Right off the bat, if this 1968 Ford Shelby Mustang GT350 looks familiar, it’s for two reasons. One, we cover a ton of these on BF and they all start to look alike. Two, we have covered this one before, but it was three years ago and it’s under new ownership, so let’s see what, or if anything has changed over the years. I’m really not an enthusiast, or a detractor for the original Shelby Mustang run (’65-’70) but I have to admit, the ’68 does do it for me – more on that to follow. This example is located in Fort Lee, New Jersey and is available, here on eBay for a current bid of $65,277 with the reserve not yet met. There is a BIN price of $129,999 available too.
Back in 1968, I was walking home from school and took this meandering route that relied on backyards, alleyways, and even a pass through a church commissary. Well, right before I got to the church there was a brand new Shelby Mustang convertible parked in an alley with its top down. I knew it was a sorta Mustang but didn’t know much about the Shelby name or this variation. The thing that struck me the most about this new-to-me find was its built-in rollbar – how cool was that? I liked this car so much that at some point later on, I bought a ’68 Shelby AMT model kit and put it together – no idea what happened to it.
Back to reality, this ’68 GT350 had an $89K BIN price option in 2020 – don’t know what it sold for. The listing states a mileage reading of 47K miles but our ’20 post indicates 146K. Now the seller doesn’t authenticate the 47K mile claim but it would help to be more straightforward with a car that has a five-digit odometer. The finish is faded and chipped but the body looks straight and free of any discernable rust. Is it my imagination or does the grille look like it’s missing? At least that’s how it shows in the image of the front end. Here’s a walkaround video for your review.
The interior is a bit worn but all-in-all, is in decent condition. The center console lid is split and the carpet is notably faded but beyond that, it checks out. The dash pad, seating upholstery, and door panels are fine as they sit but the instrument panel is doing that chrome-plated plastic delamination thing that happens to cars of a certain age. This is an A/C-equipped car.
Being a GT350 means a 250-gross HP, 302 CI V8 engine, and in this case, it’s attached to an automatic transmission. The listing gives no description of any aspect of this car much less its running and driving characteristics. BF’s previous post for this car mentions an engine rebuild – it’s not stated as such here.
And that powertrain becomes the thrust of the matter. As much as I like ’68 Shelby Mustangs, what we have here is essentially a $129,999, 250 HP Mustang – I don’t get it! Is this a three-year held flip? Probably, the car seems no different than it did in ’20 but I guess if one can capitalize to that extent, over such a relatively short period of time, well, then have at it, right?
Jim nice article sir. 1st thing: I used to walk to school & back also in 1968. That’s as old a concept as this car. 2nd thing: I too used to love building the old AMT model cars as a kid. Out of the far past & into the present, I now do them w/my grandson. Lol. 3rd thing: 130k? Really? The Shelby should not have ANY flaws whatsoever! And finally, “I don’t get it” either. Nice talk…..
It just don’t add up,$130k for a daily driver quality Shelby with the base engine,and not really sure of actual miles?Should reserve at right around 88-$90k?not worth more than $100k.
Looking g at the photo’s, i,d say you’re pretty close on price maybe even a little high. 75 to 80 would be closer to me
At that price for BIN,should be fully restored. It’s not. For a GT350, out to lunch for that price
Six figures for faded paint and missing parts. GLWS. Better examples out there for a lot less money.
130k for this? Ummmm not for me at least.It’s not even a 4 speed. Cool car though but it looks like a flipper is gettin greedy. Glwts.
Nice Shelby, but not 130K nice.
If I’m smart enough to earn the $130k to buy a classic muscle car, I’m smart enough not to buy this one.
One simply must be a fool not to recognize the importance of this car, however, I always thought the front end styling was hideous, and we have the gall to laugh at the French. The rest of the car more than makes up for it, but I could never get past the front end. We see big block this, and big block that, but realistically, we hardly ever saw those, and the GT350 was for a more, shall we say, quieter crowd, say women? I know, I belabor that point a lot, but tis’ true. Many women didn’t want the hassle of a 4 speed, and probably didn’t know the difference from a 302 V8 to a 428CJ, except at over $1,000 more, most gals on a secretaries salary, went with the 302. I bet “Sally” had much fun teasing the big boys with this car.
As to the price: A guy has to start somewhere! No matter what price he asks, somebody is going to pick it to death. But, if there is a guy out there looking for a mostly original example that isn’t too molested and he doesn’t mind red, he’s going to contact the seller and take his temperature.
As to the car iself: IMO this is just another Mustang. The Shelby part, especially on this example, is a simple 55 year old marketing ploy. Just another Mustang. But, the old marketing has created a niche, and this seller is in it. I have no doubt he’ll find a buyer. A buyer for all the money??? That’s a different story.
That is a lot of money for a Mustang that has a different name. I didn’t know Shelby made a car so pedestrian as this model.
In 1968 a person could buy a Mustang with higher performance for less, it just lacked the Shelby name and body/trim modifications.
Many long years ago when I was in high school one of the guys in our youth group at church had a Shelby 350. His would be worth more than this one as it was a 4 speed.
Im showing my age now I guess.$130,009 for this Mustang?Getting crazier by the week.For that king of money I meet you in Bowling Green!
I suppose the sellers has set a price calculated for inflation, but he better get his money before the BRICS nations challenge the dollar and send it plummeting…Then Secretariat here will be worth 5 million dollars, and who has a wheel barrow that big? BTW, a $300 detail would bring that paint back and a new carpet would really set off the interior.
130 large?? Not for this. That is GT500 money and for a nicer shelby. 67 GT350 was a lean mean machine with its hipo 289, 306 HP! 68 GT350s were tame and lame. A shelby in looks only. He would be a fool to turn down $100K. GLWTS
Come on people, do some research for crying out loud.
I know that when I was flipping cars I kept up on the current prices of the models I was interested in. There are other sites listing ’68 Shelby GT350’s for anywhere from $185,000 on up to $239,000, depending on the condition and options installed.
This is a solid and complete model with great options.
Some buyers will just hold and maintain until the price goes up and rake in the profits.
Others will restore to former glory and look a bigger profit.
But in either case the goal is to make a profit.
Isn’t what this is all about after all?
Yes, it’s a great hobby. But the Lil Missus wouldn’t let us participate if it didn’t at least pay for itself.
Love is one thing, but business is business.
Keep it simple, at $130k (buy it now) the seller is CRAZY. As a base Shelby driver it’s a decent car for $75K.