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Why Did the 1966 Shelby Cobra 427 Super Snake Sell for $5 Million?

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On: Fri, Aug 6, 2010 at 4:01PM | By: Sherry Christiansen

Why Did the 1966 Shelby Cobra 427 Super Snake Sell for $5 Million?

The 1966 Cobra “Super Snake” was one of the most inspiring automobiles ever designed. On September 7, 1965 CSX 3015 was shipped to Ford Advanced Vehicles Department, just before Carroll Shelby transformed CSX 3015 into the 'Super Snake' Shelby. Shelby was already a world-famous race driver by 1959, when he won LeMans for Aston Martin.

The 1966 Shelby Cobra 427 Super Snake was a race car adapted for street use. Cobras combined Ford V-8 engines and lightweight British AC Ace bodies to create some of the most sought-after domestic cars ever made.

The Super Snake has an outrageous 427cubic inch, 800hp twin Paxton supercharged V8 with a super three-speed automatic transmission. Shelby drove the Cobra in a running of the "Turismos Visitadores" in Nevada. In February 1968, Road & Track referred to CSX3015 as ''The Cobra to End All Cobras.''

The one-of-a-kind muscle car started life as one of 23 Cobra competition roadsters and was made legal for the street with the addition of mufflers, bumpers, and other requirements. The roadster's aluminum body was upgraded with flared fenders that extended over gumball tires.

The CSX 3015 is one of two Super Snake Cobras built, the other being the CSX 3303 originally built for Bill Cosby. Sadly, its next owner drove off a cliff into the ocean and took his own life, as well as the life of the only other existing Super Snake.
The CSX 3015 still maintains its original body with its 1967 aluminum “Super Snake” hood.

Carroll Shelby's 1966 Shelby Cobra 427 Supersnake, that was designed and built solely for racing, was sold during the Barrett-Jackson Collector Car Event from Jan. 13-21, 2007, in Scottsdale, Arizona for a record $5.5 million. The auction is famous for attracting hundreds of avid muscle car enthusiasts who are known to bid millions, but the bidding for the Cobra Super Snake went down in history as a world record for domestic sports cars.

The 1966 Shelby Cobra 427 Super Snake is rare, as it is the only original that exists, which was a primary reason the price at the auction was driven up to $5.5 million, a world record price for a domestic sports car, according to auction organizers.
According to the Barrett-Jackson website, Shelby states: "When I built this dual supercharged 427 Cobra in 1966, I wanted it to be the fastest, meanest car on the road. Forty years later, it will still kick the tail of just about anything in the world. It's the fastest street legal Cobra I've ever owned." According to Shelby, the car can reach 0-60-mph time at just over three seconds.

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