This is a good read with some pics as well!

http://www.thecarsource.com/shelby/cobra/daytona/csx2287.html

I recall this story froma couple of years ago; it has all the makings of good/bad movie. This reminds me somewhat of the Jaguar E-type that was owned by a gentleman on the West Coast and upon his passing a few years back his family had the car auctioned off and it now enjoys a new career in vintage racing.

The E-type was originally raced at Sebring and subsequently sold through Ken Qvale in Ca. The buyer had it registered for the street and then parked the car and while going through a nasty divorce he sanded down a few spots on the car to bare aluminum and then coated the car in duck oil where it sat undisturbed for about thirty years. After the car sold at auction for about 1 million US it was transported back to England and brought back to life by Lynx (E-type specialists). The article appeared in Classic and Sportscar.

Check out this article written by Martin Buckley:

http://www.lynxmotors.co.uk/cc0499.htm