Remember the time Carroll Shelby dropped a roaring American V8 into a gorgeous, hand-crafted European body? Well, this Shelby concoction probably isn't the one you're thinking of.
Rewind a couple years from the well-known Shelby Cobra, swap the British A/C body for the craftsmanship of an Italian coachmaker, and put that gorgeous body on top of a 1959 Chevrolet Corvette — yes, I said Chevrolet and not Ford — and you get one of the rarest Corvettes ever made.
Only three Scaglietti Corvettes — which started as a joint venture between Gary Laughlin, Jim Hall (of future Chaparral fame) and Shelby before GM got briefly involved — were made before GM backed out and Shelby went a different route (notably leading to the only All-American overall victory at LeMans by the Ford GT Mk. IV in 1967).
Legend also holds that a cranky Italian named Enzo Ferrari, whose late 1950s race cars were designed by Sergio Scaglietti, threatened to stop employing the coachbuilder if he continued to work with the Americans, though I've only seen this mentions in a couple versions of the cars' history.
That being said, the whole GM moratorium on factory-backed racing, and the fact that the only completed Scaglietti Corvette wasn't delivered to Laughlin until 1961 (the other two were partially finished when work stopped —- one was delivered to Hall and the other was sold), were likely the biggest culprits in its demise.
Considering the history, the $995,000 asking price of the listed Scaglietti Corvette — the original car delivered to Laughlin — doesn't seem all that crazy. Sure, it doesn't have the racing pedigree of those classic Ferrari race cars, but why spend $50 million on 1 of 36 Ferrari 250 GTOs when you can spend a fraction of that on one of the rarest — and dare I say most beautiful — American(ish) sports cars ever made?