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