1969 SHELBY GT500 COBRAJET RACED AS KING COBRA AND POONTANG DURING 1969-1977

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1969

SHELBY

GT 500

SPORTSROOF

"KING COBRA"

PROBABLY THE LOWEST MILEAGE SHELBY GT 500 IN EXISTENCE!!!

LAST REGISTERED IN 1979

FEATURED IN "MUSCLE CARS OF THE 60'S/70'S LEGEND SERIES" SEPT/OCT 1990!

This is a well-known and thoroughly documented Shelby GT 500 that raced

in period in the Super-Stock F-Automatic (SS/FA) class. First purchased

by Tom Mattingly it was to be used solely for racing. The Shelby was

bought from Jerry Alderman Ford in Indianapolis. Indiana. The car saw

limited street use for a few months before it was converted for

exclusive dragstrip use.

Mattingly did the driving while his mechanic. Jeff Yeager. handled

fine-tuning the car to extract its maximum performance. The Shelby GT

500 performed respectably. turning times in the 12-second range

consistently. King Cobra's best quarter-mile time is recorded as 11. 68

seconds. The duo did a fine job in developing the 428-cid V-8 powered

car by refining new limits each time out through experimentation with

tires. wheels. suspension tuning and carburetor settings.

The cars dragstrip career lasted numerous action-packed seasons with Y

& M Automotive (Yeager and Mattingly). Alderman's Ford (the original

selling dealer). Gunderson's Speed Shop and Garv's Head Service as

sponsors. Mattingly named his car “King Cobra” and primarily competed at

Indianapolis Raceway Park in nearby Clermont. Indiana.

The car was sold in 1973 to Stan Sherman of Canoga Park. California. He

exhibited and showed the car as “Poon Tang 1” for several years. using

his business. Sherman's Speed Shop. as a natural tie-in. He last

registered the car in 1979. and then offered the Shelby for sale in 1986

after returning the car to street trim. It was acquired two years later

by Larry Gonzales of Redlands. California when he traded a 1974

Rolls-Royce Silver Shadow for the car.

Mr. Gonzales kept the car in storage for about seven months. when it was

“rediscovered” by Mike Scott. owner of Corvette Corrections in Anaheim.

California. Mr. Scott then restored the Shelby back to its glory day's

presentation as the “King Cobra” circa 1970. having made small

allowances to improve its streetability. Amazingly. Tom Mattingly had

moved to Southern California and now lived only a short distance from

“his” car.

When totally and professionally restored. the Shelby was made street

legal. but it is still nearly as strong as when it was a full-fledged

drag car. Since it spent many active years on the dragstrip. the Shelby

has accumulated few miles. The mileage on the odometer is 1. 20 (A quarter mile at a time!) and is thoroughly documented through the life of this amazing car to be original!!!

Many hours of research and effort went into putting the car back to the

“King Cobra. ” Vintage photographs. many personal recollections and

assistance from some who worked with Mr. Mattingly all contributed to

this fine effort. The car was featured in “Cars and Parts Magazine”

Legend Series in the September/October issue of 1990.

The car is powered by its 428-cid. 360-hp 4 V CJ engine with Ram Air and

mated to a C-6 automatic transmission. The Shelby is also equipped with a

Traction-Lok differential. Other options ordered on this car. according

to its Deluxe Marti Report. are Sport Deck rear seat. Visibility Group.

AM radio. Deluxe Belts. Tachometer. power steering and power brakes

with front discs.

Competition-type modifications were limited and include an extra oil

cooler. electric fuel pump and the relocation of the heavy-duty battery

to the car's trunk. After many years of search. even the mag-style

wheels were found that matched those used originally on the “King

Cobra. ”

This is a rare opportunity to acquire a thoroughly documented piece of musclecar

performance history that truly represents the era and all of the fine

memories that come with it. This very important Shelby would be welcome

at vintage drag racing events as well as shows and exhibitions of all

types. We're quite certain you'll never find another Shelby of this provenance. history. and caliber. It will be an important addition to any collection.

PLEASE CALL US AT

WITH ANY QUESTIONS ABOUT THIS CAR OR OUR TRADE-IN POLICY

TERMS AND CONDITIONS

We reserve the

right to terminate this auction early. as the car is for sale locally

in our showroom. We might consider lifting the reserve and

selling to highest bidder. please contact us to find out if this is

an option. Please bid in a serious manner. We request that all bidders

have a 20% deposit ready to send within 48 hours of the ending of this

auction should you be the winning bidder.

As always. we

would entertain trade ins. but please call or EMAIL

us to discuss all the specifics. We love classics. but newer cars are

also a possibility. Please call us with your questions and/or comments.

If you are the winning bidder. the car can be stored if you aren't

able to take immediate delivery. We can arrange transportation for you.

either open or enclosed. usually at the best possible prices for a licensed.

bonded & insured carrier. The time to ask questions is before the auction

ends at

or

EMAIL

us. Thank you very much for taking the time to look and good luck bidding.

we hope you are our next satisfied customer!

TERMS

AND CONDITIONS

This

vehicle is being sold AS IS WHERE IS with no warranty other

than that which may exist from the manufacturer. The description

above is for narrative purposes only. Bidders

and prospective buyers are cautioned to conduct their own due

diligence. including a physical inspection in person through

a qualified third party inspector or appraiser prior to bidding.

In fact we would welcome such an inspection and will make every

effort to make the above mentioned vehicle available at a time

convenient to perspective purchaser or their agents before the

end of the sale. If you choose to purchase this vehicle sight

unseen. you hold yourself responsible for the condition of the

vehicle. All items are subject to a $295 administrative and

documentary fee. All items sold under Florida law with legal

jurisdiction of this transaction in Broward County. lorida.

Please make sure you have the ability to send a 20% deposit

(cashiers check. money order or bank wire transfer) within 48

hours and the balance within 5 days of end of auction. Buyer

pays actual shipping costs. This item is subject to prior sale.

it is for sale locally. If you have a negative or zero rating

you must call me before bidding. A deposit will be required

and refunded to you if you are not the high bidder. NO EXCEPTIONS.

ACCURACY OF INFORMATION

International Auto Group uses commercially reasonable efforts to assure the

accuracy of the information on this listing. All Information contained on

this listing. however. may be changed and updated at any time without

notice. and may contain errors or inaccuracies. This listing may also contains

information provided by third parties. International Auto Group makes no

representation or warranty regarding the accuracy. truth. quality.

suitability. or reliability of such information and International Auto Group is

not responsible for any errors. omissions. or inaccuracies contained in

any information provided by such third parties.

PLEASE

understand that the vehicles are Pre-Owned. and at times. they may come

without accessories SUCH as extra keys. CD magazines. navigation discs.

floor mats. tools and owner's manuals. We will be happy to order any

parts/accessories for you at an additional cost.

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