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Estate Sale Find: 1970 Shelby GT350

This 1969 Ford Shelby Mustang GT350 is said to be a very rare and one of two cars built with its unique color and option combination. The car was originally Pastel Gray. There are five days remaining in the auction and the car can be seen here on eBay. The buyer has the Shelby listed for sale at a Buy It Now Price of $77,500 and states that they have had several offers close to this price but the seller has declined the offers and will not take anything less than asking. However,  the seller suggests any perspective buyers come look at the car in person before making an offer. So that seems like mixed signals. The car is located in Medina, Ohio.

The Shelby is said to have its numbers matching Ford 351 cubic inch V8 engine that is fed through a four barrel carburetor. The Marti Report shows that it was built in May 1969 and had a blacked out hood. Rear axle is equipped with a 3.00 to 1 gear ratio. All GT350 cars were built with the small black Ford engines (351 cid) while GT500 Shelby’s were built with big block engines (428 cid). The engine compartment appears to be in good condition and no rust is evident.

The interior shows well and is believed to be original. The seats, door panels and console look nice. The steering wheel is wrapped in an aftermarket grip like my grandmother’s Catalina used to have. The exterior paint on this car is an older enamel repaint and has some flaws, cracking and peeling.  The Shelby has the original spare tire and associated accessories and the trunk.

The 1969 and 1970 Shelby’s look the same because they were all built in 1969. There were 789 Shelby’s sold in 1970. Carroll Shelby ended his agreement with Ford in the middle of 1969 and the 1970 models were unsold 1969 Shelby’s that were given new VINs. Ford dropped the Cobra symbol on these Shelby’s and that was the end of the road for quite some time.


  1. angliagt angliagt Member

    If I remember right,these were built by Ford,
    & not by Shelby.I always thought they looked bloated,
    & don’t have the great style (or performance) of the
    earlier cars.
    I don’t get the prices these are going for either.

    Like 7
    • Steve Clinton

      Some people have more money than brains.

      Like 4
    • Keith Olsen

      I agree, the design is dull

      Like 0
  2. T

    A “land yacht”.

    Like 3
  3. Bamapoppy

    If some of them were re-vined it makes me wonder where the cut off was for 1969 vs 1970 models. Back in this time the new cars were shown to the public on September 15th if memory serves me correct.

    Like 0
  4. Tom71mustangs Member

    To my knowledge, all ‘70’s were actually “leftover” (unsold) ‘69’s that Ford was allowed to re-VIN as ‘70’s. It is my understanding that an agent of the FBI had to be present to witness each VIN tag change. They also received the two black hood stripes and the chin spoiler to distinguish them more as “1970 models”. And Yes- for the purists, this was produced by Ford/outsourced to A.O. Smith, who had better experience with Fiberglass. I still LOVE you his car, understand and appreciate the value, and for my 2cents- should definitely be returned to its pastel gray color.
    Have a great weekend, everyone!

    Like 14
  5. JoeNYWF64

    I though most people thought the ’71-73 stangs were bloated – not the ’69-’70 stangs & shelbies.
    IMO, Ford SHOULD have continued the stang ’71 thru ’73 or even through 79!(considering the success of the t/a) with the quarter horse front end only change to the ’70 model …
    & this red one may have been scrapped b4 the owner knew what he had …
    The 2 prototypes were fitted with a cougar dash …
    The blue one was used on Burt’s old tv show, “Dan August” with a modified hood, i believe.

    Like 2
  6. 19sixty5 Member

    Didn’t the 69/70 Shelby’s come with the two-piece aluminum center/chrome steel rim? I don’t remember the Magnum 500 being available on any Mustang other than the Boss 302 and Boss 429. That being said, the Magnum 500 is still my all-time favorite wheel ever, they work on virtually anything. Repaint to the pastel gray and find the correct wheels. I’m actually partial to the GT 350 model, I believe it is an overall better balanced car.

    Like 0
  7. Howie Mueler

    To me this is the best deal i have ever seen on here, not sure why no one has bought it yet?

    Like 2

    The seller needs to learn how to read a Marti report. This is not a 1 of 2 car. According to the Marti report there were 45 1970 Shelby fastbacks built with the same paint and interior codes.

    Like 0
  9. Ron

    This car was here before, with the exact same photos (on or about May 28 of this year). Why the new story line? Estate find? I don’t mean to sound crass, but did the person who sent in the listing a few months ago depart this earth? Or is it a case of “if at first, you don’t get the reserve, try try again?” Something’s a bit off…

    Like 2

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