Lot 171

Arizona 2024

1969 Shelby GT350 'B Production' Fastback


$168,000 USD | Sold

United States Flag | Phoenix, Arizona



Chassis No.
Bill of Sale Only
  • A well-documented California car since new; thoroughly modified for SCCA B Production and GT1-class racing from 1973 through 1982
  • Comprehensively restored by competition Mustang specialist Dave Mani circa April 2012 to B Production spec over two years
  • Campaigned in a variety of US-based vintage racing series since 2013, including CSRG, HMSA, SAAC, SVRA, and VARA
  • Powered by a 437-hp Boss 302 V-8 built by Skip Govia Racing Engines; torn down and entirely rebuilt in 2020
  • Very well maintained with over $141,000 of servicing completed under current ownership
  • Detailed file with Deluxe Marti Report, historic imagery, FIA Homologation copies, SVRA Gold Medallion logbook, service records, SAAC documentation, and dyno sheets

This fascinating 1969 Shelby GT350 racecar, serial number 480033, began life as a Silver Jade GT500 sold new in Hayward, California on 28 August 1969. Shortly after its initial purchase, the car was stolen and damaged. The insurance company, unwilling to repair what it considered an “exotic” car, cashed out the owner. It was then purchased by Jerry Lecatse’s ABC Auto Wreckers of San Leandro, California in early 1971. Lecatse was a noted Shelby enthusiast in the Bay Area and an active member of the San Francisco Region Sports Car Club of America.

Lecaste's friend Lee Fulton had just completed a '69 Shelby that was approved to race in the SCCA B Production class. Following Fulton’s example, Lecatse installed a Boss 302 engine, roll cage, and competition wheels, threw a coat of Grabber Green paint over the car’s new lightweight Maier fiberglass bodywork, and went racing. He competed in B Production races across California from 1973 to 1975 and then sold the car to noted SAAC power couple Gordon and Nancy Gimbel of Roseville, California.

The Gimbels continued racing through 1980 at regional and national SCCA events, as well as Shelby Club outings. By the end of their five-year ownership, 480033 had transformed into a 351 Cleveland-powered, Sapphire Blue, GT1-class racer sporting International Motor Sports Association-style flared fenders and 15-inch wheels.

After two subsequent owners continued racing the car in GT1, Gary Goeringer of Morgan Hills, California acquired 480033 in 1982 with the intent of returning it to earlier racing specs. He placed it in storage, began to collect parts, and saved his pennies—until a fire ripped through the storage facility and damaged the car alongside 14 others.

Goeringer did not touch his Shelby again until 1994, after he was introduced to the famous hot-rodder Doane Spencer. Together the pair began a restoration, repairing 48033 with the assistance of a donor chassis over the next 15 months, until Spencer’s passing in August 1995.

The restoration was finally completed in April 2012, following two years of outstanding work by the Hayward, California-based competition Mustang specialist Dave Mani. A comprehensive photo gallery clearly illustrates the incredible attention to detail Mani paid to bring this special Shelby up to Sportscar Vintage Racing Association Gold Medallion class eligibility, which mandates that all parts be original or true copies of period-correct technology and that the car be in as-raced condition in compliance with the 1969 SCCA Rule Book. For motivation, Mani fitted a formidable Boss 302 V-8 built by Skip Govia Racing Engines.

Under current ownership since Fall 2012, this painstakingly restored Shelby has been extensively campaigned in countless vintage and historic competitions governed by a wide range of sanctioning bodies, including but not limited to the Classic Sports Racing Group, Historic Motorsports Association, SAAC, SVRA, and Vintage Auto Racing Association. In 2016, the car earned the SVRA’s prestigious Coronado Historic Trophy for Excellence in Presentation.

This Shelby GT350 B Production has remained in top racing condition thanks to the consignor’s meticulous maintenance schedule and regular use, as illustrated by invoices on file totaling more than $141,000. One of the latest entries details a $6,400 expenditure to tear down and rebuild the engine, which recent dynamometer tests have shown to deliver a peak rating of 437 horsepower. Additional digital documentation includes historic imagery, FIA Homologation certificate copies, detailed restoration photos, and numerous magazine features.

This sublimely detailed and well-sorted Shelby GT350 racecar now awaits continued enthusiastic participation in historic racing events across the globe.