Bring $115,000 Cash: 1968 Shelby GT500

If you’ve been searching and searching for a nice daily driver and you’ve recently won the lottery, this 1968 Shelby GT500 may be for you. This crisp, clean, lean mean machine can be found on Craigslist, or here on the CL archive. It was originally a California car but now lives in Medford, Oregon. The seller is asking $115,000 but they’re willing to negotiate if someone shows up with cash. Thanks to Michael for submitting this find!

Wow. Just, wow. I know that a few of the Barn Finds readers have probably owned one of these GT500s but I can’t imagine ever having a car like this. While I personally prefer the slightly smaller 1965-1966 GT350, the later Shelby GT500s are gorgeous. Not to mention forehead-slappingly fast and fun.  In spring of 1968, Ford upped the ante a bit with the 428 Cobra Jet engine, giving the GT500 KR – King of the Road – even more power. In decoding the VIN this car does have the standard 428. Since this Shelby is lacking the KR identification markings, it must be a late-’67 or an early-’68 car. Either way it’ll be a killer addition to anyone’s collection. Just to clarify the fantastic appearance of this car, the seller does say that it has had one repaint.

The photos are a mix of vertical and horizontal, my apologies for this collage to make the driver’s side interior photo fit the horizontal format. You have probably noticed the lack of a third pedal by now, yes this car has an automatic transmission. Whether that hurts the value or just makes a few hairs fall off of your chest is a good question. Hagerty lists an average value of $101,000 and a #2 excellent condition value of $124,000. Those are always fairly general numbers, of course, but the seller’s number seems right on according to those Hagerty values. This car has 61,350 miles on it.

YES, an an engine photo! There is just one, but that’s great. And there’s the famous Interstate battery, they’re even in Shelby GT500s. This should be the 360-hp version of the 428 cubic-inch V8. This car was $4,300 new which is ridiculous and painful to think about now. My parents paid almost that much for a 1969 Ford F-250 in 1969 so for a few hundred more.. I would have given up camping, really I would have! So, if you had $100,000 to spend, would this ’68 Shelby GT500 be a contender?

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Comments

  1. Gunner

    Wow. What a beautiful Shelby. My Father owned one from 1981-1992. It was a 68 KR in blue. I my opinion, this one is worth the 115K, especially since it is so original.

  2. Classic Steel

    Wowsa! I am probably lucky I am far away from this beautiful car else I would probably be getting a divorce when the wife saw the bank account emptied and the mortgage on the house. The bright side would be that I could be driving this magnificent beautiful Shelby!

    I have a 67 Mustang convert I built from the ground up through welding floors, rails and quarters etc. I have added the Shelby taillights and scoops and built up the engine and trans but would love the real thing…

    This is making me drool!

    Like 3
    • DJS

      Your clone is nice but I as u would want the real thing I have a all orig 1965 mustang convertable with no mods had it for the lasr 26 years prefer no mods to a great star as well.

    • Oingo

      Nice job, love seeing built vs. bought.

  3. Jbones

    It’s an early car, you can tell by the flush rear side marker lights. Later ones were used on mustangs and cougars.

  4. JW

    Love it !!!

  5. Rube Goldberg Member

    I swear, you just can’t beat Barn Finds for memory lane. When I was a senior in HS (’72) a friend, who had already graduated, had a car almost exactly like this, only a 4 speed. His dad had something to do with Ford. It was without a doubt, the coolest car at school. Some guys had all the luck. It was a fast car. On a power shift between 1st and 2nd, the front shocks topped out and I swear the front wheels came off the ground, and the sound was deafening. Old “Shel” knew what he was doing with this car. Never cared for the wheels, tho.

  6. KSwheatfarmer

    Rube, had the same thought when the 71 Cuda showed up here. My buds was a 383 slap stick black interior orange paint. When high school lunch sucked we would load up and make a high speed run for cheese burgers and six pack of adult beverage before returning to auto shop class.Oil boom days,his dad owned two rotary rigs so that helped.Farmers sons drove 64 Marauder 2 door H T . His ended up center punchin the power pole,he wasn’t hurt but the Cuda was total,he still has before and after pictures. My Mercury resides in the chicken house,its on the list.

  7. 86_Vette_Convertible

    Beautiful car, can’t say more than that.

  8. OFZWOOD

    Very nice original car….except for those ugly Cooper Cobra tires !! Please, don’t tell me the owner puts them …because the ”Cobra” name. A set of repro Polyglas or Firestone ”200” would have made this baby even more delicious…

  9. Max

    Classic Cars are getting more and more Stupidly Outrageously expensive! whatever it is Shelby or anything thanks but No thanks!

    • Rube Goldberg Member

      I agree, however, the price for this is a relative deal. Several years ago, every Shelby that came through was twice this price. Like Superbirds and Daytonas, I think the bottom is falling out on these.

      Like 1
  10. DRV

    Find memory of being in my uncle’s KR convertible when new. His dealer friend stored it for him in a Ford showroom one Winter from which it was promptly stolen. Pea green ….

  11. Dolphin Dolphin Member

    The older I get, for some reason the better these look. Normally I like a clean design without extras, but this is a fastback Mustang, and it has survived and made it to here, so it can shout it out as far as I am concerned…..

  12. TR Falstaff

    I think it’s a 68. It always cracks me up to see the same steering wheel as my 68 LTD. It make it easier to imagine I’m driving an ultra rare Shelby 4 door hardtop. The long gulf stream aqua hood helps also👍

    Like 1
  13. Rob S.

    Definitely worth the $$. On the higher end of the scale but it is nice to see someone’s asking price isn’t so unrealistic.
    Yes, the thrill of driving a big block Shelby is unmatched! I love my 67 GT500!

    • Scotty Gilbertson Scotty Gilbertson Staff

      Whoa! That’s a beauty, Rob!

      • Rob S.

        Thank you, scotty!!

  14. Just passing through

    Love it. It’s a shame that it is not a 4 speed, but beautiful none the less.
    There are loads of beautiful cars out there these days, but the classics are just that. Classics.
    It would look great parked beside my 69’.

  15. Troy s

    Not exactly what Carroll Shelby had in mind when it came to his project.
    Still plenty quick, but too comfy for his tastes. I believe the later 68 cobra jet mustang GT’s were quicker than the Shelby’s, not that it matters anymore.

  16. Steve A

    If I’m gonna spend that kind of money on a Shelby, it’ll have a third pedal, thank you very much!

  17. 79malibu

    The question at hand. If I had a little over 100g extra to spend, would I spend it on this car? The answer is ABSOLUTELY FRIGGIN YEAH I WOULD. I WOULD NOT HESITATE ONE DARN MINUTE!

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