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The twisted tale of America's most valuable racecar

 


The Shelby Cobra Daytona Coupe that won the 1965 world sports car championship nearly didn't get built. Immediately after its racing career was over it was nearly dumped at sea to avoid paying taxes. And wait until you get to the rest of the story...

 

By Larry Edsall
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What may be the most valuable of all American racing cars almost didn't get built.

"It looks fairly contemporary now," said Peter Brock, who designed the Shelby Cobra Daytona Coupe for the 1964 racing season. "But when I first showed my sketches [to the Shelby American racing team], they thought it was so ugly they refused to work on it."

Fortunately for Brock, for Shelby American, and for American racing period, the team's newest crew member, John Ohlsen, a New Zealander who had only recently arrived in southern California, joined Brock and driver and early-believer Ken Miles in working on the car, a car would make its maiden run by setting a track record at Riverside, a car that finished fourth overall - and ahead of all the Ferraris GTOs - in the 1964 24-hour race at Le Mans, a car that in 1965 would bring the world sports car racing championship to the United States.

The car that won that championship - a championship clinched on the Fourth of July in Reims, France - was 1965 Shelby Cobra Daytona Coupe (serial number CSX2601), which will be offered for sale in mid-May at the 22nd annual Dana Mecum Original Spring Classic Auction at the Indiana State Fairgrounds. In March, the car began something of a victory lap when it was reunited with driver Bob Bondurant, who drove or co-drove the car to all five of its GT-class victories during the 1965 season.

From its laps around the track at Bondurant's School of High-Performance driving just south of Phoenix, the car headed to the concours d'elegance at Amelia Island, Florida, and then on to Sebring for 12-hour race festivities.

While Brock designed the car with its remarkable 0.29 coefficient of drag -- such slick aerodynamics that Bondurant and co-driver Dan Gurney could reach 197 miles per hour on the Mulsanne Straight at Le Mans -- he said at the reunion that he'd actually appropriated the car's shape from designs done by a German teenager in the late 1930s.

Brock, himself just a few years beyond his teens, had seen drawings done in Germany in 1938 and 1939 by Baron Reinhold Koenig-Faschenfeld, who was studying under famed aerodynamicist Wunibald Kamm. Kamm got credit for the cropped "Kammback" tail because, said Brock, Koenig-Faschenfeld's name was so long and Kamm's was nice and short, plus Kamm was the professor and Koenig-Faschenfeld was still a student.

Amazingly, Brock added, Koenig-Faschenfeld was working on designs not for cars at all, but for buses and trucks that would travel on Germany's then-new autobahns.

Shelby team chief engineer Phil Remington eventually devised the rear lip spoiler that helped stabilize the car and the rest, as they say, is history.

Well, not quite. Brock and Bondurant told how the Daytona Coupes -- there were six of them -- had become obsolete as racers at the end of the 1965 season and were being housed at a race shop in England when British tax officials came to collect duties. To the racers, said Brock, "the cars had no value," and neither Shelby American nor British racer Alan Mann wanted to pay taxes or pay to have the cars shipped back to the United States. Mann finally found someone with a barge who was willing to take a British tax official aboard to verify the cars had been dumped in the sea.

Rather than left the cars that had done so much for American racing go to such a fate, the Shelby team finally paid to have them shipped back to the United States, where they were sold for as little as $800 each. While they no longer were eligible for any racing classes, they could be licensed and driven on the street.

After returning to the U.S. CSX2601 appeared in the movie Red Line 7000. Early in 1968, Bondurant bought CSX2601 for $4,000. He sold it later that year for $10,000 - "I thought I'd made a killing," he said - using the money to start his school of high-performance driving.

Bondurant sold the car to a man from North Dakota who owned six gas stations spread over 300 miles.

"He used the car to pick up the gas receipts every day," Dana Mecum noted.

And now, Mecum added, a car so little valued that it nearly was dumped into the sea, a car that at one time was bought and sold for a few thousand dollars, a car that was used to fetch gas station receipts, is expected to bring bids in May in excess of $10 million.


 



 

 

 

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