Shelby GT350 Makes $137,500 at Barrett-Jackson Auction

A 2011 Shelby GT350 sold for $137,500 during the 8th Annual Barrett-Jackson Auction in West Palm Beach, Florida, on April 3, 2010. Shelby American, a wholly owned subsidiary of Carroll Shelby International Inc. (Pink Sheets:CSBI), auctioned the #350 Shelby GT350 at No Reserve at the Barrett-Jackson event.

“The 2011 GT350 is an amazing car with performance worthy of the Shelby name,” said John Luft, president of Shelby American. “Because it’s such a limited production vehicle, the new GT350 has already attracted the attention of collectors, as well as serious enthusiasts. They recognize both the performance capabilities and rare opportunity to own one of the most desirable cars in the world.”

The 2011 Shelby GT350 was introduced at Barrett-Jackson earlier this year and the winning bidder will receive the serial number 350. Because 2011 Ford Mustang GT production began about the same time as the auction, Shelby American sold the rights to the serial number 350 car. The Shelby will be built in Las Vegas when the base Mustang becomes available. In addition, Carroll plans to personally drive the car before it is delivered to the lucky bidder at the Shelby American factory.

The Shelby GT350 is a post title program based on the new Ford Mustang GT. A customer purchases a car from a local Ford dealer, which is turned into a GT350 by the Shelby American Team. A limited number will be built in the 2011 model year. A Ford Mustang GT can be dropped shipped by a Ford dealer to Shelby’s Las Vegas facility for conversion or a customer can arrange to have a properly specified car transported to the factory. Only a small run of the cars is scheduled to be completed. Customers interested in a GT350 should contact Roger Sorel at (702) 942-7325 or log onto www.gt350.shelbyamerican.com.

About Shelby American, Inc. and Carroll Shelby Licensing

Founded by legend Carroll Shelby, Shelby American Inc., (www.shelbyamerican.com) manufactures and markets performance vehicles and related products. Shelby American is a division of Carroll Shelby International Inc. (CSBI.PK). Carroll Shelby Licensing Inc., also a wholly owned division, is the exclusive holder of Carroll Shelby’s trademarks and vehicle design rights. It also holds trademark rights for Shelby-branded apparel, accessories and collectibles. Information is at www.carrollshelbyinternational.com

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