Misallocation

1965 Shelby Factory Stage III 289 Cobra Dragonsnake

Sold at Mecum Auctions on Jan. 16, 2026.

$1,298,000Confirmed

The price as reported by the house. Hammer price $1,180,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1965
Make and model
Ford Cobra (Shelby, AC)
Generation
Cobra 1962 to 1967
Version
Cobra 289
Gearbox
Manual
Chassis
CSX2427
Condition
Concours (1)Likely

Condition is our reading of the listing's description on Hagerty's 1 to 4 scale, not an inspection.

This car's full record

Against comparable sales

Above the middle half of 13 comparable sales, 35% over its top.

Middle half of sales$175,000 to $875,000
Median$775,000
Sales behind it13Likely

From 13 sales of the Ford Cobra (Shelby, AC) Cobra 289 (Cobra 1962 to 1967) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $175,000 and $875,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1965 SHELBY COBRA CSX 7000 FIA 289 ROADSTERBarrett-Jackson, Jan. 24, 2025Barrett-JacksonJan. 24, 2025$86,000
1965 Shelby 289 CobraGooding Christie's, March 6, 2026Gooding Christie'sMarch 6, 2026$875,000
1964 SHELBY 289 COBRA CSX 7000 ROADSTERBarrett-Jackson, Jan. 24, 2025Barrett-JacksonJan. 24, 2025$122,000
1964 Shelby Cobra 289 Mark II 5-SpeedBring a Trailer, Sept. 24, 2026Bring a TrailerSept. 24, 2026$791,000
1963 Shelby 289 Cobra RoadsterMecum, Aug. 15, 2026MecumAug. 15, 2026$975,000
1964 Shelby 289 CobraRM Sotheby's, Jan. 23, 2026RM Sotheby'sJan. 23, 2026$920,000
1964 Shelby Cobra CSX7000 289 FIA Continuation 50th AnniversaryGooding Christie's, Aug. 16, 2025Gooding Christie'sAug. 16, 2025$175,000
1964 Shelby 289 CobraGooding Christie's, Aug. 16, 2025Gooding Christie'sAug. 16, 2025$813,636

This car's historyLikely

Matched across sales by chassis number.

DateWhat happenedWhereMilesPrice
Jan. 14, 2022SoldMecumMecum$1,375,000
Jan. 16, 2026Sold (this sale)MecumMecum$1,298,000