FOUND > Cars Worth Millions in Condemned Garage
Parked and forgotten, for decadesEstimates place the value of the two cars at $4 million.
February 6, 2018
By James Massey, What Sells Best News
NORTH CAROLINA – The Barn Find Hunter, Tom Cotter is reporting on Hagerty, that an extremely rare vintage Ferrari 275 GTB, and Shelby Cobra 427, have been discovered inside an old condemned North Carolina garage. Initial estimates place the value at $4 million.
PARKED AND FORGOTTEN
The cars were parked in the garage in 1991, after the car owner’s mechanic who was also a personal friend, died in a motorcycle accident. Apparently they were forgotten for decades, until the owner received a condemnation notice for the garage, from the city.
When Tom Cotter arrived on the scene, he spotted the first treasure just inside the garage door. Covered in decades of dust, was a silver 12-cylinder 1966 Ferrari 275 GTB, with only 13,000 miles. However, that was just the beginning of the story.The $4 million discovery by Barn Find Hunter, Tom Cotter.
An unrestored 1966 Ford Shelby Cobra 427, with only 19,000 miles and a trunkful of mouse nests was sitting nearby. Serial numbers identified it as one of roughly 100 built with a 428-cubic-inch engine, despite the logo listing it as a 427. A move that caused Shelby some trouble with Ford at the time.
ICONS OF A FIERCE RIVALRY
Ironically, the cars sitting together, also represents an era of an intense rivalry between Ford and Ferrari, which was ignited after Enzo Ferrari unexpectedly pulled out of a deal with Henry Ford II to buy Ferrari in 1963.The intense Ford verses Ferrari rivalry.
In his anger, Ford decided if he couldn't buy ‘em, he'd beat ‘em, and he set his racing team and company, on a course for revenge. Carroll Shelby was pivotal in helping Ford exercise his vendetta against Enzo Ferrari.
WHY THEY'RE RARE
Both cars are highly sought by collectors, and have very small production numbers compared to the manufacturing runs of today. Having less than 20,000 miles each, also makes them that much more attractive to potential buyers.
TOP 'BARN FINDS'
Small details can make a big difference in the prices of rare cars. If you ever find an old car in a barn, you might want to reach out to our recommended experts on the free appraisals page.
At this time we have no information regarding the sale of this item. Stay tuned!
- FREE - Get Treasure Alerts
TOP 25: VINTAGE CARS ONLINE
Chevelle SS 454 LS6, 450hp, M21 4-sp, PS, PB, Vintage A/C, 12 Bolt 1970 Chevrolet Chevelle SS 454 LS6, 450hp, M21 4-sp, PS, PB, Vintage A/C, 12 Bol
High Bid: $74,500.00
1956 Chevrolet Other Bel Air 350 V8 (350hp), 4 Speed, Power Steering/Brakes, Vintage A/C, Multiple Show Winne
High Bid: $49,900.00
High Bid: $39,900.00
1938 Pontiac 6DA Sedan with Suicide Doors 1938 Pontiac 6DA Sedan: 350 V8, Auto, Vintage A/C, Suicide Doors, Custom Interio
High Bid: $39,900.00
High Bid: $27,200.00
High Bid: $24,995.00
TOYOTA LAND CRUISER FJ55 RESTORED AC RARE VINTAGE 4X4 PS PB FJ40 CALL 1-877-422-2940! FINANCING! WORLD WIDE SHIPPING. CONSIGNMENT. TRADES. FORD
High Bid: $24,900.00
1970 Ford Torino GT 1970 Ford Torino GT TRUE GT 429 Engine Automatic Trans New Vintage AC P/S NICE!!
High Bid: $24,100.00
1967 Dodge Coronet R/T CONVERTIBLE TRIPLE BLACK RARE mopar super bee VINTAGE AIR PWR. 4-WHEEL DISC TEXAS SOLID ALL ORIG. MOPAR STEEL road runner gtx
High Bid: $18,367.00
High Bid: $15,400.00
High Bid: $12,522.00
High Bid: $11,000.00
1989 Chevrolet Astro Provan 1989 Chevy Tiger Astro Provan Chalet Westfalia Vintage Camper Van Shorty RV rare
High Bid: $9,950.00
High Bid: $9,200.00
High Bid: $7,300.00
1972 Chevrolet C-10 CHEYENNE Pickup Truck Hot Rod rat Custom VTG C10 1971 1970 1969 1968 patina fARM tRUCK 67
High Bid: $3,500.00
High Bid: $3,499.43
High Bid: $1,150.00
High Bid: $960.00