A true piece of Ford and Shelby historical past went below the hammer on Friday.

At its Authentic Spring Traditional auction in Indianapolis, Indiana, Mecum offered the renowned 1965 Ford Shelby GT350 Competitors raced by Ken Miles at Green Valley Raceway in Smithfield, Texas, back in 1965—and the last sale value came in at $three.85 million.

Which is the highest acknowledged value paid for a Mustang, simply beating the $three.four million bid on the unique “Bullitt” film Mustang at a Mecum auction held in January.

What helps make this 1, chassis variety 5R002, so particular? Nicely, that demands a journey down memory lane.

1965 Ford Shelby GT350 Competition with chassis no. 5R002 at Mecum action - July 17, 2020

1965 Ford Shelby GT350 Competitors with chassis no. 5R002 at Mecum action – July 17, 2020

It was Valentines Day, February 14, in 1965, and it was the initial time a GT350 Competitors, far more generally acknowledged as the GT350R, was entered into a sanctioned race, in this situation an SCCA occasion. Miles was the driver, and he won the race, proving the capability of the GT350R in the method. He also acquired the auto airborne at 1 stage, with that image—all 4 wheels in the air—forever etched in Mustang historical past. The stunt earned the auto its renowned Flying Mustang nickname. Other mentioned drivers who invested time behind the wheel consist of Bob Bondurant, Chuck Cantwell, Peter Brock, Jerry Titus, and of program Carroll Shelby.

But there is far more. Chassis no. 5R002 was also the initial GT350R created by Shelby (it truly is 1 of two prototype examples created for 1965, the other becoming 5R001), and the 1 presented to the FIA for homologation for the SCCA B Manufacturing class. It also transpires to be the 2nd of all GT350s created by Shelby.

1965 Ford Shelby GT350 Competition with chassis no. 5R002

1965 Ford Shelby GT350 Competitors with chassis no. 5R002

In contrast to the stock GT350, R designs acquired new suspension tuning, a modified 289 cubic-inch Ford V-eight, an enhanced cooling program, fiberglass physique panels, and Plexiglass windows. The interior was also gutted for racing, and a total roll cage additional to meet competitors rules. And as a prototype, it was fitted with several components that did not make it onto the 34 GT350R consumer autos Shelby created for 1965.

Shelby ended up offering the auto for $four,000 in 1966 to Ford engineer Bill Clawson of Dearborn, Michigan, who continued to race it for yet another yr. It then traded hands a number of far more instances, like to a consumer in Mexico who raced the auto some far more just before it in the end ended up in the Shelby American Museum in Boulder, Colorado.

1965 Ford Shelby GT350 Competition with chassis no. 5R002

1965 Ford Shelby GT350 Competitors with chassis no. 5R002

It sat in the museum for 14 many years until finally renowned Shelby collector John Atzbach, the vendor at Mecum’s auction, acquired it in 2010 and had it restored to its unique racing configuration as witnessed at Green Valley.

Note, some of the exact same men and women who worked on this really auto back in the 1960s are creating 1965 Shelby GT350 continuation autos and 3 of these will be particular Ken Miles versions created mainly to the exact same spec as 5R002.