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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Shifty Estimate
$945,000
Medium confidence · $783K to $1.09M
Median · 12 mo
$792,500
Sales · 12 mo
7
Market cap
$618M · 654 built
Original MSRP
$5,995Up 15663% since new

The market

Every recorded 1962 Shelby Cobra 289 sale, by date and price
Sep 2026 · Bring a Trailer
$791,000 · 33,000 mi · Blue with white stripes
See this car
$250k$500k$750k$1.00MJan 20182020202120222023202420252026SHIFTY ESTIMATE $945k
Sold Bid to, not sold
21 sales · 1 unsoldmedian $793kupdated Sep 2026

Community

Latest results

The newest 1962 Shelby Cobra 289 sales with photographs
1962 Shelby Cobra 289, sold Jan 2026

Sold $746,878

€623,750
1964 · Wimbledon White
Jan 28, 2026 · RM Sotheby's
Euro-zone sales ran 5% below US sales for the same models over 3 years.
1962 Shelby Cobra 289, sold Jan 2026

Sold $746,878

€623,750
1964 · Wimbledon White
Jan 28, 2026 · RM Sotheby's
Euro-zone sales ran 5% below US sales for the same models over 3 years.
Other Cobra generations

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.

Sales and listings

Showing 20 of 25 on file

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