
Shelby Cobra 289
1962 to 1965 · Roadster · Limited edition · 654 built
A 1962 Shelby Cobra 289 cost $5,995 new. Over the past 12 months, 7 have sold publicly at a median of $792,500. The Shifty Estimate for a well-kept example is $945,000. Across the sales we have on file, prices ran from $53,250 to $1,402,500, depending on mileage, color, and history.
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- Median · 12 mo
- $792,500
- Sales · 12 mo
- 7
- Market cap
- $618M · 654 built
- Original MSRP
- $5,995Up 15663% since new
The market
Community
Latest results


Sold $746,878

Sold $746,878

Sold $1,017,000

Sold $1,017,000

Sold $196,000
- 427
- AC-Shelby
Specifications
- Engine
- Naturally Aspirated V8, 4.7L
- Power
- 271 hp
- Torque
- 314 lb-ft
- 0 to 60
- 5.5 s
- Top speed
- 138 mph
- Transmission
- Manual
- Drivetrain
- RWD
- Curb weight
- 1,040 lb
- Production
- 654 built
- Original MSRP
- $5,995
- Designer
- Carroll Shelby
Common questions
How much does a Shelby Cobra 289 cost?
A 1962 Shelby Cobra 289 cost $5,995 new. Over the past 12 months, 7 have sold publicly at a median of $792,500. The Shifty Estimate for a well-kept example is $945,000. Across the sales we have on file, prices ran from $53,250 to $1,402,500, depending on mileage, color, and history.
What is a 1962 Shelby Cobra 289 worth today?
The Shifty Estimate is $945,000. That sits above the $792,500 median of actual sales because the median counts every car that sold, including high-mileage examples, while the estimate describes a clean, low-mileage one bought today. We rate confidence medium: 7 public sales in a year is a thin market, and the spread between them is wide.
Is a Shelby Cobra 289 a good investment?
It has appreciated 15663% against its $5,995 list price. Only 654 were built. The caution is spread, not direction: across the sales we have on file, prices ran from $53,250 to $1,402,500, and mileage explains most of that.
How many Shelby Cobra 289 have sold?
Shifty has 24 public sales of the Shelby Cobra 289 on file. The earliest was on Jan 5, 2018.
What is the most expensive Shelby Cobra 289 sold?
The highest public sale on file is $1,402,500.
What has a Shelby Cobra 289 sold for at auction?
The 3 most recent public sales we have on file:
- $791,000Sep 24, 2026Blue with white stripes · 33,000 mi
- $967,500Mar 5, 2026
- $792,500Jan 29, 2026
About the 1962 Shelby Cobra 289
The 289 Cobra launched Carroll Shelby's legend, combining Ford's small-block V8 with AC's nimble Ace chassis. While less powerful than later 427s, the 289's 271 hp provided exceptional balance and handling that many consider superior to its big-block siblings. Production of 654 units over three years makes 289s more attainable than 427s, though still highly coveted. The original $5,995 price point positioned it as an affordable giant-killer, capable of embarrassing European exotics. Early examples featured the coveted 260ci engine before Ford's 289 became standard. Racing success in SCCA and international competition established the Cobra's reputation for giant-killing performance. Today's collectors appreciate the 289's more manageable character, quick enough to thrill without the 427's intimidating power delivery. Values have appreciated steadily, with early small-block cars commanding six-figure sums. The 289 represents the purest expression of Shelby's original concept.
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