Shelby American is celebrating its 50th anniversary with a 750-horsepower Super Snake—a nameplate Carroll Shelby first rolled out back in 1967, to great acclaim.

The new Super Snake is set to debut at the 2017 Barrett-Jackson Scottsdale auction, currently underway and wrapping up January 22.

Only 500 copies of the 50th anniversary Super Snake will be built, rendering it an instant collector’s car for American muscle car enthusiasts.

With 750 horsepower at the crank, the new Super Snake is expected to hit 60 mph (96.5 km/h) in only 3.5 seconds, going on to achieve a quarter-mile time of 10.9 seconds when equipped with an automatic transmission—acceleration runs in cars equipped with manual transmissions are expected to be slightly slower.

A lower output 670-horsepower version of the Super Snake will be sold alongside the full-blown version at a cost of $69,995 USD, including the purchase price of a base Mustang GT. The price of the 750-horsepower version has yet to be announced, but expect it to be higher than the base version by a margin of several thousand dollars.

Shelby American says the new Super Snake constitutes its best performance-value sports car to date.

“The 2017 Super Snake is a tremendous performance value,” said Vince LaViolette, Shelby American Vice President of Operations.

“We fine-tuned our processes and materials to offer an agile, nimble, and balanced car at a lower cost. A turnkey Super Snake starting at $69,995, plus taxes and fees, has more base performance content than any other version in our history.”

Shelby American’s trick is to use superchargers to extract the impressive power figures from Ford’s 5.0-litre “Coyote” naturally-aspirated V8 engine. An extreme engine-cooling package, which includes an upgraded radiator and overflow tank, is optional.

The American tuning company hasn’t forgotten about handling, and is including suspension upgrades; 20-inch forged aluminum wheels; and sticky performance tires in the Super Snake package, granting the sports car impressive lateral grip to the tune of 1.2 Gs on the skid-pad.

To slow down all the fun, Shelby has included a Wilwood brake kit, which includes six-piston calipers on floating rotors at the front; with four-piston calipers at the rear. The kit also includes a custom brake-duct cooling system.

“We compared the ground-breaking 1967 and 2007 model Super Snakes to other cars of their era when setting the performance parameters for our anniversary model,” said Gary Patterson, Shelby American President.

“The new Super Snake matches those cars’ competitive advantages. The newest Super Snake is both extraordinarily fast and a thrill to drive. In a world filled with sterile cars, it’s a throwback to a time when people enjoyed driving.”

Of course, no Shelby would be complete without styling enhancements that shout about its performance. To this end, the new Super Snake puffs its chest with an engine compartment plaque signed by the build team mounted under the hood, as well as unique grilles, rockers and rocker splitters, plus a unique hood, front splitter, rear spoiler, rear tail panel, rear diffuser and lower rear splitter, all finished off with the trappings of 50th anniversary badges and stripes.

The new Super Snake kit can be installed on all 2015-and-newer Ford Mustang GT sports cars.

It’s not yet clear if it will be possible to import the new limited-edition Super Snake into Canada, but if so, expect the price to inflate due to a relatively weak Canadian dollar against the U.S. greenback.

(Shelby American)