Shelby American debuts 427 Cobra at Arizona auction

If you've ever wanted to own a real Shelby Cobra with a big block engine, now's your chance. To commemorate the 50th anniversary of this iconic American roadster, Shelby American has built 50 special edition models with the famed 427 Ford big-block engine.

The Shelby Cobra made its first public appearance at the Barrett-Jackson Auction in Scottsdale, Arizona yesterday. "The big block Shelby Cobra changed the way the world viewed American manufacturers when Carroll Shelby introduced it in January 1965," said Joe Conway, co-CEO of Carroll Shelby International and CEO of Shelby American.

"While the smal l block cars were successful, the all new FE-powered Cobra took everything to the extreme. Far more powerful and sophisticated, the big block Cobra represented the bold American spirit. Shelby American's goal was to create the world's first hyper car and the Cobra lived up to its potential."

The 50th Anniversary 427 Cobra will begin at $119,995 (Rs 75 lakh) for a fiberglass or $179,995 (Rs 1.1 crore) for an aluminium-bodied car, without drivetrain.