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'Little Red' 1967 Ford Mustang Shelby GT500 found after 50 years, could be worth millions
Fox News ^ | 18 Aug 18 | By Gary Gastelu

Posted on 08/18/2018 5:08:24 AM PDT by SkyPilot

Seek and ye shall find. Eventually.

A legendary Ford Mustang that many thought was destroyed 50 years ago has been discovered rotting away in a Texas field. And it could be worth millions.

Affectionately called Little Red, the 1967 model was an experimental car that Ford loaned to Carrol Shelby to use as a test bed for the development of performance parts. Little Red and a later car, unofficially known as the Green Hornet, were the only two Shelby GT 500 notchback coupes of their era, each sporting a snazzy vinyl roof.

Shelby’s crew tinkered with the cars, trying out different body parts, engines and transmissions. Little Red was primarily configured with a supercharged 428 V8 and 3-speed automatic transmission, while the Green Hornet was fitted with a prototype independent rear suspension that never made it into production, but remains on the car today.

Little Red made an appearance at a Ford preview event in Los Angeles, where it inspired the creation of the first California Special Mustang, which aped its styling, if not performance. Shelby eventually sent the cars back to Ford for a date with the crusher, as was standard practice for prototype cars, but they both stood it up.

The Green Hornet showed up at a Ford employee auction in 1971 and was resold several times until it ended up in the garage of Barrett-Jackson Auction House CEO, Craig Jackson, about 15 years ago. Little Red just disappeared.

A half-century of failed attempts to find it seemed to back up the prevailing view that it had been crushed. But like any good mystery, all that was missing was the right key to unlock it. Then Jackson got his hands on it.

(Excerpt) Read more at foxnews.com ...


TOPICS:
KEYWORDS: cars; classiccar; ford; mustang
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To: SkyPilot

I looked at a green factory big block GTCS in Weatherford about 30 yrs ago and passed on it due to the large amount of rust. I wonder if this is the same guy? Maybe I should have wandered around more....


21 posted on 08/18/2018 6:00:06 AM PDT by Clay Moore (He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people)
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To: SkyPilot
"Little Red was primarily configured with a supercharged 428 V8 and 3-speed automatic transmission"

The article goes on to note dual fuel pumps and that denotes the possibly pf Dual Paxton Superchargers. may have been fitted at one point. That isn't out of the question as Shelby did just that to 2 Cobra's, one for himself and the other for Bill Cosby. The Carol Shelby personally owned Twin Paxton Supercharger Cobra one was sold a few years ago, and the Cosby one was destroyed after he sold it(driver committed suicide in it) and someone is or has resurrected that wreck and it is not looked upon favorably within the Shelby community, or so I read.

22 posted on 08/18/2018 6:01:43 AM PDT by taildragger ("Do you hear the people Singing? Singing the Song of Angry Men!")
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To: SkyPilot
And it could be worth millions.

I'd guess the owner of that piece of junk would gladly take even just one million, maybe one thousand.

23 posted on 08/18/2018 6:02:38 AM PDT by libertylover (Trump has driven the Democrats and GOPe batshit crazy.)
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To: Moonman62

Amen! I suppose the same applies to all hoarders.


24 posted on 08/18/2018 6:03:50 AM PDT by softengine
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To: SkyPilot

You car guys are missing out on probably the best classic car show on the planet today. The Woodard Dream Cruise, 10 miles of classic cars............


25 posted on 08/18/2018 6:04:25 AM PDT by Hot Tabasco (I once found a needle in a haystack but it wasn't the one I was looking for...)
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To: SkyPilot

“Needs minor repair”


26 posted on 08/18/2018 6:06:47 AM PDT by meyer (WWG1WGA, MAGA!)
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To: SkyPilot
Meh.

Still a damned Ford.

27 posted on 08/18/2018 6:14:02 AM PDT by OldSmaj
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To: Wyrd bið ful aræd

“That 89 Firebird growls and rumbles and smells like gas and you can work on it.”

Makes me wonder what good cars made after 1990 will be when the computers fail and there are no more spares. Electronics are only good for around 20 years before they become problematic.


28 posted on 08/18/2018 6:14:06 AM PDT by bk1000 (I stand with Trump)
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To: softengine

Hoarders have a strange way of seeing the world.


29 posted on 08/18/2018 6:14:54 AM PDT by wally_bert (Terrific! Terrific? Harve Nyquist never ordered any radials.)
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To: SkyPilot

OTherwise, it’s worth $150-300 scrap.


30 posted on 08/18/2018 6:16:34 AM PDT by Leep
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To: SkyPilot

If they made that car today, it would sell.


31 posted on 08/18/2018 6:16:46 AM PDT by Bringbackthedraft (What is earned is treasured, what is free is worth what you paid for it.)
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To: Balding_Eagle

Seems perfectly fitting to me, spot on actually. The example of the Mustang rotting away and people are clamoring for it thinking $millions when their treasures should be in heaven instead. Take heed.


32 posted on 08/18/2018 6:22:13 AM PDT by Blue Highway
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To: taildragger

Why isn’t the resto of the wrecked Shelby looked on as favorable? Is it the Cosby connection, or that someone committed suicide in it?


33 posted on 08/18/2018 6:26:20 AM PDT by Blue Highway
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To: SkyPilot

My first car was a ‘67 Mustang Fastback, 289, fold-down rear seat in burgundy red - a great car for a high screwel senior. The girls loved it...but eventually it turned into a total piece of unreliable junk and the last US car I ever bought.

Eventually, I drove it to LA and traded it for a VW Bug at Bob Smith’s Hollywood VW/Porsche that had a brand new 911 with a $5000 sticker price on the showroom floor.


34 posted on 08/18/2018 6:27:12 AM PDT by newfreep ("INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" @HOROWITZ39, DAVID HOROWITZ)
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To: newfreep

You went form a Mustang to VW bug? Wow.


35 posted on 08/18/2018 6:28:33 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: newfreep

Did the bug attract the chicks as well as the mustang did?


36 posted on 08/18/2018 6:30:43 AM PDT by tuffydoodle (God's character and moral nature are absolute, eternal, and unchanging.)
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To: bk1000

I have an iPhone 3GS from 2009. It was the first iPhone with 32 gigs of memory. Still works but when I recently took it to apple to replace the battery and some minor cosmetic repair they wouldn’t touch it. It is classified as “vintage” in their mind so I had to find a third party repairer to do anything with it. A 9 year old iPhone is considered vintage.


37 posted on 08/18/2018 6:32:05 AM PDT by xp38
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To: newfreep

The mustang was a falcon with different body parts.


38 posted on 08/18/2018 6:37:55 AM PDT by bankwalker (Immigration without assimilation is an invasion.)
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To: SkyPilot; Gamecock; SaveFerris; FredZarguna; PROCON; Army Air Corps; KC_Lion
"A lot of those scratches will buff right out."


39 posted on 08/18/2018 6:38:51 AM PDT by Larry Lucido
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To: bankwalker
Falcons are cool.


40 posted on 08/18/2018 6:41:19 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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