Watch Bidding Action As Ken Miles Shelby GT350R Sets Mustang World Record

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Fears of a global coronavirus pandemic ground the automotive industry to a halt over the past few months, as manufacturers were forced to shutter dealerships and lockdown factory floors. Meanwhile, the effects of the slowdown on the secondhand and collectible markets may take a bit longer to quantify. Sure, events like the Pebble Beach Concours d’Elegance were canceled, but the result seems to have been that more amazing cars have popped up online in the interim. Perhaps expecting that wealthy collectors would be starved for auction action, Mecum Auctions set up an absolutely historic lineup for the Indy 2020 event, which wrapped up on Saturday, July 18. And now, fans of automotive history can watch history being made in a YouTube clip showing the famous “Ken Miles Flying Ford Mustang” setting a new world record for Mustang prices after hitting a whopping $3.85 million.

As awesome as this 1965 Shelby GT350R Prototype sounded in Mecum’s listing going into the event, watching and hearing the auctioneer rattle off six-figure bumps up into rarefied air should be enough to give anyone goosebumps. With a final gavel at $3.5 million, plus the buyer’s premium, the world’s first Shelby R-Model competition car took over the position as world’s most expensive Mustang from the famous Bullitt movie car that sold earlier this year for $3.74 million—also at a Mecum event.

RELATED: Meet The Original Mustang: The P-51

via Mecum Auctions

Perhaps part of the high price can be attributed to the 2019 release of Ford v Ferrari, which followed Matt Damon’s Carroll Shelby and Christian Bale’s Ken Miles as they took on Enzo Ferrari at his own game at the 24 Hours of Le Mans endurance race. But much of the value can also be attributed to the extensive provenance of the car—regardless of silver screen glamorization—as being, without a doubt, the “most historically significant Shelby Mustang in the world,” according to Mecum’s listing. And now, it’s also the most valuable.

Sources: Mecum, Youtube

NEXT: Retiree Turns 2018 Ford Mustang Into “The Brute In A Suit”

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By: Torstein Salvesen
Title: Watch Bidding Action As Ken Miles Shelby GT350R Sets Mustang World Record
Sourced From: www.hotcars.com/watch-bidding-ken-miles-shelby-gt350r-mustang-world-record/
Published Date: Mon, 20 Jul 2020 13:00:46 GMT

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