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Lot 24
1964 Shelby Cobra 289

1964 Shelby Cobra 289
Chassis no. CSX2328
Engine no. PA4539

289ci OHV V8 Engine
Single Four-Barrel Carburetor
306bhp at 6,000rpm
4-Speed Manual Transmission
4-Wheel Independent Suspension
4-Wheel Disc Brakes

*Well-kept Cobra retaining its original drivetrain and body
* Desirable rack and pinion steering
* Recent comprehensive restoration to factory specifications
*Known ownership history since new


The Shelby Cobra story is quite well known, although depending who you ask, people tell it differently. A.C. Cars, Ltd., was a boutique British automaker whose heritage descended from 1908. Originally makers of small delivery vehicles (the initials came from Auto Carrier), the company got into sports cars in the 1920s. After World War II, there was a sports car hiatus while the company built some invalid cars, but in 1954 the Ace debuted, a new tube-frame car with all-independent suspension by John Tojeiro. From 1956, A.C.'s own engines were supplemented with outsourced units from Bristol and Ford of England.

Meanwhile, Carroll Shelby, a chicken farmer turned racing driver, approached A.C. about putting American V8s into the Ace chassis. Shelby had initially been interested in Chevrolet's small block engine, but General Motors turned him down, no doubt because of concerns over competition for the Corvette. A.C.'s Charles Hurlock expressed interest in the proposition, and shortly thereafter, in October 1961, Shelby learned of Ford's new small block V8, slated for introduction in the 1962 intermediate Fairlane model. Ford was more than eager to do business for the exact reasons that Chevrolet declined.

An example of the new engine was sent to England, where A.C. found it an easy fit, in part because of their experience with the British Ford six. This prototype chassis, number CSX2000, was then shipped to the United States, sans engine. The first 75 Cobras, a name that reportedly came to Shelby in a dream, were built with 260 cubic inch high-performance Ford engines. The later cars used the 289-cubic inch unit with similar high performance upgrades. The Ace's differential had been uprated to a stronger Salisbury unit, as used in E-Type Jaguars, and the steering box, a worm-and-sector design, was moved outward to clear the engine. Disc brakes were used all around.

Production ramped up slowly during 1962, and in October the first competition Cobra contested the Los Angeles Times Grand Prix. It retired with a broken hub, but not until showing the Corvettes that it would be a force to be reckoned with. Toward the end of the year, A.C.'s chief engineer, Alan Turner, redesigned the front end to take a more precise rack-and-pinion steering arrangement. The new chassis became effective early in 1963 with car CSX2126.

Rightfully regarded as one of the all-time great classic sports cars, the Shelby Cobra remains one of the most iconic and collectible cars ever made.


This 1964 Shelby Cobra 289 is a striking example of Carroll Shelby's potent intercontinental sports car. At first glance one immediately notices the sporty red paint, correctly painted wire-wheel, and appropriate white sidewall tires - all of which are described in the original specifications and early pictures of CSX2328. According to this Cobra's extensive history file, Mr. Dodge Olmstead purchased CSX2328 on October 29th, 1964 from Cherner Motor Company in in Washington, DC. As the copy of the original invoice states, the Roadster was very well optioned, including white sidewall tires, a luggage rack, wind wings, seatbelts, a radio, and an external rearview mirror, totaling $5791.75. Mr. Olmstead kept his red Cobra for about 2 years before trading it in February of 1966 towards a 427 Cobra, CSX3173, through Archway Motors in Baltimore, Maryland. The next owner, Army Lieutenant Robert Whittacker, brought CSX2328 to Florida and painted the car a flamboyant metallic green before 1972, when it was acquired by Michigander Mr. Ray Angus, who chose a demurer silver for this Cobra. In the spring of 1974, noted Cobra expert and restorer Mr. Bill Kemper acquired this Shelby and returned it to its original red paintwork. Over the next decade, this car passed through several collections before finding a long-term home in 1986.

In 1986, Mr. Seymour Levin acquired this special Shelby Cobra and kept it in his collection in Pennsylvania for 24 years, before finally parting with it in 2010. That year, this car was given a sympathetic mechanical refresh before being sold to another enthusiast. The consignor purchased CSX2328 and made the decision to restore the very authentic Cobra to its original splendor. Importantly, the Cobra remained in original condition and there are no records or signs of damage or misuse. The original aluminum bodywork was returned to bare metal and repainted in the original red over a new black interior, complete with seatbelts, Stewart Warner gauges, and the original, unrestored steering wheel. The original drivetrain operates wonderfully, mated with rebuilt suspension and braking systems, lending to the drivability of this fine Cobra 289. Being a late production 289, this car is equipped with more desirable, robust rack and pinion steering, factory side vents, Ford electrics with Stewart Warner gauges, a combination considered the most desirable of all 289 Cobras. As one might imagine given the extent of the restoration, this car is beautifully presented throughout. The aluminum body is very straight and the vibrant red paintwork envelops the curvy lines beautifully with a great luster. The exterior is capped off by the car's original accessories, resplendent with an external rear view mirror, wind wings, wire wheels, front bumper, and white sidewall tires.

CSX2328 is an excellent, numbers-matching example of the iconic Cobra, complete with an extensive history file, including; picture of the car brand new with its original owner, Shelby American order sheet specific to this car, original customer copy of the bill of sale, canceled check for payment in full, original factory brochure, factory invoices, and is noted in the Shelby American World Registry. Few cars have the iconic status of the original Cobra, and combined with the drivability and condition of this example, this 289 is a great opportunity to acquire a timeless classic.

Saleroom notices

  • Please note, this vehicle is titled under the model year 1965.
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