1966 Shelby GT350 Found 26 Years Later Exposed Under Trash

Posted by on March 30, 2011 - more
shelby gt350-2

They say one man’s trash is another man’s treasure. This case appears to be treasure beneath trash. This 1966 Shelby Ford Mustang GT350 was stored away in a shed beneath a pile of junk. Here is how it became uncovered.

In 1966, Shelby American resold some aftermarket V8 Ford Mustangs with some performance enhancements and racing improvements. They built 2,378 and sold 1,003 to Hertz to be rented out for racing. Most of these were painted gold and black, but a handful were painted red like this one that was tracked back to a Hertz office in Georgia a few decades ago.

Hertz rented the car for about a year before selling the car in October of 1967 to a lady named Anbeth Youngquist from Miami. Her daughter, Gail Youngquist, registered the car with the Shelby Owners of America club while she was living in Kansas, and on June 27, 1976, a Conoco station changed its oil with documentation that states 87,370 miles on the odometer. After that, the story gets blurry.

Anabeth Youngquist was married to Rex Youngquist, a Kansas landowner and developer who was going back and forth in disputes with local authorites over his property. Youngquist was sued seven years ago and was ordered to pay more than $110,000 after the manager of the Villa 26 apartment buildings he owned in Lawrence, Kan., blatantly refused a rental unit to an interracial couple.

In 2006, Rex insisted that a certain county in Kansas owed him $11 million for his damaged property due to debris and construction. He came up with these numbers by his own calculations, supposedly without having any courts involved. The Youngquists decided to escape to Texas to drill for oil without legal Texas permits.

The state of Texas was looking to sue the Youngquists in 2008, but received a letter from Rex in Panama saying that he had no clue who Gail Youngquist was and that he couldn’t recall “any of the stuff” in the state’s lawsuit against them.

Just last year, a Texas judged sided with the state and slammed the Youngquists with $624,805 in court fees and fines. Their entire collection was seized by Houston attorney Peter Pratt. Any property they owned in Kansas, mostly the Villa 26 apartments that had been seized by Texas in January.

The new manager of the Villa 26 apartments discovered three sheds behind the complex that were stock full of what he called “the detritus of life” such as water skis, old barbeque grills, tools, household junk, and, etc. Pratt told him to go ahead and empty the sheds since they posed a fire danger and could potentially be rented out. When the new manager started to clear the junk from one of the sheds, eventually the shape of a car started to appear.

The Shelby’s upholstery and fabric had been molded throughout the years, but otherwise in decent shape! It only had a few thousand miles since the oil change paperwork back in 1976. They believe that the car has been attention-deprived since 1985 left under a pile of junk.

It’s about to go up for auction. How much do you think it will go for?

Source: Jalopnik

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  • Tommy

    Probably sell for quite a bit of money actually. It doesn’t look that bad for having been under a pile of stuff for 20 years. I’d bid on it, if I had the money.

  • http://www.facebook.com/people/John-Drysdale/100000882282479 John Drysdale

    So what did it sellfor ?????