about the success of Ford Mustang as one of the most iconic American car off all time. For more than 50 years of its existence, it has generated 6 generations of cars, and achieved countless awards and record holders. Out of the all the Mustang ever built, which car had the highest price tag?
The most expensive Mustang sold was this one of a kind 1967 Shelby GT500 Super Snake that was sold for an amazing $1.3 million in May 2013. But several months before the Super Snake went under the hammer, a rarer Mustang was almost sold for a higher price.
1967 Shelby GT500 Super Snake
January of 2013, this 1968 Shelby EXP 500 Green Hornet received a crazy $1.8 million bid at a Barrett-Jackson auction which was supposedly the highest bid for a Mustang. The mustangs before barely even reached the million dollar bid, although some really came close.
This rare Shelby is a prototype Mustang among a few that still exists, the EXP code means it is experimental. This car was the first one Mustang to have a fuel injection, special disc brakes, and an independent rear suspension.
Fred Goodell and Carroll Shelby worked together to try out new things using the Green Hornet which became a starting point for a lot of innovations put in the Mustangs that followed it and even the modern Mustangs. Although officially known as the EXP500, it had another name, the “Green Hornet”, which was from its lime gold exterior with and a deluxe Ivy Gold interior. The Green Hornet was a 1968 Mustang notchback that had a powerful 390 cubic inch V8 and C6 automatic transmission under the hood and had several experimental upgrades.
The original 390 cubic inch V8 was replaced with a 428CJ which received the juice from an experimental Conelec electronic fuel-injection unit which was made by Dave Long who was formerly a Bendix engineer. The tests for the Conelec electronic fuel-injection revealed a lot of things that eventually helped develop Conelec fuel pumps to greatly improve fuel efficiency. One of the cars that benefitted this is the Ford SCCA Trans-am cars. The success of the experiments gave the Green Hornet incredible performance, having a stunning 5.7 sec time for a 0 – 60 mph run and a 156 mph top speed record which was record breaking during its time.
The contribution of the Green Hornet to Ford’s advancement in technology is well documented, but many though that this one of a kind prototype was lost and eventually others believed that it was just a myth. The truth is that it was almost tossed into the crusher but fortunately avoided destruction, it had a silent life for decades and was just recently identified by a knowledgeable collector that bought it and made efforts to restore it.
During the auction, the value of the Green Hornet is just too high that the $1.8 million bid was not even enough to pass the unknown reserve price. Today, it sleeps in the dark waiting for another chance to hit the auction block.