Only 5 Shelby Dragonsnake Cobras will be built — and they’ll cost $750,000 each

The roadster that inspired modern drag racing is being built again.

The 1963 Shelby Dragonsnake Cobra is back.

Shelby American announced Friday that it’s reopening production of the classic roadster. Only five of these vehicles will be built, by hand, taking up to two years apiece.

Who buys this masterpiece that starts at $750,000?

“People who appreciate the heritage of what a Cobra was and what it means. That car won more races in the ’60s than any other Cobra,” Gary Patterson, president of Shelby American, told the Detroit Free Press. “This was one of the winningest in the world. That’s pretty badass.”

Super ‘sexy’

In the past, older men have purchased these high-priced, high-performance vehicles, Patterson said, but younger buyers have been drawn to Shelby vehicles since the 2019 release of the “Ford v Ferrari” film featuring actor Matt Damon as Carroll Shelby, the legendary automotive designer and racing driver.

Car designer Carroll Shelby (Matt Damon) is hired to create an innovative machine in “Ford v Ferrari.”

“How sexy is it to take on the world’s best, which at the time was Ferrari, and take them off the podium?” Patterson said. “That was on the road course. This car is drag race oriented. And they did the same thing at the national drag strips and won championships back in the ’60s.”

Shelby American announced Friday, June 2, 2023 it would reopen production of the classic 1963 Shelby "Dragonsnake" Cobra. Only five will be made, starting at $750,000 apiece. This roadster is painted to mimic the original raced by Bruce Larson, a legendary drag racer.

Buyers now tend to be entrepreneurs who have owned and run businesses, or C-suite executives, he said.

“The 1960s Shelby ‘Dragonsnake’ program began when a small group of young Shelby American production employees developed and drag raced a pair of the roadsters to amazing success,” Patterson said in a news release. “Carroll was so impressed that he approved three more to be built for customers. We reopened Dragonsnake production so fans can experience the thrill of launching a ‘new’ Shelby Cobra down the quarter mile.”

The five 1963 roadsters being built in 2023 honor those five roadsters of the past, he said.

‘A direct descendent’

In 2022, the Shelby GT500 Code Red Ford Mustang priced at nearly $300,000 debuted at the Woodward Dream Cruise. That vehicle “was a direct descendent of the 1963 Dragonsnake program,” Vince LaViolette, Shelby American vice president of operations, said in a news release.