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914Driver
914Driver MegaDork
3/25/14 6:38 p.m.

It's not uncommon for rare vehicles to surface in a barn or rundown garage, encrusted in decades of dust, itching to be sold for a handsome profit. What is rare, however, is to find a one-owner, 1969 Shelby Mustang GT500 — one of only about 1,000 ever made — resurface in its original condition, fastidiously maintained and never washed for fear of damaging the paint, with only 8,500 miles on the clock.

Larry Brown, a resident of Centre Hall, Pa., passed away on his birthday during the latter part of last year, leaving behind a trove of fascinating items. With no wife or children to inherit his estate, the entire collection — his house, TVs, snow blowers, motorbikes and of course cars — are heading to auction, with the Mustang the star attraction.

Brown purchased the car on May 9, 1969, for $5,245.97. The last recorded warranty work occurred in September that year, when Brown had the door glass adjusted. At that time, the registered mileage was 1,665. By 1973, Brown had stopped driving the car altogether, storing it in his garage with just 8,531 miles on the clock.

According to the auction listing at Ron Gilligan Auctioneers, the GT500, that features a 428 Cobra Jet engine meshed to a 4-speed transmission, still maintains its original paint, tires, belts, hoses, factory steering wheel cover and 1968-dated coded spark plug wires. Vehicles with more miles, in far less original condition, have sold for over $100,000 — offering clues as to how much Brown's GT500 may fetch when it goes under the hammer on April 25.

Internet skeptics, however, have doubted the car's originality, analyzing the pictures for any evident discrepancies. It all started with the barely-worn Goodyear tires, appearing too new for 8,500 miles. This progressed when the keen-eyed pointed out that the tires were 8-digit Goodyear codes, made only during 1970 and '71 — making it impossible for them to be original on a car from 1969. Commenters also questioned the engine's mileage due to the "amount of oil blow by all over (the) front of (the) motor and on (the) valve cover."

This was challenged by Dane Hooper, an individual managing the estate, responding that the residue on the engine "looks like a thin film of undercoating or Cosmoline." This would make sense given Brown's obsession with keeping the car pristine (note the mud flaps to protect the quarter panels and fine wire mesh to keep debris from damaging the radiator). The coating may have been added to prevent corrosion prior to it being stored for 40 years.

After speaking with one of Brown's close friends and mechanic, Hooper clarified that the tires were indeed changed due to the original's inability to stay balanced for more than 500 miles. The front two tires were replaced under warranty with the rears being switched some time later. The production line wheels, however, remain original.

According to Hooper, the car was maintained by Brown even when he wasn't driving it — firing the motor as recently as three years ago. It was known throughout the neighborhood that, when Brown did drive his Shelby from 1969 to 1972, he refused to drive it in the rain or even hose wash it for fear of rust: "If this car has been hose washed," the listing states, "it probably occurred at the detail bay of the selling dealer before delivery."

A car as special as this deserves to be driven. But when the hammer falls next month, those set to benefit from the sale might be thrilled Brown kept it dry.

It also looks like pack-rat owner also owned a 1971 Ford Ranchero with only 53,000 miles on it, and get this … a 1974 Ford Econoline Custom 100 van with only 554 original miles. Both vehicles are for sale along with a variety of other mint, perfectly maintained vehicles from the estate.

http://autos.yahoo.com/blogs/motoramic/rar...-150351958.html

914Driver
914Driver MegaDork
3/25/14 6:40 p.m.

Sine_Qua_Non
Sine_Qua_Non HalfDork
3/25/14 6:41 p.m.

Want but I would make it a DD. that should fetch 7 digits

Lancer007
Lancer007 Reader
3/25/14 6:54 p.m.

Man, part of me understands not wanting to put miles on it and keep it looking new. But another part of me says drive that thing and enjoy it as much as you can.

Maroon92
Maroon92 MegaDork
3/25/14 8:44 p.m.

Cars are meant to be driven. Not interested...

EastCoastMojo
EastCoastMojo GRM+ Memberand Mod Squad
3/25/14 9:09 p.m.

