A concours-condition example of a 1991 Dodge Viper RT/10 or 2005 Ford GT should set you back somewhere between $115,000 and $350,000 in today’s market. That’s the Hagerty #1 condition valuation range currently covering used examples of these vehicles. Those were the two passion projects that preceded the car you see here, the Ford Shelby Cobra Concept, in lifelong engineer and perennial MotorTrend Car of the Year guest judge Chris Theodore’s storied career.
Sadly, the reborn Shelby Cobra never made production, so this is the only example in existence. How do you put a value on a one-of-one concept/prototype both developed with and driven by a legend? It’s scheduled to be auctioned during this year’s Monterey Car Week, and someone’s going to pay way more than the above sums to get it.
As we mentioned in our first report of the impending auction, the Ford Shelby Cobra Concept, known as “Project Daisy” at the time, was conceived as a way to leverage much of the bespoke engineering and capital costs Ford sunk into the all-aluminum GT. It also offered the Blue Oval the chance to more directly compete with the Dodge Viper, as well as high-end versions of the Chevy Corvette. Thus, to shorten its potential time to production, the Shelby Cobra Concept was engineered and developed to a level not seen in concept cars since the 1960s. For the full story, check out this article from Motor Trend.