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The Ford Shelby Mustang GT500 Cobra Jet sold at the Larry A. Brown estate auction Friday. Image courtesy Ron Gilligan Auctioneering.

Rare Ford Mustang sells at Pa. auction for $280,000

Tom Hoepf
Tom Hoepf

The Ford Shelby Mustang GT500 Cobra Jet sold at the Larry A. Brown estate auction Friday. Image courtesy Ron Gilligan Auctioneering.
The Ford Shelby Mustang GT500 Cobra Jet sold at the Larry A. Brown estate auction Friday. Image courtesy Ron Gilligan Auctioneering.
STATE COLLEGE, Pa. (AP) – A central Pennsylvania man has made the winning bid on an rare muscle car that set the auction world buzzing.

The Centre Daily Times said George Cowfer of Clearfield County paid $280,000 for the 1969 Ford Shelby Mustang GT500 Cobra Jet at an auction Friday. That’s considerably more than the $200,000 the car was expected to fetch.

The car’s former owner died last fall. He bought it the Mustang at a Centre County dealership but logged only 8,500 miles before garaging it for 40 years.

State College-based auctioneer Ron Gilligan said the GT500 is one of only 1,534 made. The car still has its factory-installed belts, hoses, spark plugs and wiring.

Gilligan said there was so much interest in the car that the traffic crashed his website.

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Information from: Centre Daily Times, http://www.centredaily.com

Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

AP-WF-04-25-14 1854GMT

ADDITIONAL IMAGE OF NOTE

The Ford Shelby Mustang GT500 Cobra Jet sold at the Larry A. Brown estate auction Friday. Image courtesy Ron Gilligan Auctioneering.
The Ford Shelby Mustang GT500 Cobra Jet sold at the Larry A. Brown estate auction Friday. Image courtesy Ron Gilligan Auctioneering.