In 1967, Ford’s runaway success sold a brisk 421,121 models. Of those, 44,808 were convertibles. This Mustang convertible project has the beginnings of a Shelby conversion and is available here on eBay in Arlington, Virginia. The current bid, with 5 days left, is only $2,761, but it hasn’t met the reserve. According to driveindex.com, a bona fide 1967 Shelby GT350 has a current market value of $210,774 as of October 20, 2026. A 1967 Shelby GT350 clone ranges from $30k to $70k. Having watched the 65 to 68 Mustang market over the past 3 years, I have only seen lookalike prices go up and up. Of course, this all depends on the condition and how true to the original the specific instance is.
Several things stand out on this car. The yellow paint isn’t the original Springtime Yellow, but I think it would look amazing. The engine is a Blueprint 408 crate motor with a dyno sheet showing 350 horsepower and 450 lb.-ft of torque. The motor also has less than 1,000 miles. The original 289 isn’t available, but the seller has a 1966 289 they say can go with the car if you want it. The brakes have been upgraded with front discs and rear drums. The suspension is new, including control arms, leaf springs, and new shocks. The transmission is a 4-speed now. The data plate says it originally had a 3-speed with the 289.
It seems to come with many parts the seller has available. The owner installed a digital instrument cluster that needs to be connected. The Shelby parts need to be bolted on, and the convertible top needs to be finished. Apparently, the owner has the material to do this and to also add a folding glass pane.
Labor-wise, I would like to quote the seller as saying, “To have some weekend fun, this is easy work; to make it a show car, well, it’s much more work”! With so many aftermarket retailers selling not only Mustang but Shelby parts, I don’t think you could go wrong with this convertible if the price doesn’t get too much out of hand. I don’t know the reserve price, but it would have to be worth it. It will be interesting to see the outcome. Will you make a bid and take on this pony project?
It would be interesting to know what the reserve is. Though this car would b beautiful when done, it needs almost everything. There is rust showing and you know the old saying, “ it’s the rust you can’t see that breaks you”.
You are right. There are signs of a lot more rust, look at the top of the inner fenders fore and aft of the shock towers. Both sides have riveted patches. There is corrosion on every chrome piece in the engine compartment. It may be a good project, but that should be determined by a thorough in person inspection.
Steve R
I cloned a 67 vert 20 years back with trunk and scoops etc. It always did well in local shows . I am tired of clones and prefer regular Stangs left alone and feel it was a fad we’re past these days.