Check out this ridiculously awesome $18million Shelby Cobra.

FEAST your eyes on this beauty! What you see before you is the very first Shelby Cobra, and it just sold at Auction for US$13.75million (A$18million).

Let that price sink in for a little bit. Roll it around in your mouth and image what A$18million looks like. Hell, you could land at least a pair of Sydney’s ridiculously priced apartments for that kind of money!

The Monterey Car Week auctions are some of the most expensive in the world, regularly setting sales records.

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The former record holder was a 1968 Ford GT40 which went for the relative bargain amount of US$11million (A$14.38million) in 2012.

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It arrived in the US as an engine-less shell in February 1962, before Carroll Shelby and Dean Moon plonked a 260-cubic-inch V8 engine and Ford four-speed gearbox under its British skin.

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“We got drunk and drove it around—an impromptu road course we had set up between the oil derricks,” Moon explains.

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The CSX 2000 was enough for Shelby to convince Ford to give him the capital he needed to produce the first batch of Cobras.

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The car lived its life initially at the Shelby family driving school, before an extended period attending promotional and historic events.