Almost 50 years ago, the sports car world was forever enriched when Carroll Shelby introduced the Ford-powered Shelby Cobra at the 1962 New York Auto Show. On Friday, Shelby American announced that they will offer a limited edition 50th Anniversary Cobra to enthusiasts.

The commemorative cars will be painted black with a premium wine colored leather interior. The announcement was made at the 40th Anniversary Barrett-Jackson Auction in Scottsdale, AZ.

“Fifty years after its introduction, the Shelby Cobra is still an international symbol of high performance,” commented Shelby American president, John Luft. “Combining a robust, powerful American engine with a lightweight European chassis was brilliant. Half a century later, the Cobra remains one of the most coveted cars in the world. Shelby’s formula still resonates today and is followed by automakers worldwide.”

The 50th Anniversary Cobra will be available as either a fiberglass or aluminum-bodied car. While the look is classic, the underpinnings will be contemporary. Starting with a 3-inch diameter, .120 wall tube steel chassis, each car receives rack and pinion steering, dual piston Bear brakes, 15-inch chrome-plated steel wire with modern performance radial tires, a 14-gallon stainless steel fuel tank, high quality Rosso leather interior and Wilton wool carpeting.

A special number range has been reserved for the fifty cars to be built, denoting each as one of the anniversary models. According to Rick Kopec, director of the Shelby American Automobile Club, “Each will be documented in our ‘World Registry’ alongside the original ones built by Shelby American in the 1960s.”

Each car is delivered as a rolling chassis, less drive train. They can be fitted with a proper drive train by the customer or an authorized Shelby American Cobra dealer. Fiberglass- bodied versions will sell for $69.995, while the aluminum version has a sticker price of $134,995.