rare 1969 shelby mustang gt 500
09 Apr

Rare Shelby Mustang GT500 Discovered

Garage Find: Low Mileage Shelby Mustang GT500 Set to be Auctioned in Estate Sale

Hidden away with an assortment of vehicles and machinery, a 1969 Shelby Mustang was recently discovered in a recently deceased Pennsylvania man’s possessions. How did this coveted car end up stowed away amongst garden tools for the last 40 years?

The Find of a Lifetime

This awesome find is one of the “best” of its kind. The Shelby is one of approximately 1,000 ever made, and it has only 8,531 miles on it. Those miles were reportedly driven in “ideal” conditions as the owner never drove it in the rain. It’s even thought that the car’s driver never washed it out of fear of paint damage from the process. Due to the circumstances, this car is not only one of the most original Shelby Mustangs around today, but it’s also one of the lowest mileage ones too.

 Rare Shelby Mustang GT500 Discovered

The car will be sold as a part of an estate sale where Larry Brown, owner of the Shelby and Pennsylvania resident, passed away with no heirs on his birthday last year. The most notable part of his estate, the GT500, was purchased by Brown on May 9, 1969 for $5,245.97. All original paperwork is still in the car and it’s believed that Brown last drove the car in 1973, on a regular basis at least. 1973 is the last year the car was registered and it still sports the 1973 State of Pennsylvania registration sticker on the windshield.

According to the Shelby American World Registry, this particular vehicle sold at Eger Motorsports in Mckeesport, PA in 1969. It was a different dealership that sourced the car to Brown, Miller-McVeigh Ford of State College, PA. This was the same dealership that performed the last recorded service on the Mustang — adjusting the door glass, which was actually covered under warranty at 1,665 miles.

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The estate auctioneers noted that the car was in mostly original condition. Someone removed the smog system, heat shield, s-tube, snorkel, and shifter assembly. They are certain that they will find these items in the garage before the sale. The tires are likely the car’s second set, probably replaced under warranty in 1970 or 1971. This car is still wearing its original wheels.

Under the hood is the original 428 Cobra Jet engine that makes 335 horsepower; this is backed by a 4-speed manual. The only modification in the engine bay is a mesh wire installed to keep dirt and debris from damaging the radiator.

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GT500 Seeks Second Owner

People who knew Larry Brown noted that he never drove his ‘69 Shelby Mustang when it was raining. They also suspect that it was never washed because Brown thought the moisture would damage the body and lead to rust. It was probably washed when the dealership was prepping it for delivery to Brown, but that is said to be the last time it was bathed.

A low level of dust lightly blankets the car, but otherwise the vehicle is said to be in virtually-new condition. From the glass, to the chrome, to the decals and everything in between, the car even fired right up when it was first started 3 years ago.

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It’s unclear why Brown stopped driving in 1973, but it’s certainly one of the “barn finds” of the decade. Earlier this year, a 1967 ‘Vette with less than 3,000 miles was discovered under similar circumstances — so this is a really good year for rare finds already!

Shelby Mustangs with historical significance routinely sell for around $200,000; while some GT500s sell for the low $100,000. It’s anyone’s guess what this vehicle will go for. There isn’t much to compare the car to, even the best restored examples aren’t going to match what kind of value an almost all-original Shelby. We’re also somewhat in the midst of “barn-find mania” right now since people are thirsty for rare collectibles.

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What do you think it will sell for when it becomes available April 25th?

 

 

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Comments (19)

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  1. martin walter says:

    I must be a skeptic. If he was so anal to not even wash it why would he take the pollution control equipment off the car? Why would the tires be replaced, something don’t add up.

    • spryspry says:

      The car ran a lot better with the smog off and nobody thought of saving the parts like that back then. He’d have to be pretty neurotic to wash it for that period of time, especially as he got elderly.

      • tntguy says:

        The smog system or Thermactor as Ford called it really didn’t affect the performance of the engine. It basically injects air into the exhaust manifolds to burn up the left over HC from an incomplete combustion thus reducing emissions. However, it’s a PITA as it gets in the way when you have to service the plugs or points/cond/cap.
        Why would someone who babied his car want to remove the smog system is a mystery to me.

