Prices for completed Factory Fives are impressive, and prices for original Cobras, both 289s and 427s, continue to sky rocket. According to the 2014 Winter-Spring edition of Keith Martin’s Sports Car Market, here are some current values:
1963-1965 Cobra 289 (580 cars made): $675,000 – $875,000
1965-1967 Cobra 427 (314 cars made): $850,000 – $1,050,000
1966 Cobra 427 S/C (29 cars made): $1, 500,000 – $1,900,000
The prices of the original cars continue to increase making driving them even more rare. This, among many reasons, explains the popularity of Factory Fives. A handful of Factory Fives crossed the block at this year’s Barrett Jackson auction in Scottsdale, AZ. Here are some results.
Factory Five Mk3 Roadster – Lot #496 – Sold for $55,000. Powered by a 347 stroker, TKO 5-speed transmission, IRS, Baer Brakes, and killer paint job by Jeff “Da Bat” Miller. 2,300 miles.
Factory Five Gen 1 GTM – Lot #559 – Sold for $79,200. This Factory Five GTM was featured on Horsepower TV with an LS3 and a Porsche G50-20 6-speed transmission. Kooks exhaust, BBS Wheels, and flawless paint. This was one of the first 10 Factory Five GTMs. Originally built by Dave Borden, and featured at SEMA 2007.
Factory Five Mk3 Roadster – Lot #842 – Sold for $66,000. Powered by a 327 ci Roush engine with a TKO-500 5-speed transmission. Outstanding fit and finish. Professionally built. Painted Ford GT Titanium with satin silver stripe. 17″ Factory Five Halibrand style wheels. The glove box is signed by Carroll Shelby.
Factory Five Mk3 Roadster – Lot #1228 – Sold for $49,500. Built in 2009, this car features a 4.6L Ford engine with a Kenny Bell supercharger. IRS, 17″ Factory Five Halibrand style wheels, high degree of fit and finish on the well-built red with silver Roadster.
Factory Five ’33 Hot Rod – Lot #1286 – Sold for $110,000. Professionally built Factory Five ’33 with 427 ci small block Ford Windsor making 580 HP with NASCAR 4-speed and quick change rear end. The car was featured in Hot Rod Magazine and earned the 2012 GoodGuys Autocross National Championship.
Factory Fives are used in advertising and are being seen everywhere!