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Man bids $280,000 on car

on April 26, 2014 10:29 AM

STATE COLLEGE (AP) — A central Pennsylvania man has made the winning bid on an ultra-rare sports car that set the auction world buzzing.

The Centre Daily Times said George Cowfer, of Clearfield County, paid $280,000 for the 1969 Ford Shelby Mustang GT500 Cobra Jet at an auction Friday.

That’s more than the $200,000 the car was expected to fetch.

The time-capsule car’s former owner died last fall. He bought it at a Centre County dealership but logged only 8,500 miles before garaging it for 40 years.

State College-based auctioneer Ron Gilligan said the GT500 is one of only 1,534 made.

The “jade-black” color car still has its factory-installed belts, hoses, spark plugs and wiring. Gilligan said there was so much interest in the car that the traffic crashed his website.

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