Having a famous name can come in handy when selling a legendary car. That’s the case with Dennis Collins’ latest classic car rescue as he travels to Oregon to retrieve a 1967 Ford Shelby Mustang GT500.

But the seller, James Bond, isn’t a secret agent or a famous movie character. He’s just a vintage car guy seeking to offload part of his collection.

Dennis Collins Finds The Many Pieces To This Shelby GT500 Puzzle

Collins arrives at Bond’s secluded garage to discover a once-epic 1967 Shelby Mustang GT500 in pieces. At first glance, the car’s condition might shock a Shelby lover, but an inspection reveals strong potential for a restoration project.

The car, initially Brittany Blue (a medium blue metallic) and repainted burgundy at some point, now sits with a primer-covered exterior. Yet, the body is rust-free, thanks to the car’s California origins. Other components get found scattered across the garage, including the drivetrain and front seats.

Determining The Best Engine For This Mostly Original Muscle Car

Collins learns that this Ford Mustang Shelby’s separated engine isn’t its original powerplant. Bond shares that aggressive use by a previous owner caused the stock engine to get destroyed—a common occurrence back in the day, according to Collins.

The replacement engine, a rebuilt 427 cubic-inch V8 from 1966, has been sitting for three years. And it may never make its way into the engine as Collins thinks out loud about putting a different big block into the Shelby. Undoubtedly, the decision will be part of a future Dennis Collins video.

How Much Is A 1967 Ford Shelby Mustang GT500 Worth?

Hagerty says a concours-condition 1967 Shelby GT500 goes for $304,000, while one that’s a notch below (excellent condition) is worth $244,000. Meanwhile, a fair-condition GT500 (the lowest valuation that Hagerty tracks) fetches $123,000. Interestingly, despite the volatility in the regular car market, pricing for these Shelbys has remained stable over the past year.

It will be a long time before Collins’ latest acquisition approaches any of these values. From refinishing and repainting the body to reassembling the car, there’s a lot of work ahead. Collins doesn’t offer a timeline for the project, but previous similar Ford Mustang restorations have taken a year or so at best.