SAAC Forum

Deals and Appeals => Up For Auction => Topic started by: 2112 on March 25, 2019, 02:34:48 PM

Title: '65 GT350 on BaT
Post by: 2112 on March 25, 2019, 02:34:48 PM
https://bringatrailer.com/listing/1965-shelby-mustang-gt350-3/


This 1965 Shelby GT350 was reportedly sold new at Archway Motors in Baltimore, Maryland and was converted into an SCCA B Production vintage race car in the 1980s by the late Walt Hane. It wears serial #SFM5S471 and is registered with the Shelby American Automobile Club. The seller has owned the car since 2003 and campaigned it between 2004 and 2013, averaging three events per year. Finished in Sapphire Blue with white stripes, the car is equipped with an R-model type front apron and Torq Thrust wheels. Power is provided by a freshly-rebuilt 293ci SBF V8 paired with a 4-speed Jerico transmission and 4.11 Detroit Locker rear axle. Competition equipment includes a full roll cage, triple-disc clutch, upgraded suspension, Fuel Safe fuel cell, Halon fire-suppression system, and more as outlined in the listing below. The seller retired from racing a few years ago, and this GT350 is now offered on a bill of sale in Virginia with a VRG logbook, spec sheets, receipts from recent service, and a spares package

BaT Essentials
Lot #17513
Seller: halmar
Location: Gainesville, Virginia 20155
Chassis: SFM5S471
Vintage B Production Racer
Built by Walter Hane
293ci OHV V8
4-Speed Jerico Gearbox
2018 Engine Rebuild
Sapphire Blue w/ White Stripes
4.11 Detroit Locker
Torq Thrust Wheels
SAAC Registered
Receipts and Spares
Private Party or Dealer: Private Party



Title: Re: '65 GT350 on BaT
Post by: CSX 4133 on March 25, 2019, 02:59:14 PM

With the exception of being a '65 this car could be my cars twin.   :)
Title: Re: '65 GT350 on BaT
Post by: JWH on March 25, 2019, 03:04:17 PM
Acquiring this would be a dilemma....do you restore it and remove all traces of the work done by the "B" production champion and perhaps the most knowledgeable guy at making a GT350 stonking fast, Walt Hane? Or do you leave as-is, a heart pounding all-out race car and preserve one of Walt's masterpieces?
     
Title: Re: '65 GT350 on BaT
Post by: terlingua11 on March 25, 2019, 03:04:34 PM
That's really a great looking car. If I was in the market for a track car, that would be it-

The only real issue is that 65's bring such strong money, and this is so far from a strong money 65, I'm guessing the expectation level of the seller is still pretty high. With the lack of original 65 Shelby parts around, it would be pretty hard to bring this back from a track car-

It will be interesting to see what it brings $$$ wise. I actually like the fact that it's a real deal Shelby.
Title: Re: '65 GT350 on BaT
Post by: terlingua11 on March 25, 2019, 03:05:54 PM
Quote from: JWH on March 25, 2019, 03:04:17 PM
Acquiring this would be a dilemma....do you restore it and remove all traces of the work done by the "B" production champion and perhaps the most knowledgeable guy at making a GT350 stonking fast, Walt Hane? Or do you leave as-is, a heart pounding all-out race car and preserve one of Walt's masterpieces?
     

I hope it stays as is!!
Title: Re: '65 GT350 on BaT
Post by: davez on March 25, 2019, 03:11:27 PM
It says bill of sale. No title?
Title: Re: '65 GT350 on BaT
Post by: terlingua11 on March 25, 2019, 03:25:11 PM
Looks like you can bypass BAT and buy it right now for $289K

http://dadsclassiccars.com/used-1965-shelby-gt350-for-sale-in-marshall-va-sfm5s471-521856
Title: Re: '65 GT350 on BaT
Post by: Bigfoot on March 25, 2019, 03:47:02 PM
That would b fun!
Title: Re: '65 GT350 on BaT
Post by: Sfm6sxxx on March 25, 2019, 03:47:29 PM
Quote from: davez on March 25, 2019, 03:11:27 PM
It says bill of sale. No title?
It depends on the state.  New York did not issue titles until 1973.  You get a Transferable Registration for pre-73 vehicles.
Title: Re: '65 GT350 on BaT
Post by: 2112 on March 25, 2019, 04:07:26 PM
Quote from: CSX 4133 on March 25, 2019, 02:59:14 PM

With the exception of being a '65 this car could be my cars twin.   :)

At first glance, I thought it was your car.

Quote from: terlingua11 on March 25, 2019, 03:05:54 PM
Quote from: JWH on March 25, 2019, 03:04:17 PM
Acquiring this would be a dilemma....do you restore it and remove all traces of the work done by the "B" production champion and perhaps the most knowledgeable guy at making a GT350 stonking fast, Walt Hane? Or do you leave as-is, a heart pounding all-out race car and preserve one of Walt's masterpieces?
     

I hope it stays as is!!

