Estate Sale Shelby: 1968 Shelby GT500 Convertible

Upon first glance, this estate sale appears to be furniture. In fact, I scrolled through quite a bit of furniture before I found what I was told could be found in the listing: an unrestored original 1968 Shelby GT500 convertible. While there are many nice items being sold, this is far and away the most beautiful piece (at least to people like us!). This Shelby has 61,000 original miles on it and the listing states “$165,000 cash and it can be yours,” which makes me think this is a non-negotiable price. Find it here on All of the items including the car are being sold privately by appointment in Texas. I am unable to verify the exact date of this sale, but this is too cool of a car not to share. Thanks Phil K. for the link!

Shelby GT500s are often considered the “holy grail” of Mustangs. Some would say they aren’t Mustangs at all, but I disagree. The 1968 Shelby Mustang has always been a personal favorite of mine. Being a survivor, this Shelby is in nearly perfect condition inside and out. The glovebox door is signed by Carroll Shelby himself! It doesn’t get any cooler than that, especially since Mr. Shelby is no longer with us. There are not a lot of interior pictures, but there are enough to see that this car has seen nothing but love, care, and infrequent use.

Under the hood sits the legendary 428 V8, capable of delivering all your unnecessary power needs! When the engine itself looks fast, you know you’re dealing with some serious muscle. This engine is 427 cubic inches, which is 7.0 liters. That is one big engine! Weighing in around 3,200 pounds, these cars can really move. The Ford blue really contrasts nicely with the red exterior of this car. I don’t think I will ever be able to afford one of these, but if I could drive one once that would be enough!

Somebody has kept this car nice for quite sometime, and hopefully it stays that way. While many of these GT500s were cherished like this one has been, many others were thrashed and put through their paces the way there were designed to be used. With a name like Shelby affixed to it, there’s a reason these cars fetch the prices they do. A red Shelby GT500 convertible is something of a show-stopper and will surely be used as such.


WANTED 1966 Pontiac GTO Must be Maroon, BLK seats, 4 sp, exl con. every thing else is a plus, Money in hand. Contact

WANTED 1967-1968 Ford Fastback I am looking for 289 engine built in November 1966 Contact

WANTED 1982 Corvette Chevrolet Corvette Under 40,000 miles. White exterior, Contact

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  1. MH

    I’m not a ford guy but that car is amazing! I would love to have it but it’s far out of my price range. I would have a hard time not driving it if I owned it.

  2. wuzjeepnowsaab

    The WOW factor is running very high on this one. Beautiful and rare piece of history

  3. Gbauer

    Hagerty lists this as 126k for good, 142k for excellent, and 170k for concours. Looks like a fair price but not a killer deal.

    …not to say I’d turn it down..

  4. Todd Zuercher

    It’s got a modern air conditioning compressor on it.


      The A/C system on this car is completely aftermarket. This car did not leave the factory with A/C. Factory A/C would have the left vent as a part of the heater control panel and on the right side the vent would be a part of the filler panel, not mounted to the bottom of the dash below the filler panel.

  5. daleone3

    This would be a good Gas Monkey, Richard Rawlings can show up with $30k in twenties like he does and make a show of it….I would love to see him get man handled by one of the women running the Tag Sale, they are brutal……

  6. Woodie Man

    Things have gotten really crazy…..I wonder if there is a ‘Millenial’ market twenty years down the line for this car and others we all covet?

    • Andre

      IMO the market will adjust sharply in the medium term.

  7. Jeffro

    Sweet find. Time to go bust the kids piggy banks!

  8. edh

    I don’t see a lot of Millenials valuing cars in general, so I think the market will definitely take a down turn as older owners pass on.

    • TCOPPS Tyler Member

      That’s excellent news for Millenials like myself!!!

    • Andre

      There will be a day a fixed gear bicycle is worth more than a ’57 Vette

      • Gabe M

        As a millennial who looks at this site every day, the market will only increase because more information on cars will dictate the markets values will increase as more people become informed, just look at what Doug DeMuro has done to certain rare cars.

      • Carl

        The last time I seen a Pierce bicycle, the real ones, and few years ago, $10,000 mint, can’t imagine what it is now

      • Carl

        Here’s the Pierce bicycle

    • Andrew Tanner Member

      Respectfully disagree, there is just as much of a following for cars as there ever has been if not more. The current vehicles of choice typically aren’t classic due to the steep market on most cars built before 1973. While older car enthusiasts may not notice a kid enjoying the heck out of his Honda, that doesn’t mean younger folks don’t love cars!

  9. JohnD

    Like many things at Ms. Beegle’s sales, this is priced beyond perfection. Forget Hagerty’s and look at actual auction results. My guess is that 68 GT500 autos can be bought all day for that. If not, I might have a really nice one to sell . . . ..

  10. JW

    My all time favorite Mustang Shelby, I love the 68s but prefer a hard top. I would have to sell the house / truck and 70 Mach1 to pay cash for this and the wife would not go along with that even being a Mustang fanatic herself.

  11. flmikey

    After checking prices on Ebay, this seems like a fair price…there are Shelby’s in better condition (restored), and with sticks at around the same price, but this one’s original….so you know what they say…..

    • JohnD

      I can see at least 7 things under the hood alone that are not original . . . or correct, for that matter. I love the cars, and I wish this were true for my own, but I guess I’ll have to die for it to be worth that much at an estate sale. I am also suspicious of red cars, and expensive Shelbys without any docs or Marti report . . .

      • leiniedude leiniedude Member

        From the ad, I would like to know who signed the guitar. Oops, I thought it was only going to show the Marti report.

      • flmikey

        There is a Marti report…though it is hard to read…but I am sure whoever shows up with 165 large will do their homework on this one…if it were me, and I wish it was, I would spend hours going over this car…which, in itself, would be great fun…and thanks for the heads up under the hood…it was fun too…kinda like doing a puzzle…didn’t find all 7, though…

  12. michael streuly

    The car is worth what someone will pay for it. I personally do not care for early shelby mustangs or any mustangs. At the end of the day its still just a mustang.

  13. RayZ

    I think for $165K it’s missing a pedal

  14. jbd

    Great Find! W code for the 427 engine, Q or R for the 428 which came out in “68 1/2.


      There were no W code 1968 Mustangs or Shelbys built by the factory and sold to the public. Hopefully it is just a typo on Andrew’s part in his write up where he says the car has a 427 engine.

      • Andrew Tanner Member

        Yes, it is a typo! This is definitely a 428. A shop I used to work in serviced a 1968 Shelby regularly and I became somewhat enamored with it!

  15. z28th1s

    The Marti Report shows it came with a 428 engine.

  16. PRA4SNW PRA4SNW Member

    It’s a good time to be in Texas if any of the recent cars listed on BF are any indication.

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