Home / Auto News / News article: Report: 1965 Shelby Daytona Cobra Coupe Sells for Record $7.25 Million Bid at Mecum Auction - AutoGuide.com News
 |  Aug 16 2009, 12:00 AM

1965 Shelby Daytona Cobra Coupe.jpg

One of six 1965 Shelby Daytona Cobra Coupes set a record at the Mecum Auction today in Monterey, California, fetching a bid of $7.25 million. The price is the highest amount ever paid for an American car at auction. Mecum’s auction took place at the Hyatt Regency Monterey Resort & Spa on the Del Monte Golf Course, just one of many such auctions occurring around the Pebble Beach Concurs d’Elegance.

The Cobra Coupe, CSX2601, is one of just six models build by Carroll Shelby to compete against the dominating Ferraris in the FIA World Manufacturers Championship. This particular car captured the World Manufacturers Championship in 1965 in Reims, France with legendary racer Bob Bondurant behind the wheel.

Bondurant was on-hand today and drove the Cobra Coupe onto the auction block in Monterey.

“This hand-built car beat the fastest cars in the world and has now added another ‘win’ to its list of accomplishments. It certainly finished in record form again,” said Dana Mecum, president of Mecum Auction.

“Truly the best part about auctioning the Shelby Daytona Cobra Coupe has been sharing the stories of its amazing history with millions of people across the country. This race car’s greatest moments and its legacy as America’s world champion will be cherished for generations to come. 

GALLERY: 1965 Shelby Daytona Cobra Coupe 

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Official release after the jump:

 

1965 SHELBY DAYTONA COBRA COUPE SELLS FOR $7.25 MILLION
Mecum Auction Sets Record for Highest Bid for an American Car
MARENGO, Ill. - The championship-winning 1965 Shelby Daytona Cobra Coupe CSX2601 has
made history again, selling for a record-breaking $7.25 million at Mecum's inaugural
Monterey Auction on August 15, 2009.
 
That price tag sets the record for the highest price paid for an American car at
public auction. 
 
High performance collector car specialists Mecum Auction promoted the Daytona Cobra
Coupe - American racing's Crown Jewel - for months leading up to the auction. 
"Selling this amazing piece of American race history at our first Monterey auction
has been the crowning achievement of my career and Mecum Auction's 22 years of
selling collector cars," said Dana Mecum, president of Mecum Auction. 
     
"This hand-built car beat the fastest cars in the world and has now added another
'win' to its list of accomplishments.  It certainly finished in record form again."
     
The 1965 Shelby Daytona Cobra was one of six cars built by Carroll Shelby to compete
against the dominating Ferrari in the F.I.A. (Federation Internationale de
l'Automobile) World Manufacturers Championship for GT race class.  An experimental
coupe body designed by Peter Brock was built on an existing Cobra chassis,
immediately increasing the top speed by 25 mph.  That car won its first race, the
1964 Daytona Continental (prompting Shelby to adopt the name), and five more coupes
were built, including CSX2601.
     
After competing at Daytona, Monza, Spa and Nurburgring, CSX2601 made history when it
clinched the 1965 World Manufacturers Championship for the United States and Shelby
American on July 4 in Reims, France.  Driving the car - and America - to victory was
legendary race car driver Bob Bondurant. 
     
Bondurant drove the Daytona Cobra Coupe across the Mecum auction block as it set the
new high-bid record.
      
"Truly the best part about auctioning the Shelby Daytona Cobra Coupe has been
sharing the stories of its amazing history with millions of people across the
country," Mecum said.  "This race car's greatest moments and its legacy as America's
world champion will be cherished for generations to come."
     
Mecum's Monterey Auction took place on Saturday, August 15, 2009, at the Hyatt
Regency Monterey Resort & Spa on the Del Monte Golf Course.  In addition to the
Shelby Daytona, Mecum offered an eclectic mix of more than 200 cars ranging from a
1931 Rolls-Royce to a 2007 Saleen S7.    
     
The Mecum Auction Company has been specializing in the sale of collector cars for 22
years, offering more than 5,000 collector cars per year - more than any collector
car auction company in the world.  Auction information and results are available
online at www.Mecum.com or by calling 815.568.8888.