GT 350SR Natural progression or scam

[SCOBRAC]

I see the old grouch is lending his name to constructing GT-350's out of 1966 fastbacks. The price tag is between 93k-95k. Now I had a 1967 GTA, I loved it. But this car with tax and fees here in California will set you back $105,000. What do you think about this? Is a former 6 cylinder stang worth squandering $10k on much less 105k?

Which brings me to another matter. If memory serves me the last auction I saw for a 1968 GT-500 with a 428 was around $76k. These were splendid cars but generally overweight, underpowered and somewhat of a disaster as far as the interior styling is concerned. 0-60 in 6 sec. is ok but these cars top out at 117 mph in 4th. They were slower than a 302 just based on a 5600 redline verses a 6500 rpm.

Are these cars worth this kind of money or is the baby boom generation losing it's collective mind? I know it's worth what you are willing to pay but is it really?

[SCOBRAC]

www.uniqueperformance.com/

[SCOBRAC]

http://www.barrett-jackson.com/event....asp?id=176042

[Ron61]

SCOBRAC,

My understanding of the GT-350SR was that it was a continuation Mustang. Based on what happened to the continuation Cobras and that Calif. was the only state that would not allow you to register them, is this going to be a repeat of that farce?

Ron

[mrmustang]

Read the new book "How to create your own market" Something about the details of the Elanor(sp)( to protect me from copyright issues) that sold at B.J. last year, only to wind up back on the showroom floor (same car, same serial number) two weeks later with the for sale sign back in the window..........Will we see this happen with the new GT350R, when an original can be had with an asking price of 250K..........


Bill S.

[Bud Man]

I just can't warm up to these restor-rod, regurgitated classics built on 35 year old donors.

Having said that, I AM anxiously awaiting the 2005 Ford Mustang. From what I can see, the production car, while not as clean as the show car, still looks pretty nice. Retro, but still nice.

A Shelby GT500 series based on this new model would be killer and will probably be priced closer to the $35,000 mark.

Bud

[REAL 1]

I like the GT350SR. Price is a little high for my taste but I like the car. At $50K to $60K I might take a look.

[Maricopa]

Still about the best looking piece of iron to ever roll out of Detroit. Lee Iaccoca and CS deserve a place in Valhalla for the creating Mustang/GT-350.

That said, you could build a duplicate of the 'new' 350R for $20-35,000

Mike

[Russ Dickey]

You said it Mike. You can build your own for a lot less.

I'm a Shelby supporter, but I didn't like the Eleanor's, and I don't like these new 350R's. I personally feel that there are simply not enough Mustang fastbacks around to be doing this to them...unless they are resurrecting them all from junkyards (which you know they aren't).

I sometimes question whether or not some of these project ideas are Shelby's, or some aftermarket company who has convinced him to do this, so that they can all try and profit from the Shelby name. No sir, I don't like it. I don't like it a bit.

Now if Shelby starts manufacturing all NEW vintage-style Mustangs, without using originals as donor cars, then that could be a different story.

Russ

[John McMahon]

...to me, I see it as another way for Sanderson and Shelby to build authentic reproductions of the original. A very nice knockoff, but there is nothing original about it.

For someone to 'speculate' on the GT350SR's value, expecting it to appreciate, well, time will tell.

But I find it ludicrous that these SRs and Eleanor clones can reap more dinero than the original cars built by Shelby in the 60s.

Also, from a hobbyist perspective, it has driven the price of a decent 1st gen Mustang roller THROUGH THE ROOF!!!!! Try to locate a decent rust free roller for under $8K....near impossible.

[maxrpm]

Originally posted by Russ Dickey


Now if Shelby starts manufacturing all NEW vintage-style Mustangs, without using originals as donor cars, then that could be a different story.

Russ

AMEN TO THAT!

[PGreenSVT]

I think the 140K price for the GT350SR at BJ was ridiculous. As stated you could build one yourself for 35K. But I disagree with SCOBRAC on the GT500. There is no way a 302 is close. I had a 67 GT500 and a 68 GT390. In stock for the GT500 ran high 12's and with a few simple bolt ons low 11's. In 69 and 70 the 302's weren't even close.

