The 1966 Shelby Mustang GT350 sold for $117,501, and that’s strong money for a car with this pedigree and history.

This GT350 is a piece of American automotive lore, having been owned by the same individual for 41 years. It packs a rebuilt Boss 302ci engine, keeping the HiPo heads and four-barrel Holley carburetor intact. The manual four-speed transmission is a must-have for many purists, making it even more appealing. It’s a high-mileage car with 73,000 miles shown, but that’s not a deal breaker for many enthusiasts. The car was originally red and featured optional rear seats, which adds a touch of uniqueness to it. The 2025 restoration included a new paint job and partial reupholstery; however, there are mixed reviews on the quality of that paint. Modifications and restoration quality can be a double-edged sword in classic cars, drawing both interest and scrutiny.

The bidding hit 27 rounds, which shows solid interest, although the final sale price came in just below the fair value estimate of $118,100. Selling for $117,501 means this Mustang went for about 1% under that estimate. Given the car's history, specifications, and the heated bidding, this price is fair, but it could also be seen as a good deal for the buyer. The community certainly had their opinions, with one commenter noting, "That was a great deal!! Solid GT350 for under 150K."

For buyers on the hunt for a similar piece, the practical takeaway here is to scrutinize restoration quality. Look for detailed documentation and photos from the restoration process, especially if paint work is involved. Even a well-known model like the GT350 can be affected by subpar restorations, so due diligence is key.

See all Ford Mustang 1964.5-1966 listings on [Friday's Watchlist](https://fridayswatchlist.com/search?make=Ford&model=Mustang%201964.5-1966).