How much is a Shelby GT500 Super Snake worth?
That depends – on which one you are talking about. Shelby American in Las Vegas has been making them since 2007, although the name goes back to 1966.
The question of a Super Snake’s value became top of mind for a lot of folks after seeing the movie “Getaway” in which the car is featured.
The movie car, a 2013 model, has an MSRP of about $94,195. This number is calculated by taking, as Shelby American does, a 2013-2014 Shelby GT 500 Mustang that costs $54,200 and adding a $39,995 “Super Snake” hop-up package to it. Super Snaking the GT500 results in an increase of the donor car’s 662 horsepower to another 188 – for a total of 850.
The price has gone up a bit since the Super Snake was reborn in 2007. Back then, the Shelby GT500 donor car cost about $42,000 and the Super Snake upgrade was $36,500.
The price has escalated in increments of a few thousand each year since.
The Super Snake is supposed to be a limited edition car. But what “limited edition” means is not precisely spelled out by Shelby American. The number might be between 50 and 100, or it might not.
In 2012, Shelby American announced it would make 100 “50th Anniversary” Super Snakes, celebrating 50 years of the car company started by the late Carroll Shelby. Those were touted as “future collectibles”, but it is still a little early to tell where the values of those might go. But at a Barrett-Jackson auction in 2012, one of two prototype versions of the car sold for $209,000. The other prototype is retained by Shelby’s collection.
That is far from the highest price ever paid for a Super Snake Mustang. That distinction goes to a one-of-a-kind 1967 Shelby GT500 “Super Snake” (the only SS Mustang built prior to 2007) that set several land speed records.
The sales price at a Mecum auction in May 2013 was a whopping $1.3 million.
But wait, there’s more! Super Snakes haven’t always been Mustangs. Shelby built two 800-horsepower Cobras in 1966 for his own personal use – and dubbed them the “Super Snakes”. One of them is no longer in existence.
But one remains, and in 2007, Shelby auctioned that one off at a Barrett-Jackson sale; it brought $5.5 million!
It might be worth considerably more than that today.
Owners of modern-day Super Snakes are hoping when it comes to value, that kind of lightning strikes more than once.
September 2, 2013