Me too
Title: Re: '65 GT350 on BaT
Post by: CSX 4133 on March 25, 2019, 10:38:37 PM

I'm hoping a SAAC member ends up with this car, even better would be a SAAC member that is in close proximity to me. We can tag team at Vintage races.   ;)
Title: Re: '65 GT350 on BaT
Post by: GT350Lad on March 26, 2019, 05:23:21 AM
What a beast, I agree that it would be hard to transform it back, I just love the look of it
Title: Re: '65 GT350 on BaT
Post by: Bob Gaines on March 26, 2019, 11:59:55 AM
I is not uncommon for the better race shops to stich weld all of the seams where the chassis is put together to stiffen the chassis . Subframe connectors are typically frowned on in the different vintage venues. It is not something that was done back in the day however it is allowed as for as I know in the various vintage racing venues. In those case's removing the hundreds of stitch welds is very hard to do and takes hundreds of hours. Of course you would only want to do that if trying to convert back to concours vintage street trim or concours vintage competition trim.  I know of a Race Shelby that had that resto work done and talked to the restorer about the process . Saying it is a hard to do tedious job is a understatement .  I would be surprised if this particular Walt Hane prepared car doesn't have this stiffening done. Just wanted to inform in case someone had the idea of converting back to street trim.   
Title: Re: '65 GT350 on BaT
Post by: CharlesTurner on March 26, 2019, 01:37:17 PM
It would be a monumental task to convert back to street/original configuration.  Not to mention acquiring all the missing shelby-specific parts.  Anything is possible though.  Maybe acquire a 6 cyl fastback with a nice chassis and transfer all the parts from 471 to recreate the same race car.
Title: Re: '65 GT350 on BaT
Post by: davez on March 26, 2019, 08:04:10 PM
It says bill of sale. No title?
It depends on the state.  New York did not issue titles until 1973.  You get a Transferable Registration for pre-73 vehicles.

The ad doesn't say Transferable Registration. The car is in Virginia. We have Titles in Virginia. Registrations  in VA are for when you get it  tagged and insured.  I bought a car from NY and Virginia will issue a title based on some out of state registrations / pink slips etc. You can't get a title in Virginia if all you have is a Bill of Sale. It's probably important if there is other non listed paperwork stating ownership.
Title: Re: '65 GT350 on BaT
Post by: CharlesTurner on March 26, 2019, 11:24:47 PM
Quote from: davez on March 26, 2019, 08:04:10 PM
The ad doesn't say Transferable Registration. The car is in Virginia. We have Titles in Virginia. Registrations  in VA are for when you get it  tagged and insured.  I bought a car from NY and Virginia will issue a title based on some out of state registrations / pink slips etc. You can't get a title in Virginia if all you have is a Bill of Sale. It's probably important if there is other non listed paperwork stating ownership.

If the intention is to only track it, then bill of sale might work.  Being an original 65 Shelby car/chassis and quite valuable, it would stand to reason that a prospective buyer would want something more legitimate.  What's to say an original title from somewhere for this car surfaces and they lay claim to it.  Could be a legal nightmare.
Title: Re: '65 GT350 on BaT
Post by: QuickSilverShelby on March 27, 2019, 09:48:24 AM
How come the last two Shelby's on BAT have some sort of issue with Title (this car) or the vin (last 66 that was on BAT a few weeks ago).  It would seem that these little tidbits of provenance should be sorted out with explanations or documentation before they even hit BAT.

Is BAT becoming the place to try and wash clean a questionable history on a car?

This 65 is an awesome car, I wouldn't change a thing on it but when people start clamoring for a title or suggesting one could surface at some inopportune time, it would make me hesitate before bidding on a car.

QSS
Title: Re: '65 GT350 on BaT
Post by: SFM5S159 on March 27, 2019, 11:07:53 AM
I'm extremely interested in this because it's similar in many ways to my own car, #159.  It's a "weapons grade" race car as the guys in Sports Car Market call them.  Cars that are prepared exclusively for the track, or pure race cars. 

My thoughts are that cars like this should remain race cars.  It would take so much work and effort to "undo" what has been done that little originality would remain.  It would have been replaced and erased.  My own car was converted to a race car in the 70's by a well known racer in the Shelby world, Don Cummings.  It has far more history as a race car than a street car.  Why erase all of that?  Same with this car.  Its got a great look and I'm sure it performs well.  Is there a penalty on the value?  Of course.  I have no issue with that at all.  Its not a concours or original car.  I have no idea what that price penalty is, or what it should be.  I guess we'll see if it sell.   I don't worry too much about that title issue, as I have purchased cars from no-title states and simply presented the bill of sale in Ohio and I was issued a clear title.  This applies to pre-1973 or whatever it was for the particular state.   Yes, a thorough history needs to be established to make certain that a title doesn't pop up in another state, but that's shouldn't be that hard with ownership history and intact Ford VIN number on the aprons of the car. 