Model kits are for collecting, cars are to be driven. I would rock that every damn day.

Trans_Maro
Trans_Maro UltraDork
3/25/14 9:12 p.m.

Meh, it's still a Mustang.

Toyman01
Toyman01 GRM+ Memberand UltimaDork
3/25/14 9:18 p.m.

My wife's grandmother buys my kids Hess trucks every year to "save" because they will be worth money.

I buy them Hess trucks every year to play with.

If you can't enjoy it, why have it.

Rob_Mopar
Rob_Mopar SuperDork
3/25/14 9:33 p.m.
Toyman01 wrote: My wife's grandmother buys my kids Hess trucks every year to "save" because they will be worth money. I buy them Hess trucks every year to play with. If you can't enjoy it, why have it.

For some people just having it is the enjoyment.

Javelin
Javelin GRM+ Memberand MegaDork
3/25/14 10:10 p.m.
EastCoastMojo wrote: Model kits are for collecting, cars are to be driven. I would rock that every damn day.

False. Model kits are for building. Nothing is worth merely possessing, especially a car.

aussiesmg
aussiesmg MegaDork
3/26/14 5:28 p.m.

Link from ebonyandivory's thread

http://www.foxnews.com/leisure/2014/03/25/wheres-steve-mcqueen-when-need-him-16-shelby-gt500-found-under-40-years-dust/

egnorant
egnorant SuperDork
3/26/14 5:47 p.m.

Makes me sad...this car is identical to the first car I ever bought! I was 14 and it was $450! I fixed the starting problem and my Dad made me take it back because I was 14 and he said I would kill myself in it. Now owned by a policeman less than 10 miles from me and I get to see it about every 6 months cruising down the road.

Might be a happier story than if I told the story of how I wrecked a 1969 Shelby!

Bruce

z31maniac
z31maniac UltimaDork
3/27/14 6:49 a.m.
Sine_Qua_Non wrote: Want but I would make it a DD. that should fetch 7 digits

IIRC my dad told me it brought ~$160,000 at auction.

Adrian_Thompson
Adrian_Thompson PowerDork
3/27/14 7:32 a.m.
z31maniac wrote:
Sine_Qua_Non wrote: Want but I would make it a DD. that should fetch 7 digits
IIRC my dad told me it brought ~$160,000 at auction.

Does that seem low in these days of mega auction prices?

Woody
Woody GRM+ Memberand MegaDork
3/27/14 7:34 a.m.

That would be low for an earlier Shelby, but I don't think this was a $200k car.

spitfirebill
spitfirebill UberDork
3/27/14 7:43 a.m.

Back in the early 80s, a neighbor of mine offered me a GT350 convertible of the same vintage for $7,500. he also had an orange 69 Z-28 for $6,000. Both were in perfect condition. The wife didn't see this the same way I did. For a point of reference, we had bought a new 79 Honda 4door accord for $6,600 a couple of years earlier. A couple of years later, she bought a POS 1985 Olds 98 for $15,000.

z31maniac
z31maniac UltimaDork
3/27/14 7:50 a.m.
Adrian_Thompson wrote:
z31maniac wrote:
Sine_Qua_Non wrote: Want but I would make it a DD. that should fetch 7 digits
IIRC my dad told me it brought ~$160,000 at auction.
Does that seem low in these days of mega auction prices?

I'm with Woody, that body style isn't particularly attractive.

Giant Purple Snorklewacker
Giant Purple Snorklewacker MegaDork
3/27/14 8:15 a.m.

I'll never understand. I just don't get it.

A 70's mustang with some badge engineering and a different but readily available pile of bolt on options is worth more than other mustangs of the same vintage because... not a lot of them were configured that way. Even though it is just as horrible a car as all the other mustangs to drive.

For the price that will fetch I could have elves whittle me a better car and have money left over to buy their cookies.

