Barn-find Ferrari 275 and Cobra could be worth $4m!

After 26 years in storage, a Ferrari 275 GTB and Shelby 427 Cobra found together will feature at the Amelia Island Gooding & Co auction in March

A 1966 Ferrari 275 GTB and a 1967 Shelby 427 Cobra found hidden in a garage after 25 years could fetch over $4million at Amelia Island, Florida in March.

In 1991 both the long-nose alloy 275 GTB and the Cobra were stored in a then-new garage and left undisturbed until earlier this year. Gooding & Company will now sell the two cars, found untouched in North Carolina after more than a quarter-of-a-century, on March 9, 2018.

Only 205 Ferrari 275s were built in the long-nose body style of which just 80 were lightweight aluminium variants. This car, chassis 08125, was sold new in Italy before being exported to the United States in the early 1970s. Its current owner took delivery in 1985 before storing it six years later.

Following its discovery, the car’s 3.3-litre V12 is again running and is estimated to sell for between $2.5million and $3.25million. It is listed as dusty but otherwise well preserved.

Also found in the same garage was one of only 260 Shelby 427 Cobra street roadsters. Chassis CSX3278 was purchased by the current owner in the spring of 1980. Still carrying its original red over black colour scheme, it will be sold with just 19,000 miles on the clock.

The Cobra has retained its proper wooden steering wheel and correct Peter Brock-designed 'Sunburst' wheels, which are shod in the period-correct Goodyear Wingfoot tires. Gooding & Company says that the Ford big-block engine recently fired back to life with limited mechanical sorting. It is forecast to sell for up to $1.3million.

President and founder of Gooding & Company, David Gooding said: ‘We are honoured to present these significant collector cars to the world after decades in hiding.’

‘To discover either one of these cars would be unbelievable, but to find both, incredibly well-preserved and untouched in one garage, truly excites me as an enthusiast.’

This has been quite a year already for 'discovered' cars, with the Bullitt Steve McQueen Mustang also back in the public eye after nearly four decades.

Barn-find picture copyright and courtesy of Hagerty. Photo by Jordan Lewis. Individual car pictures copyright and courtesy of Gooding & Company. Photos by Mathieu Heurtault

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