The Shelby Mustang was a high-performance variant of the Ford Mustang, built as a partnership between Ford and Carroll Shelby in 1965-67 and by just Ford in 1968-70. Considered iconic today, the Shelby GT500 was given a huge lift by the role of “Eleanor” in the 2000 film, Gone In 60 Seconds. This GT 500 is one of just 2,048 built in 1967, but it has fallen on hard times over the years. That includes the loss of its 428 cubic inch V8 in place of a later 351. Located in Fairhaven, Massachusetts, this project carries the robust price tag of $99,000 here on eBay (although the seller will entertain offers).
Based on the updated 1967 Mustang, the Shelby GT 500 was the first model built up from the GT 350. Ford had partnered with Shelby American two years earlier, but the relationship proved tumultuous, so Ford took control of the cars in 1968. But for ’67, they came with a FE 428 cubic inch V8 (Police Interceptor) topped with an aluminum mid-rise intake manifold and 2×4-barrel 600 CFM Holley carburetors. The output was 355 hp, but that was thought to be conservative. Some of the body parts were made of fiberglass, including the front end, hood, tail light panel, deck lid, quarter extensions, and side scoops. For the model year, just over 2,000 copies were built, so they were rare then and scarce as hen’s teeth today.
We’re told this GT 500 is one of 354 that were painted dark green, perhaps the most popular color after black. But it looks to have been customized and the hood may be a replacement. Though the car is in Massachusetts today, it spent its prior life in California and Alaska, for which it still wears license plates from the latter. Unfortunately, the hot 428 engine is no longer available and a 351 has replaced it under the hood. It has an automatic transmission, but no mention is made as to whether it came when the 351 did. The automobile is in running and driving condition but needs a complete restoration, at least cosmetically.
If you were to buy this car at the lofty asking price for a Mustang (is this really a Shelby if the Shelby-tuned motor is gone?), would you start looking for another 428 to stuff in the engine compartment? We’re told that key Shelby items like the tag, steering wheel, roll bar, seatbelts and harnesses, and spec case are still present. But the paint and interior have deteriorated over the years. Whatever you do, the car will never be numbers matching which is bound to hurt future value.
No numbers matching , no 428 , total rust and the seller is asking 99K ? go figure.
Russ you are correct ” Whatever you do, the car will never be numbers matching which is bound to hurt future value “.
Watch it sell for 80-90,000. I guess you experts don’t follow the market. 67’s are getting all the money and there are no cars to buy. Someone will buy and restore the car. Original motor or not, it’s got Shelby numbers. So I guess it’s a Shelby.
Prices on everything as well as cars, houses, eventually everything will crash.
Because everybody’s uping the prices on everything. Crazy numbers ridiculous.
Hmmm, must have some good ganja up there in MA.
Cougar only tailights? Mustang II steering wheel & ’69 or ’70 bucket seats.
Wheels are from a ?
I have the same steering wheel on my 1967 Shelby GT350 (#318 verified by Marti).The wheels appear to be correct Kelsey Hayes but the seats are 1970 or newer. Asking a lot of money for a car that will require at least 75K yp restore if the buyer does most of the restoration price.
The wheels are one of the only things correct. 70’s paint job? Alaska plates don’t give me confidence the underside isn’t Swiss cheese. Assuming it is a real GT500 you are still looking at more than $100K to get it close to concours quality, especially locating at least a date correct engine and accessories for a car that usually barely gets over $200K right now. You are starting upside down even before the inevitable gotchas that always come up in a restoration. Hard Pass.
Not even looking without a Marti Report.
Never let your ten year old price your car.
Would just walk away no orig motor in a Shelby not worth my time if i had the cash…
Silliness this value idea. Find a solid Mustang of humble origins and then fix it the way you want it and then YOU drive it. Driving the car you want down the road is always going to be so much better than some trailer queen you have in your investment portfolio. Capitalism should be an after thought in the old car hobby. Cars and the enjoyment from them should always be the 1st, second, and 99th on the list here. The profit motive should be far far down that list. Greed has spoiled the hobby for so many.
$100,000.00 for a rotted out parts car, WTF is this hoddy coming to?
Crack is whack.
99 Grand??? for that what have they been smoking? I could MAYBE see half of that for what it used to be in the condition it is now. This I hope was not a investment effort. For that price it needs to be nearly a Trailer Queen in need of resto repairs. This with the missing original power plant the Rust infecting so many areas leaving huge questions if he gets 45 grand that would surprise me because if you are to return it to its almost original state it will require nearly that much scratch and it still will not be Numbers Matching that the asking price reflects.
I agree totally with you.
lmfao
Not numbers matching and a lot things missing besides the engine. Asking price is crazy. To get it back to its former glory would be $100,000+ If you could get it for $20,000 maybe but asking price is unrealistic.
Hmm, it seems that all cars are about money anymore… Are there any real car enthusiasts anymore?? What has happened to the hobby, when instead of dragging an old car out of a garage, now people are dragging a dollar sign out of a garage… It’s sickening..
All exhaustive money comments aside, I’m going to comment on how super-rare cars in this condition still exist in barns, fields, garages… It’s amazing.. Alot of people say that they’ve all been found, but I’m not buying that at all… Just in my geographic area, there are barns and garages that have been closed for so long that there are trees growing in front of the doors… I always wonder what’s in them when I drive by..
How very sad!! The sellers ID shelbymustangmotors.
each day, BF should use one listing with the caption “Joke of the day”. I think we have today’s candidate
Another subscriber to the Junk & Scrap Dealers price guide.
$9,900. would be a high price for this !@#$%^&*()_+.
And that’s a complement!!!
Over priced parts special.
100k gets a new shelby,turn the key, and let Ford worry about it or buy that rust bucket widow maker.
Every person commenting is doing so because they can’t afford it. Bottom line is… Your not buying this car to make it stock. Putting up 100k for a shell you are doing modern drive train and looking to do another 60-100k to make this a one of a kind riddler winner. That being said. No shell is worth 99k to get. Good body work can get that done on a resto ’67 shell for no more that 6-8k, then you work from there if you have a “budget”
15k for a new shell no suspension ,no fenders ,no doors just a RUST FREE NEW SHELL
If you’ve got 99K to waste on this turd, you’ve got the money to get a nice ORIGINAL Shelby. This car is overpriced by 90K
Russ,
The automatic transmission in this car cannot be the original transmission. The bellhousing bolt pattern is very different for a trans for a small block 351 than the pattern used for a big block FE 428. There is no way that a trans from an FE engine will bolt up to a small block.
Thank you Mr.Barrett,thank you Mr.Jackson(oh & thank you Mr.Budweiser 👍