Tuesday, October 30, 2007, posted by Auto Rider at 8:20 PM

Legendary automotive designer and former racing driver Carroll Shelby will be auctioning off his 1969 GT500 convertible. The said vehicle which Shelby has owned since it rolled off the assembly line will be auctioned off at the annual Barrett-Jackson Collector Car Event on January 12-20 next year in Scottsdale, Arizona.

Said vehicle is the only Ford-based Shelby Mustang which Carroll has owned since it came out of production. The vehicle which will be auctioned next year will attract gearheads as it will be showcased at the SEMA show in Las Vegas. The said vehicle will be one of the highlights of the "Racing and Performance" area of the Central Hall at the Las Vegas Convention Center where the SEMA show will be held.

Barrett-Jackson Auction Company Chief Executive Officer Craig Jackson said that the auction will attract a lot of auto enthusiasts. "Barrett-Jackson attracts the most important collector cars because it is the greatest stage in the world to buy and sell these fantastic pieces of history," said Jackson. He also pointed out that they have also sold a car with a connection to Carroll Shelby last year and they would be outdoing themselves this year.

"Last year, we sold the only 427 Shelby Cobra built specifically for Carroll in Scottsdale and now we have the only Shelby Mustang that he’s owned for the past three decades," Jackson said. "This is an opportunity to be the second owner of a premier car and purchase it from the man himself on the weekend we celebrate his 85th birthday. This special car will also be a highlight of our SEMA display, which will be more impressive than ever this year," he added further.

The vehicle which will be auctioned off has been restored by Jim Cowles, known for his talent of restoring classic Shelby cars. The job was done at the Shelby Parts and Restoration in Green Bay, Wisconsin. The restoration of the vehicles makes it even more valuable.

Steve Davis, the President of the Barrett-Jackson Auction Company, commented that: "The only other Shelby that Carroll has owned longer than this GT500 is the first Cobra, CSX2000. With its recent restoration by one of the premier shops in the country, this historical GT500 would be a monumental acquisition for any serious collector."

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