1967 Shelby GT500 earns highest hammer price at GAA sale

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Auctioneer on the block assisting in sale of Corvette | GAA Classic Cars photos

On the final day of the GAA Classic Cars sale at Greensboro, South Carolina, a restored 1967 Shelby GT500 brought the highest hammer price  of the sale — $122,500.

GAA Classic Cars reported a 65 percent sell-through rate for the three-day auction but did not report an overall sales total.

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Custom truck on the GAA block

According to the catalog, the Shelby was well documented and the sale included photos of the restoration as well as a Shelby American Automobile Club Registry report and a Marti Report.

One other car also sold for six figures — a 1961 Mercedes-Benz 190SL went for $110,000. The Mercedes has also been restored and was sold with a factory hard top.

Also on the docket were cars from the collection of George Shinn, former National Basketball Association team owner. The top sale in his collection was a 1957 Chevrolet resto-mod for $66,000.

The top 10 sales, GAA Classic Cars July auction

  1. 1967 Shelby GT500, $122,500
  2. 1961 Mercedes-Benz 190SL, $110,000
  3. 1968 Shelby GT500 KR, $98,000
  4. 1958 Chevrolet Impala, $92,500
  5. 1969 Chevrolet Camaro, $86,000
  6. 1957 Chevrolet Convertible, $82,500
  7. 1970 Plymouth ‘Cuda, $75,000
  8. 2006 Superformance Shelby Cobra, $70,000
  9. 1970 Plymouth ‘Cuda, $70,000

(Hammer prices reported.)

GAA Classic Cars expects to offer 550 vehicles at its next auction, October 27-29.

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