Does not compute.

edizzle89
edizzle89 New Reader
3/27/14 9:16 a.m.
Giant Purple Snorklewacker wrote: I'll never understand. I just don't get it. A 70's mustang with some badge engineering and a different but readily available pile of bolt on options is worth more than other mustangs of the same vintage because... not a lot of them were configured that way. Even though it is just as horrible a car as all the other mustangs to drive. For the price that will fetch I could have elves whittle me a better car and have money left over to buy their cookies. Does not compute.

exactly how i see it, i could have a regular mustang of the same year and have it better in every way for less then a quarter of what that car was sold for. i get that its 1 of XXX and i find that cool and all but it holds no value for me.

im also not one to care if anything in "numbers matching". i dont care what it was, i just like what it is now

aussiesmg
aussiesmg MegaDork
3/27/14 9:20 a.m.

Investors look at cars as commodities, not as transport, this car was well bought and will appreciate.

I agree with you guys personally which is why I am seeking a Fastback with no collect-ability so I won;t feel bad when I turn it into a car that drives great.

hobiercr
hobiercr GRM+ Memberand Dork
3/27/14 9:29 a.m.

I am SO in for the Honda powered pressure washer. I bet I'll get it for a song.

yamaha
yamaha UltimaDork
3/27/14 9:58 a.m.
Adrian_Thompson wrote:
z31maniac wrote:
Sine_Qua_Non wrote: Want but I would make it a DD. that should fetch 7 digits
IIRC my dad told me it brought ~$160,000 at auction.
Does that seem low in these days of mega auction prices?

'69 isn't a desirable year for them. 65/6 GT350's, 67 GT500's, 69/70 Boss 302/429 are the "mega auction price" cars.

xflowgolf
xflowgolf Dork
3/27/14 10:03 a.m.

I don't understand the infatuation of having correct tires on an old car.

It isn't "correct", it's a consumable/expiring/maintenance item. That's like saying it still has the original gas in the tank.

I guess it makes it unique as an artifact.

It's a neat find regardless, just find the purist/analysts observations to be on the edge of ridiculous.

Cotton
Cotton SuperDork
3/27/14 10:05 a.m.

A lot of people don't get why someone drives a car sparingly, so I can give a few of my thoughts.

For me a lot of it is about the amount of vehicles I have and the amount of time I have to drive them. I looked at my records and in the last 5 years I've driven my 911 less than 2k miles, the 454ss Chevelle less than that, the 78 T/A probably 1k miles, the Solstice GXP coupe we've driven 9k miles since new in 2009. These cars are not daily drivers, they never see snow or salty roads, rarely see rain, are not commuters, so I only drive them when I can enjoy it. They sit on trickle chargers and are always ready to go when I'm ready for them. Those are just a few examples because we have others tagged and insured as well that get driven very little. On the flipside my DD is my BMW k1200s and I put at least 10k miles a year on it, while my wife's DD is a 2012 Wrangler and she does closer to 20k a year.

How many miles do you think someone needs to drive a car per year? At least 5k? If I drive everything we have insured 5k miles per year that would put me at over 75k miles per year. That's not going to happen...I just don't drive that much.

Now say I had less cars, like 5, I would still want to keep my nice cars nice while driving my beaters into the ground, but hey that's just me. I don't care what someone else does with their car. If you want to buy a mint Shelby and run it into the ground that's you're right....more power to you. Hell, if I were filthy rich my DD would be quite a bit more awesome.

Now just because I don't put a million miles a year on all these cars doesn't mean I don't enjoy them. Just walking out to the shop and looking at them makes me damn happy.

I do find something special about original numbers matching cars. I like the thought of owning something as close to what it was like when it rolled out of the factory as possible....that's cool to me, BUT I also like modified cars. This is why I own a low mileage original 78 T/A and a completely bastardized 72 Firebird. They are similar cars, but I enjoy the 78 as a nice original car and I do whatever the hell crazy thought pops into my head for the 72.

That being said I'd love to own the Shelby, Torino, and the van.

aircooled
aircooled UltimaDork
3/27/14 10:37 a.m.
Giant Purple Snorklewacker wrote: ...Even though it is just as horrible a car as all the other mustangs to drive...

Drive them? No, the buyer won't drive it. At least not to the point of discovering it's bad qualities. Perhaps this is one of the reasons they are worth more then seems reasonable.

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