A bidder paid $5.5 million for a 1966 Shelby Cobra 427 Super Snake during the Barrett-Jackson auction livestreamed from Scottsdale, Arizona, on Saturday night.
Meanwhile, one of two collector station wagons auctioned off by Edsel B. Ford II, the great-grandson of Henry Ford, did shock classic car collectors.
His 1958 Edsel Bermuda Wagon with a brown exterior and tan interior sold for $165,000. His 1947 Ford Super Deluxe Custom Woody Wagon with a green exterior and a brown interior sold for $209,000.
“A record price paid for an Edsel” Bermuda Wagon, Jonathan Klinger, vice president of car culture at Traverse City-based Hagerty, the world’s largest insurer of collector vehicles, said Saturday.
“It is no surprise that these sold for a significant premium over the current market. Owner provenance, tasteful modifications and condition made these highly desirable,” he said.
Barrett-Jackson also listed the sale as a “new record sale at auction.”
Bids came in online and by phone from all over the world.
The only surviving 1966 Shelby 427 Cobra Super Snake, custom-made for legendary race car driver Carroll Shelby, was the most powerful sports car that he and his benefactor, Henry “The Deuce” Ford II, built together to battle Ferrari in the 1960s.
Shelby won back-to-back endurance races in Le Mans, France, in 1966 and 1967.
“The car was wicked fast and became a cultural icon,” Craig Jackson, CEO of Barrett-Jackson, told the Free Press in February.
This Guardsman Blue two-seat roadster, part of that history, last sold for $5.1 million in 2015. Saturday’s $5.5 million selling price, did not set an auction record, however. It also sold for $5.5 million in 2007.
Edsel says goodbye to classics
Meanwhile, the Ford family said goodbye to its classic station wagons, each autographed by Edsel B. Ford II.
“I loved the process of giving them new life with modern technology that made the classic cars more fun to drive,” Edsel B. Ford II said in February. “Over the past few years, I motored along, relishing in the history they represent. I hope the next owners of these two beautiful Ford cars will also enjoy great adventures in them.”
Ford recently announced his upcoming retirement from the automaker’s board of directors, one of two seats to be filled by the next generation of Ford family members.
The station wagons represent different segments of car collecting; Edsel’s Edsel was updated with an automatic transmission that maintains a stock appearance and the Ford Woody Wagon includes a lot newer technology.
This Ford Woody Wagon has a chassis built in Dearborn, is fitted with a body built in the Upper Peninsula, and is made with wood harvested from Ford-owned forests.
No one could predict the winning bids on the wagons prior to the auction.
“The 1947 Ford Super Deluxe Woody Station Wagon is one of the more sought-after Ford Woody Wagons compared to the newer versions,” Klinger said.
Current market values were $93,500 for a stock example in excellent condition, he said. “The Edsel Bermuda wagon is a very rare model. So few of these sell we don’t even track it in the Hagerty Price Guide.”
While the price is a record for an Edsel wagon, it is just shy of the known record sales price of any Edsel, said Jason Michael Gilmore, founder of the Edsel Quarterly. Gilmore noted that a 1960 Edsel Ranger Convertible commanded $184,500 during a Sotheby’s auction in 2006.
For some, these classic family cars are viewed as far more than just cars.
“It isn’t a station wagon. It’s nostalgia for a long ago time that people long for even if it never existed,” said market analyst Jon Gabrielsen. “It’s Americana personified.”
New Mustang, Bronco auctioned
During a whirlwind weekend of auction activity, bidders also spent big on high-profile vehicles donated by Ford and sold for charity.
The 2021 Ford Mustang Mach 1 VIN 001 sold for $500,000 on Friday and, according to the bid sheet, that money went to the Juvenile Diabetes Research Foundation. The Fighter Jet Gray limited edition Mustang Mach 1 has a 6-speed manual transmission and a 5.0L 480 horsepower V8 engine.
The interior of the car is ebony and orange.
For the first time in nearly two decades, Ford announced in October it would be making an all-new Mustang Mach 1 with a sticker price of $51,720 plus fees.
Mustang fans have been mourning the departure of the Mustang Shelby GT350.
“While the Shelby GT350, with its exotic and expensive flat-plane crankshaft, was groundbreaking and much admired, the Mustang Mach 1 will fill its spot with almost as much horsepower, a manual transmission option and street cred above the stock GT,” Klinger said in October.
Ford also donated the 2021 Ford Bronco VIN 001 to raise money for wilderness preservation and education.
The two-door SUV sold for $1,075,000 late Saturday with proceeds going to the Bronco Wildlife Fund. The organization contributes to the National Forest Foundation and Outward Bound USA. Ford Motor Co. announced in October plans to raise up to $5 million a year for reforestation, trail management, outdoor adventure programs and scholarship programs through nonprofit organizations.
The all-new Bronco, which has generated nationwide excitement and an avalanche of reservations after its launch following years of being out of production, has been characterized by Ford CEO Jim Farley as a Jeep competitor.
A top-of-the-line Badlands edition can exceed $60,000 with fees. Its delivery has been stalled by supply chain disruption as loyal Bronco fans count the minutes until delivery later this year.