Gooding & Company will soon present two rare and iconic sport cars – both of which have remained untouched for decades – at the company’s Amelia Island Auction held on March 9, 2018. Back in 1991, this rare, beautiful 1966 Ferrari 275 GTB Long Nose Alloy and this iconic, muscular 1967 Shelby 427 Cobra, were driven into a then-new garage in North Carolina, parked, and left undisturbed for the next 26 years. The recent discovery of these two cars is a historic automotive moment and the offering of these time capsules at public sale is truly a momentous occasion.
To discover either one of these cars would be unbelievable, but to find both, incredibly well-preserved and untouched in one garage, is truly exciting to any car enthusiast.
1966 Ferrari 275 GTB Long Nose Alloy (Estimate: $2,500,000-$3,250,000)
Designed by Pininfarina with coachwork by Scaglietti, the alloy-bodied 275 GTB Long Nose is one of the ultimate road-going Ferraris. Scaglietti built just 205 examples with the desirable long-nose body style, of which only 80 were the lightweight aluminum variants. The Ferrari presented here, chassis 08125, was sold new in Italy – finished in a distinctive silver over blue color scheme – and then exported to the United States in the early 1970s. When the current owner first saw 08125, he thought it was the most beautiful car he had ever seen, which led him to purchase the Ferrari in March 1985. Then in 1991, he moved the Ferrari into the garage of his newly built home, and that is where this rare 275 GTB would remain, unmoved until recently.
Now ready to sell his prized collector cars, the owner had the Ferrari pulled from the garage and, after some minor mechanical sorting, the 3.3-liter V12 came back to life. Before sending off the car to find a new steward via Gooding & Company, the owner arranged to have the 275 GTB Alloy presented one last time, displaying it at the exclusive Palm Beach Cavallino Classic in January 2018. The newly discovered Ferrari drove onto the field and became one of the undisputed stars of the show – covered in dust, but clearly well preserved.
1967 Shelby 427 Cobra (Estimate: $1,000,000-$1,300,000)
One of the most iconic sports cars of the 1960s, the Shelby Cobra was envisioned by famed racing driver Carroll Shelby and developed by his team of talented engineers. The Shelby team successfully combined the best qualities of European competition machinery and California hot rods, which resulted in this distinctive Anglo-American sports car. Only 260 Shelby 427 Cobra street roadsters were produced. This car, chassis CSX3278, was purchased by the current owner in the spring of 1980. With its original red over black color scheme, this excellent example had just 13,000 miles on it.
The current owner would amass just 6,000 additional miles over the next decade before parking the Cobra in the same garage as his Ferrari 275 GTB Long Nose Alloy in 1991. Today, this car has been preserved just as brilliantly as its partner. The Cobra still has its proper wooden steering wheel and correct Peter Brock-designed “Sunburst” wheels wearing period Goodyear Wingfoot tires. Even more exciting, the Ford big-block engine recently fired back to life with limited mechanical sorting. This Cobra offers everything desired by the astute collector – no rollbar, no side pipes, no scoops or stripes – just an honest, unrestored big-block Cobra that has been preserved by one owner for over two decades.