BaT Auction Success Story: My First Classic Shelby Mustang

This just in from Cerronenator, who bought this 1969 Shelby Mustang GT350 on BaT in June 2020.

My cousin–user Atomatom–introduced me to Bring a Trailer about two years ago, after purchasing two Porsche 911s on the platform. He explained how the website operated; it sounded like a ton of fun, so I registered. After learning how it operated, I started bidding and was hooked! I started with Shelby Cobras, Ferraris, Aston Martins and some classic Mustangs. I never owned a classic car before, but I  enjoyed being part of the action and reading the comments. Some were funny, but some were…harsh.

BaT Auction Success Story: My First Classic Shelby Mustang

I set my notifications for Shelby Cobras and started bidding under the tag Cerronenator. I was usually outbid well before the scheduled close of the auction. And we know the real fun happens in the last hour. But I was enjoying the action. For some reason I missed the introduction of a 1969 Shelby Cobra GT350 and only found the auction on the last day. I logged my usual lowball number and waited; I was outbid again. At this point the car was still under $20K so I was confident I could bid again. Instead of bidding in the usual $250 increments I decided to use a strategy that I have used in the past and made a big jump. So, I upped the ante $5,000. It took some time, but I was eventually outbid again. In the last hour, the Cobra was still way below market, so I made another big jump bringing the car up to what I thought was still an incredibly low price. I waited and waited. I closed the screen figuring I was going to be out bid. But for some reason I logged back in 5 minutes before the closing bell. Low and behold, I was still the high bidder. I didn’t panic. I remembered seeing guys jump in the last 20 seconds and steal the day. Or to find out the reserve had not been met. I had my finger on the send key ready to outbid the scoundrel that was going to steal this one away from me. Finally, I won the car. It didn’t sink in that I just bought a $57,000 car without talking to my wife, within a minute the broker was on the phone congratulating me. He told me the buyer had lifted the reserve off the car the last 20 minutes of the auction, even though they had a standing offer for more money.

BaT Auction Success Story: My First Classic Shelby Mustang

My wife called me irresponsible and reckless, claiming we had an understanding that neither one of us would spend anything more than $2,000 without speaking to the other. I claimed we agreed on $200,000. Anyway, it all worked out, we are still happily married, and she likes the Shelby.

BaT Auction Success Story: My First Classic Shelby Mustang

Like I said earlier I’ve never owned a classic car, I didn’t know the first thing to do but the broker was very helpful and turned out to be a friend of a friend. He guided me through the entire process. The owners of the vehicle were well-known Shelby Cobra guys and one of them has a popular video show about barn finds. Both were extremely helpful suggesting transporters and service companies.

BaT Auction Success Story: My First Classic Shelby Mustang

The broker and I emailed back and forth several times and talked on the phone about what I wanted to do to the car. I was worried about the depreciation. The best advice he offered was “enjoy the car and drive it!” One of the BaT comments was even better “drive it like you stole it because you just did!”

Thanks Cerronenator, we agree with the broker and the comments, drive it, love it, bring some bottled water and stop at the beach when you need to cool off. The buyer is also looking for the original bill of sale and window sticker, and notes that it’s number 377 in the Shelby registry. If you have any information, please leave it in the comments and we’ll get you in touch with the buyer. And thanks to patina_78 for listing it us!


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