  2. john wickman says:

    Goodyear had a lot of problems with sidewall cracks in the poly-glas tires around that time. Many were replaced under warranty.

  3. Bruce Mac Farline says:

    What a beauty. I sure hope someone who loves that car gets to buy it, and give her all the TLC she needs. That’s like finding the Mona Lisa of ford pony cars. Wish I was a Millionare!

  4. David Price says:

    Wouldn’t you think an anal guy would at least cover the car? I’ve have a 69 GT-500 Convertible for over 20 years, and I always keep the car covered, even sometimes when sitting outside.It wasn’t unusual to take the smog off the car when it was new. My car was a 1 owner car, and the original owner took the smog off my car too. At least he kept it. I had it reinstalled. Pretty cool car!!

    • spryspry says:

      Sometimes squirrels and rodents get under the cover and scratch the car, even if it’s indoors. The covers can also damage paint or trap moisture in some obscure place. If you have a lot of cars it’s troublesome to keep looking after each one.

  5. John says:

    Where’s Jay Leno?

  6. Dr. Gene~Landrum, says:

    Barn Finds is the rage! Story of individual purchasing two ‘barns’ that were sealed, with rare automobiles in them. If true, what happened to the vehicles! Has anyone heard of; disconnect a speed o or turning one back? Are the Spark plugs original? With such low mileage, they should be, and all spark plugs have dates on them or numbers, is my understanding! Other parts can be dated also! “Buyer, beware” is my best advice, do your homework!

  7. Dr. Gene~Landrum, says:

    Here in the Northwest, is a tragic event that is about (maybe, already has) is a original Dodge Viper (one of the first produced) that is to be destroyed, because Chrysler refuses to sell it the the University, who has maintained, the vehicle, for ‘fund raisers’ and for its, Auto. Tech. Department? Wish I could remember more, I know that it should be, ‘illegal’ to destroy a Museum type auto of Americania! Just my opinion! Shame! Shame! if this execution happens.

    • Ray from Davis says:

      I think it’s a community college and Chrysler never relinquished title. It’s Chrysler’s to do with as they please. That being said, one would think it would be possible to render the car inoperable & donate it to a museum. (Chrysler claims to be concerned about liability if a student grabs it for a “joy ride” some night.)

  8. H Hulsebosch says:

    Hello, can someone tell me where the car will be auctioned, so I can sign in, please give me the information of that auctioncompany, I am interested in the shelby, thank you very much, greetings henry hulsebosch

    • P Steckman says:

      The auctioneer is rgilligan.com.
      This will be held in State College Pa. on April 25,2014 9:30AM.
      Good luck.

  9. Eric N says:

    Regarding the above comments on spark plugs from Dr. Gene~Landrum, as a matter of business these are always checked along with others when a rare low mileage car comes up. A former client of mine took possession of a warehouse in Texas in 1999 and acquired a rare Ford Thunderbolt that apparently had not seen the light of day since the sixties.
    Specialists were brought in that checked not only the plugs, but the plug wires, the brake pad linings etc. This was the only way to properly document such a scarce car.

    • Anthony Giovanni says:

      I don’t believe it . Look at the water pump it is covered with black oil and dirt . Look’s like a bad crank seal Ford’s never leaked like that till you got 70,000 miles . Lot’s of guy’s drove with their speedo’s disconnected. Warranty????????????

      • Dkernsy says:

        You can believe it…I have literally driven past this residence thousands of times over the last 20 years commuting to work and never knew it or the other vehicles existed. Also know people from the community that confirm the authenticity.

  10. Mick says:

    O.K.folks how much did this beauty go for?

    • Dkernsy says:

      I drove past the auction site today and was told it went for $275,000…not sure about the other vehicles that sold with it from the same estate. It reportedly is staying in Pa.

  11. Ferrari says:

    I was at the sale. It sold for $280,000.00.

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