[TERRY M KRYSTOFIAK]

IV'E OWNED AFEW SHELBY'S. TWO CSX2000'S, TWO '67 GT500'S,
ONE '69 GT350, AND CURRENTY A NUMBER MATCHING '66 GT350. AS I SAT AND WATCHED THE CARS GO THROUGH I NEED TO RE-EVALUATE MY THINKING. THE 350SR @ 140 PLUS 10% IS LIKE A CSX4000 & 7000 SERIES SELLING FOR TWICE THAT OF A CSX2000 OR 3000. THE GT500 @ 260K PLUS WAS UNDERSTANDABLE....LOT OF MONEY AND NO KNOWLEDGE. SINCE I SOLD MY LAST '67 FOR 85K ALITTLE OVER A YEAR AGO, I NOW HAVE MY "FRIENDS AND WIFE" QUESTIONING "MY STUPIDITY." THE REAL FACTS FOR LAST YEARS SALE OF THE ELENORE CAR, AND POSSIBLY THIS YEARS GT350SR ARE SIMPLE. YOU GET WORLD WIDE EXPOSURE, SPENT 10% TO BID ON YOUR OWN CAR, CAN DOCUMENT THE SALE BY A REPUTABLR AUCTION, ALL FOR FOR 1O%....THE TV EXPOSURE ALONE IS WORTH MORE.

[clayfoushee]

Although I think the B-J prices for many of the clones of all makes and models were ridiculous, I don't see anything wrong with building them from nice, mostly rust-free 60's cars. The Chevy guys have been doing quite well in the market with such cars for years, and there is an especially good market now. I made a nice small profit on a '69 SS-350 Camaro convertible stock resto., I bought from a guy locally and finished it off.

As long as it's not mis-represented as something it isn't, the demand appears to be there these days, and it's nice way to keep some part of history alive. It funny, but often, it's the "coming of age" generation that develops a passion for the great muscle cars of my teenage generation.

[Nedsel]

Terry K has it right: these cars aren't being sold - they're being shilled. The parent company is buying them back, attempting to make people think the market for the "Eleanor" and these GT350ST Mustangs is somewhere in the stratosphere. Horse-pucky! The real bidders dropped out below $50k and no one could possibly believe these replicas were really worth more than the real '60's Shelby products.

[clayfoushee]

Ned....I don't disagree. I think those B-J prices are absurd, and it is especially despicable if the practices you describe are occurring. I do like the concept though, and I think these clones are a nice way to keep history alive if not misrepresented and sold for a reasonable price.

I personally would be in the market for a quality GT350SR clone at a reasonable price (say about the same as a fully-loaded new 05 Mustang GT). For the same reasons I love my Cobra replica, I love the look. I would love it as a much more practical almost daily driver, that I could afford to endure road rash and possible damage or loss.

[John McMahon]

Originally posted by nedsel

Terry K has it right: these cars aren't being sold - they're being shilled. The parent company is buying them back, attempting to make people think the market for the "Eleanor" and these GT350ST Mustangs is somewhere in the stratosphere. Horse-pucky! The real bidders dropped out below $50k and no one could possibly believe these replicas were really worth more than the real '60's Shelby products.

I never even considered that aspect before Ned & Terry, good point. For me, I figured the SR would go for 50K, maybe 60K...but that was not only rediculous, but I feel insulting to all those folks that oen period correct, genuine GT350s.

As I learn more and more about these falsely inflated prices, it pisses me off more and more.

It used to be about the love of the car, now its all about da bling-bling.

[computerworks]

Natural progression or scam?

..I would say somewhere in the middle.

Yes, last year's Eleanor was shilled at the auction, and I have no doubt the same was true this year on the 350SR.

Take two steps back...what are these cars?

They are very nice rotissere restorations of 66-67 Mustangs, dressed up to look somewhat like an original GT350R and the movie car, respectively. They are commissioned and built by an independant marketing company that has sought and obtained a royalty-based endorsement by CS, Inc.

This is key: these cars have never seen a facility owned by CS, Inc., nor have they been touched by any employee of any company owned by CS, Inc. They are not sold thru the SA dealer network.

So, they are a continuation of what?

At least the CSX4000, 7000 and 8000 cars are connected to the family tree, as replicas made by the same corporate namesake of the company that made the real things 40 years ago.

These new cars from Sanderson aren't even in-laws or distant cousins; they are specialty cars that pay tribute ( and royalties by license ) to cars of days gone by.

As I have said many times before, if SAAC recognizes and registers these cars, they will have hopelessly diluted the validity of the Registry process. They might as well add sections for the motorcyles, guitars and cans of popcorn, if endorsed products qualify for registration.

These are pretty cars. (well, at least the 350SR is pretty...the Eleanor is a visual nightmare). Their target market is apparently rock stars and neo-buffs.... but to me, they are not part of the family.

[John McMahon]

Originally posted by computerworks

They might as well add sections for the motorcyles, guitars and cans of popcorn, if endorsed products qualify for registration.

....you forgot CHILI...lots and lots of chili.

[computerworks]

...left out the Chili on purpose....the bags are not serialized.