How Much is a Shelby Cobra Worth at Auction?

The Shelby Cobra represents a highly variable segment of the classic car market, with strong market activity reflected in 165 auction sales over the past 12 months. The median sale price currently sits at $56,000, with values ranging from $42,000 for entry-level examples to $74,500 for collector-grade vehicles. This 58% price spread indicates significant variation in condition, mileage, and provenance among sold examples.

As a Shelby Cobra, this vehicle occupies a mid-range enthusiast segment. Since its introduction in 1956, it has become a staple for Shelby enthusiasts.

The availability of 289ci HiPo V8 and 289ci Ford V8 engines and Manual (4-speed) and (4-speed) transmissions significantly impacts the resale value. Enthusiasts often prioritize specific mechanical configurations, with manual transmissions and high-performance engines typically commanding a premium in the current auction climate.