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1 of 402: 1968 Ford Shelby Mustang GT500

When it came to performance cars in the 1960s, the Shelby Mustang was the “King of the Road”. Based on production Mustangs, these special cars were modified by Shelby American from 1965 to 1967 and then by Ford itself from 1968 to 1970. The GT500 was perhaps the most prolific of the group, seeing production rise to 1,423 units in 1968, of which 402 were convertibles like the seller’s beautiful example. Somewhat original, this drop-top is available here on eBay where a mere $10,800 has been bid. The reserve is unmet, but the Buy It Now price is $139,000. There, however, is a caveat: the car is located in Norway.

The first Shelby Mustangs originated with the 1965 versions of the stock automobile that started the “pony car” craze. These autos dominated foot traffic at Ford’s (and its competitor’s) dealers for the balance of the decade. In the beginning, Ford would ship cars to Shelby to modify, but internal issues within Shelby led Ford to take over the conversion process themselves, with the help of A.O. Smith.  That would occur in 1968 when Shelby assemblies increase to 4,451 overall, including the GT350. Given the Marti Report provided by the seller, this example appears to be in rare company: 249 GT500 drop-tops built with automatic transmission, 36 painted Sunlit Gold, 8 with air conditioning, and just 2 shipped to the same dealer in Texas where the seller’s car was originally sold.

This ’68 GT500 is mostly original and presents well after 55 years and what may be 63,000 miles (the seller is uncertain if that’s correct). It’s listed in the Shelby Registry if you want to find out if that source can provide any additional information. The paint has been redone, but only once, and the gold finish is nice except for some small cracks on the hood. Rust isn’t an issue, and the seller believes all the sheet metal is from Day 1. The black stripes were added later, probably with the respray. We’re told the Shelby is sound mechanically and the seller believes everything is numbers-matching except for the carburetor.

If you decide to take the plunge, don’t forget to factor in shipping. The seller indicates it may cost $8,000 to get the car shipped in its own 20-foot container from Norway to the US. The listing sounds as though a third party is involved, indicating that a lot of documentation from prior owners will the provided. The only payment means accepted will be by wire transfer and the seller’s phone number for texts has an international prefix. This looks like a solid, rare car that can be yours if the numbers work out.

Comments

  1. Stan

    it appears to have an open rear diff lol. What a beauty.

    Like 3
  2. Howie

    What a sweet ride, and great color!!

    Like 3
  3. A home run is still a home run

    Always felt bad for the early 1968 Gt500 buyers. They missed out on the Cobra Jet later in the year.
    Kinda like those people who bought a 4.6 GT Mustang, then the following year the Coyote came out

    Like 4
  4. DRV

    I’m trying to figure out what I think I remember. As a teenager I remember getting rides in my uncle’s KR 500 convertible. I don’t know what year but it was pea green with black stripes and a distinct KR500 in the stripe along the rocker with no GT on it. He always laughed at chirping the tires going into 4th gear. Is a KR500 just a GT option in ’68 and a separate car in ’69?

    Like 6
    • The Jet Set

      King of the Road, KR, was 1968 only. What separated the KR from the earlier 1968 GT500s was the KR had the 428 Cobra jet engine. The 1969 and 1970 Gt500s all used the 428 Cobra Jet. The KR nomenclature just indicated it was a Cobra Jet GT500, as opposed to the Police Interceptor 428 used in the earlier 1968 GT 500s

      Like 6
  5. Richard van

    Nice car at 1965 to 89 original Cobra. You should drive it around Long Beach. The Harbor or the docks at night. With fun, fun, fun, fun

    Like 3
  6. FrankD Member

    Nice, I prefer the 65-66 Shelby GT350 model. I hate wood paneling!

    Like 3
  7. Bill Hall

    Many many Moons ago we had a customer at our service station in Portlandia who had a year old GT 500 convertible. Her husband was a used car dealer who probably found at the auction. This lasted for a couple of years until they split the sheets and everyone and the car disappeared. This was a totally loaded car, AC, Automatic etc.

    Like 1
  8. rjonec

    This has Ebay Scam written all over it. On the listing it says the location in Stanton CA. However, they say the car is in Norway. Yes, please wire the funds and never see the money again.

    Like 4
  9. Brian

    Pretty sweet deal at 140k if it’s a real deal car. At that price pay a service to see the car in person before you hand over the dough.

    Like 1
  10. C Force

    I would have to verify this car’s existence with the Shelby registry.Like the saying goes”if it’s not in there maybe it doesn’t exist”.Alot of money to pay for any uncertainy.I have seen clone Shelbys,they are out there too…

    Like 1

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