The Holy Grail of car finds has just been located: the 1967 Ford Shelby GT500 EXP, also known as “Little Red”.
Most cars usually get made in the tens of thousands, with some even being made in the millions. A few higher-end luxury models get made in the single thousands, while a few others only have a few hundred built.
A very select number of cars can be measured in the dozens. Those are limited edition models that tend to sell well into the million dollar range.
And then there’s the ultra rare, the unique, the incredible one-offs that are made just once and then never seen again. That’s what the 1967 Ford Shelby GT500 EXP is.
Made in collaboration between Ford Motor Company and Shelby American, only two GT500 EXPs were ever built. The first was called “Green Hornet”, and recently sold for $1.8 million at auction. The other was called “Little Red”, and was never sold at auction because nobody could find it.
The GT500 EXP served as a prototype car that would eventually become the 1968 Mustang California Special. After it served its purpose as a test vehicle, Little Red was placed into storage and then somehow lost.
People had tried to find Little Red in the past, but all roads had previously led to failure. Those roads typically started with the Shelby serial number, which according to Barrett-Jackson, eventually led to a dead end. To find it, they actually went back to the original Ford VIN, which led them to the original registration and eventually the current owner.
That owner didn’t wish to be identified. Probably because he or she had been storing Little Red in a field in Northern Texas.
The priceless Mustang endured over two decades in the open air, which naturally degraded things somewhat. However, Barrett-Jackson will be restoring the car with the entire process documented on a special website built just for Little Red.
What happens after its restored is anyone’s guess, but the most likely ending is a big auction where Little Red sells for many millions of dollars, just like its sister did.