Related to this but maybe a separate topic is an analysis of how many '65's have been modified and made into track cars?  As I read through the new '65 registry and look at the pics it seems like a very high percentage of cars have some small tasteful mods.  I was going to do a causal count but didn't get around to it.  I'm guessing 20% maybe. 

Regardless this is very very cool car in my view.  And with the cost of restoration back to original specs, it would make more sense to go buy a "correct" '65 vs. converting a car this modified back. 

I'll be very interested to see where it closes.  I'm going to go out on a limb and say around $200k.

Mike C

Title: Re: '65 GT350 on BaT
Post by: sfm5s081 on April 01, 2019, 02:53:47 PM
No sale! Maybe not the best outlet for that car?
Title: Re: '65 GT350 on BaT
Post by: SFM5S159 on April 01, 2019, 03:10:02 PM
Yeah, maybe not the best venue I agree?  Seems like I saw a '66 GT350 prepared in a similar manner bring more money at one of the auctions in Monterey ?  It may have had period history.
This car looks well prepared to me.  I like it a lot.    Hope they get what they are asking. 

Mike C
Title: Re: '65 GT350 on BaT
Post by: terlingua11 on April 01, 2019, 06:19:18 PM
$156K is a long way away from the $289K listed on the buy it now site. The actual price is probably in the middle somewhere I would say-
Title: Re: '65 GT350 on BaT
Post by: SFM5S159 on April 02, 2019, 09:21:39 AM
Agreed, I didn't mean to suggest that I hope they get the $289k even though that's what I said !   ::)

To clarify, I hope they reach a selling price they are comfortable with!  Again, I'm thinking $200k range would be fair to me.  I am assuming the Ford VIN's are present on the fender aprons...

Mike C
Title: Re: '65 GT350 on BaT
Post by: wcampbell on April 03, 2019, 03:26:36 PM
So I'm in Virginia - actually in Gainesville, but never seen the car around. Having read this thread pertaining to potential lack of a title I have to say in recent years any cars without clear titles are getting harder and harder to legitimize in various states. I recently bought a car and one number was transposed on the seller's state title. I had to fight and argue that the car had all of it's serial numbers as well as a clear out-of-state title (albeit with one transposed number). In the end I had to go back to the originating state and ask them to correct and re-title BEFORE Virginia would even look at it. Even after all of that I had to file a special motion to have the car inspected by state law enforcement for "Fraud". It all was okay and worked out once they inspected the car up close, but I have to tell ya - any old raced cars missing a hint of a serial number or a non-clear title face less and less each day getting the car cleared by to normal titled/registration standards. Those days of resurrecting cars from the ground like happened alot in the 80's are gone.
Title: Re: '65 GT350 on BaT
Post by: CharlesTurner on April 03, 2019, 04:16:34 PM
Seems the additional value being added due to being an original 65 Shelby chassis cannot be fully realized unless the car is returned to a more legitimate version with a clear title.

While I certainly appreciate all the work that went into this car and who it was done by, the exact same overall experience can be attained by not starting out with a 65 Shelby chassis.  Maybe it was done primarily for historic racing reasons, but since this particular car had no vintage racing history, then I'm fuzzy on why it was so important to convert a real 65 Shelby to a race car?

Basically, the additional value over the same car, starting as a 6 cylinder fastback, is only 'potential' value of it's worth put back as a street version 65 GT350.
Title: Re: '65 GT350 on BaT
Post by: Dkutz on April 28, 2022, 02:17:23 PM
So this car is now posted on Hemmings and has been restored back to street form.  Wonder how accurate it is?

https://www.hemmings.com/classifieds/cars-for-sale/shelby/gt350/2575282.html

Title: Re: '65 GT350 on BaT
Post by: GT350Lad on April 28, 2022, 08:10:03 PM
Would love more pics on the Hemmings site but it looks ok from the limited pics. Any thoughts?
Any more details on the restoration?

Cheers
Title: Re: '65 GT350 on BaT
Post by: FL SAAC on April 28, 2022, 09:43:07 PM
A very succinct description of the vehicle :

VIN #: SFM5S471
Transmission: Manual
Condition: Excellent
Exterior: White with Blue Stripe
Interior: Black
Seller's Description:

1965 Shelby GT350 (SFM5S471) - just completed a concours restoration by Conover Racing & Restoration Inc. 

Price: $525,000
Title: Re: '65 GT350 on BaT
Post by: Bigfoot on April 28, 2022, 09:50:32 PM
Quote from: Dkutz on April 28, 2022, 02:17:23 PM
So this car is now posted on Hemmings and has been restored back to street form.  Wonder how accurate it is?

https://www.hemmings.com/classifieds/cars-for-sale/shelby/gt350/2575282.html

Seller is long time member of SAAC and one of the best restoration shops in the nation for early cars.  They will have done a beautiful and accurate restoration.
Title: Re: '65 GT350 on BaT
Post by: GT350Lad on April 29, 2022, 10:36:22 AM
Agree it looks pretty tidy . Big change