January/February 2022 Issue
Ted Segerstrom wasn’t immediately hooked on collecting Shelbys, the iconic muscle cars designed by Carroll Shelby. Four years transpired between the time he bought his first, a 1967 GT500, and his second, a 1968 GT500KR convertible. But a chain of events unfolded, with the unintended outcome of the beginnings of a collection.
“I always had a deep fondness for Shelbys, and wanted to have a drivable Shelby in addition to the collectible ones,” Ted says. “The 1968 GT500KR turned out to be one of a kind—literally—and I couldn’t drive it. I found a second 1968 GT500KR convertible that needed to be restored. When it was in the shop, another customer brought in the same car. The two vehicles turned out to be sequential VIN numbered cars, and sequential number Shelby ID numbers. I purchased the other customer’s car and created the rarest GT500KR convertible twin set. But now I had three cars I couldn’t drive. So I continued the search for one I could actually enjoy on the road.”
Ted—and eventually his wife, Rae, who also has a fondness for Shelbys—has spent the three decades since those initial purchases collecting Shelbys from owners and dealers across the country. By 2007, they had so many cars, the couple had to buy a 25,000-square-foot warehouse to store them all.
Today, they own 93 Shelbys and Mustangs, 80 of which they’re displaying in the Segerstrom Shelby Event Center, a car-museum/event-venue they opened in October 2021.
The 1967 and 1968 cars are part of the current exhibit in the 41,000-square-foot space, along with two fully restored Shelby GT350 factory drag race cars, each one of only four produced in their respective years; the three lowest-production Cobras in history; and a rare Black Jade 1969 Shelby GT500 convertible.