Rare 1967 Shelby GT500 to auction at Scottsdale

A rare example of the 1967 Shelby GT500 Fastback is to provide yet another highlight at the long-awaited Scottsdale auctions, when it crosses the block on January 20.

1967 Shelby GT500 Fastback low milage auction
Low mileage and original features make this one of the finest examples on the market

The car, which is one of the model's lowest mileage original examples, will be offered at Barrett-Jackson without reserve. It has been consigned to auction by the CEO of car dealer Planet Cobra, Steve Becker, who is an expert on 1965-1970 Shelby Mustangs.

He commented: "This original, well documented, low mileage vehicle is one of the rarest Shelby's ever built and one of my prized possessions."

With just 9,841 miles on the clock, the Shelby has had just two owners - including Becker - from new. Its first owner, Edward Milkos, had originally bought it specifically for drag racing, though an injury and rising fuel prices forced him to retire after just two years.

It was then traded to Becker for a late model Jaguar. Boasting a 428 cubic inch V8 engine with four dual-barrel carburettors and a four speed manual transmission, it features its original paint, wheels, tires and drive train.

The auction follows Carroll Shelby's death in May 2012, which has prompted renewed interest in the classic marque. Shortly after his passing, a GT500 SE Super Snake set the world record price for the model at auction, selling for $330,000.

See more of 2012's top sales with our classic car auction review. Sign up to our free weekly newsletter for more of the latest, and exclusive investment advice.

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