With the sale of 5R002 at the Mecum Auction in Florida in January of 2022—at a record breaking price for any Mustang of $4 Million dollars—it is altogether proper to offer a short history of 5R002 and its sister car, 5S003, both of which went from restorations to Concours winners.

When I learned Mark Hovander and John Atzbach bought the Shelbys of their dreams, I thought to myself, “One of them would be great; both of them in the same place at the same time would be historic. Together again for the first time in 45 years—what an opportunity this is, little more than a year away from the 50th anniversary of the Mustang GT350.”

I didn‘t know at the time that Mark and John planned to show the cars together as they were when they acquired them, then restore them as accurately as possible to the way they were built by Chuck Cantwell’s team in Shelby American’s Princeton Avenue race shop. I also didn’t know they would then show both cars together at the most important Concours events in North America. Dream achieved.

Atzbach told me at the time that “it felt like winning a gold medal at the Olympics” after 5R002 was awarded Best in Class at Pebble Beach with a 1-2 finish. 5S003 was awarded second place.

Just getting the Pebble Beach committee to display a car as “pedestrian” in their eyes as a Mustang was a monumental achievement, and one which required extensive lobbying by the car collectors who love them. What prominent car collector would own a Mustang? Jay Leno? Bobby Rahal? Bruce Meyers? All three?

I won’t bore you with yet another account of the history and significance of 5R002 and 5S003. That is all well documented; most Mustang enthusiasts know the history or can find it easily. However, I can try to add something to the narrative with an account of the period when these two cars were restored from racers to Concours competitors—a process I was fortunate enough to witness.

Peter Brock Signs a Hood

Shelby American driver Alan Grant invited the Washington Shelby Club to visit his shop in Sequim, Washington, when Dave Lennarts owned 5S003 (pre-restoration). Below is a photo of Peter Brock signing the hood of 5S003.

Where is that hood now? Under penalty of a lost driver’s license, I cannot say.

Peter Brock signing hood of Mustang GT350 5S003

Peter Brock signing hood of Mustang GT350 5S003
Hanging in a garage (location secret).


Signed Mustang GT350 5S003 hood hanging in garage

Signed Mustang GT350 5S003 hood hanging in garage
Signatures: Carroll Shelby, Peter Brock, Chuck Cantwell.

Kirkland Concours

Heads turned when both cars showed up at the Kirkland Concours before restoration. Every man in the house wanted to push 5R002 onto the show field to be able to say they put a hand on it. The car was a shell in primer over rust. But it was still 5R002. Here it is below, displayed with 5S003 when it was still a race car.

Mustang GT350 5R002 on display

Mustang GT350 5R002 on display

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By: Harvey Sherman
Title: GT350 Siblings: 5R002 and 5S003
Sourced From: sportscardigest.com/gt350-siblings-the-5r002-and-5s003/
Published Date: Tue, 08 Feb 2022 13:55:55 +0000

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