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1965 FORD MUSTANG SHELBY GT350R IS EXPECTED TO FETCH $1.5 MILLION

The Original Price Was Just Under $6,200

1965 Ford Mustang Shelby GT350R Mecum Auction
Image via Mecum

Just in time for the road racing season to begin this 1965 Ford Mustang Shelby GT350R is getting ready to cross the auction block during Mecum’s Kissimmee auction.

It’s a story we’re all familiar with. Carroll Shelby turned the prissy pony car into a dominating SCCA production-based racecar, cementing the Mustang into automotive history almost immediately.

Serial No. 5R106 is just one of just 34 cars produced by Shelby, and it spent most of its competitive life tearing up Midwest SCCA National events at the hands of its first owner, Richard Jordan of Downers Grove, Illinois. At the time, Jordan was a veteran Corvette racer and had previously graduated from the Carroll Shelby School of High-Performance Driving at the now-defunct Riverside raceway in California. The car was originally ordered through Jack Loftus Ford in Hinsdale, Illinois. The total cost after tax was $6,188.

1965 Ford Mustang Shelby GT350R Auction Mecum
Image via Mecum

Built at Ford’s San Jose plant, Jordan’s Mustang 2+2 Fastback arrived at Shelby’s LAX shop days before Christmas in 1964, and six months later it wheeled out of the hangar as a competition-spec R-model. It sported a Shelby-tweaked 289 small-block V8 which kicked out a snarly 325 hp and shipped with an additional rear axle carrying 4.11:1 gearing.

Just 10 days after Jordan took delivery, 5R106 was entered in its first race at the storied Road America in Elkhart Lake, Wisconsin. It went on to race all over Illinois, Indiana, and Wisconsin for the next few years before Jordan began to wind down his racing career in the early ‘70s.

The 1965 Ford Mustang Shelby GT30R was then meticulously wrapped and placed into long-term storage, where it remained for years in near un-molested condition until it was sold in 1987. The car was given a full restoration and went on to win the Gold Award in the Competition Class at SAAC-18 at Watkins Glen in 1993. Several years later the car took the Second Place Popular Vote at SAAC-25 at Lime Rock Park.

1965 Ford Mustang Shelby GT350R Auction Mecum
Image via Mecum.

According to Mecum, 5R106 has been meticulously maintained over the years, and it still looks as it did the day it showed up to Road America in 1965. Over the years the 1965 Ford Mustang Shelby GT350R has even managed to retain the scratch in the door handle from when Jordan went off track and buzzed the outside wall at Elkhart Lake.

The car has 4,930 total miles and has retained the majority of its factory components, with only NOS components being used where required. 5R106 still sports its original plexiglass windows and Shelby R-Model magnesium wheels. The car as it sits is a proper turn key vintage racer, all it will take to go racing is a cool $1.5 million. Yes. $1.5 million.

1965 Ford Mustang Shelby GT350R Auction Mecum
Image via Mecum

Written by Manoli Katakis

Muscle Cars & Trucks was founded by Manoli Katakis - an automotive media veteran that has been covering the latest car news since 2009. His journalism has uncovered dozens of major product changes, updates, plans, and cancellations long before automakers were ready to make things official.

Some highlights over the years of his reporting include the uncovering of the Zora trademark before anybody else reported on the coming of a mid-engine Corvette, as well as the dead-accurate reporting of the coming of the Chevrolet Colorado ZR2, two years before it hit the market, and even before the debut of the concept vehicle. This type of reporting has immediately continued here, with reports of the original seventh-generation Camaro plans being shelved, as well as what's in store for the Chevrolet Silverado.

Some of his work can be found on massive automotive media outlets, such as Motor1. He also has been a guest on the 910AM Radio Station with Detroit News auto critic Henry Payne, as well as the enthusiast-oriented Camaro Show podcast.

Over the years, Manoli has interviewed various automotive industry titans, leaders, and people that make things happen otherwise. These include figureheads such as GM CEO Mary Barra, GM President Mark Reuss, automotive aftermarket icon Ken Lingenfelter, Dodge firebrand Tim Kuniskis, along with various chief engineers of vehicles such as the Ford F-150 & Mustang, Chevrolet Camaro & Corvette, and many more.

At MC&T, Manoli is taking his journalism expertise, deeply planted sources, driving abilities, and automotive industry knowledge to new levels, covering more vehicles and brands than ever before. This is the place where you will continue to read groundbreaking stories about American performance vehicles, pickup trucks, and sport utility vehicles. Here is where you’ll also read insights and quotes from various automotive subject matter experts on the latest relevant products, as well as some of the latest official news from their manufacturers.

Fun facts: he also once beat Corvette Racing driver Tommy Milner in an autocross with a Chevrolet Bolt EV. The biggest vehicle he’s ever driven is a John Deere mining truck. Besides a go-kart, the smallest vehicle he’s driven has been a Hyundai i10. He’s also spent time in the cockpit of various American performance vehicle icons, including the fifth-generation Chevrolet Camaro Z/28, Dodge Challenger Demon, and Ford Mustang GT350R. He has reviewed dozens of trucks, SUVs, and performance vehicles over the years.

One of his favorite new vehicles on the market today happens to be the Chevrolet Colorado ZR2 Bison. He is also a card carrying member of the Sports Car Club of America, and regularly participates in Detroit Region autocross events.

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