‘Little Red’ 1967 Ford Mustang Shelby GT500 found after 50 years, could be worth millions


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Search and ye shall discover. Finally.

A legendary Ford Mustang that many thought was destroyed 50 years in the past has been found rotting away in a Texas subject. And it might be value hundreds of thousands.

Affectionately known as Little Crimson, the 1967 mannequin was an experimental automobile that Ford loaned to Carrol Shelby to make use of as a take a look at mattress for the event of efficiency components. Little Crimson and a later automobile, unofficially often called the Inexperienced Hornet, have been the one two Shelby GT 500 notchback coupes of their period, every sporting a snazzy vinyl roof.

Shelby’s crew tinkered with the automobiles, attempting out totally different physique components, engines and transmissions. Little Crimson was primarily configured with a supercharged 428 V8 and Three-speed automated transmission, whereas the Inexperienced Hornet was fitted with a prototype impartial rear suspension that by no means made it into manufacturing, however stays on the automobile as we speak.


Bidding for the Inexperienced Hornet reached $1.9 million at a 2013 public sale.


Little Crimson made an look at a Ford preview occasion in Los Angeles, the place it impressed the creation of the primary California Particular Mustang, which aped its styling, if not efficiency. Shelby ultimately despatched the automobiles again to Ford for a date with the crusher, as was normal apply for prototype automobiles, however they each stood it up.


Little Crimson appeared at a number of promotional occasions.

 (Martin L. Schorr)

The Inexperienced Hornet confirmed up at a Ford worker public sale in 1971 and was resold a number of occasions till it ended up within the storage of Barrett-Jackson Public sale Home CEO, Craig Jackson, about 15 years in the past. Little Crimson simply disappeared.

A half-century of failed makes an attempt to seek out it appeared to again up the prevailing view that it had been crushed. However like all good thriller, all that was lacking was the appropriate key to unlock it. Then Jackson acquired his arms on it.

Jackson and traditional automobile specialist Jason Billups have been doing analysis on the Inexperienced Hornet just lately and located a listing sheet from Ford itemizing its VIN together with these of another automobiles. It dawned on Billups that everybody who’d been wanting by way of data for Little Crimson have been utilizing its Shelby-issued serial quantity, relatively than the unique Ford VIN, which they now had.


And identical to that, they discovered it. It was registered in Texas, the place they related with its present proprietor this previous February — and the remainder of its story unfolded.

Jackson informed Fox Information that Little Crimson, naturally-aspirated once more, was despatched to Courtesy Ford in Littleton, Colo., the place a wounded Vietnam vet determined to deal with himself, not figuring out the automobile he was about to purchase was any extra particular than the opposite Shelbys on the lot. After driving it for a few years he then offered to a person who lived in Wyoming on the time.


The second proprietor later moved to Texas and had it put away in a storage container that acquired damaged into, the thief taking just a few components from the automobile, which was now not in working situation.

After that, he introduced it to his cousin’s home in Weatherford, Texas, and left it in his yard amongst a bunch of different outdated automobiles, the place it was sitting when Jackson and his group arrived.


Together with Billups, he’d introduced alongside famend Mustang professional Kevin Marti to authenticate the discover. Marti final yr confirmed Mustang shell that had been sitting in a Mexican junkyard for years was one of many stunt automobiles used within the Steve McQueen movie “Bullitt.”

This one wasn’t in a lot better form. The engine and transmission are out, the entrance fenders and hood are lacking, and also you’d by no means give it a re-assessment if not for the Shelby badge on the roof pillar.

The proprietor informed Jackson he had a hunch that it is perhaps Little Crimson about 25 years in the past, however when he reached out to the oldsters at Shelby, they gave him the crusher story. Assured that it was the true deal, Jackson mentioned the proprietor offered it to him for a good worth and was glad to be part of what’s to come back.


Jackson desires to carry it again to life in as near its perfect situation as potential. In fact, he’s not likely actually positive what that’s, because it morphed many occasions whereas Ford and Shelby have been working with it. So he’s launching an internet site to doc the work and crowdsource info from anybody who has any.

“In case your dad labored for Ford or Shelby, discuss to them. Or look in your closet and see when you’ve got any outdated photos of it. Something may assist,” he mentioned.

One trace he already has is the presence of two gas pumps, which helps a rumor that it was twin-supercharged at one time.

As for the remaining, the work will doubtless be a yearslong challenge that Marti thinks will rewrite Mustang historical past.

Jackson did not say what he deliberate to do with it when its finished, however he did put Inexperienced Hornet up for public sale in 2013 and the bidding acquired as excessive as $1.9 million, which wasn’t sufficient to fulfill its reserve.

Do not anticipate him to supply a reduction for the pair.

Gary Gastelu is FoxNews.com’s Automotive Editor.

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