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For Sale at Auction: 1968 Shelby GT500 in Scottsdale, Arizona

Vehicle Description

This 1968 Mustang Shelby GT500KR convertible is powered by a 428ci Cobra Jet V-8 engine mated to a 4-speed manual transmission. Equipped with power steering, power front disc and rear drum brakes, Lucas fog lamps, a roll bar with inertia-reel safety belts, a tilt steering column, and Shelby 10-spoke alloy wheels. Of the 518 GT500KR Convertibles built-in 1968, only 267 had 4-speed transmissions. Well-documented and detailed history in the Shelby American Automobile Club (SAAC) registry, the authority on Shelby automobiles. The car also has several Marti Reports and a letter from Ford confirming #4047's July 1968 build date. There are also copies of the extended warranty purchased in 1969, dealer invoices from a warranty repair and the credit Shelby issued the dealer for the same in October of 1969. Shelby #4047 left the factory in Lime Green and was painted red when restored. The restoration was completed in 1992 by Kar Kraft, whose owners kept the car until 1999 when it was sold to a state representative of SAAC. The car was restored with many re-creations of factory touches, such as paint approval stamps. This Shelby has won many awards, including the Lew Spencer from SAAC 33 (2008) and a Senior Award from the American Automobile Club of America in 2009. The date codes reveal that the engine, heads, intake and carb are date correct. Copies of ownership history, photos of date codes, and numbers are documented including a photograph of when Carroll Shelby signed the visor. Extensive work has been done to get the car back to its show-winning condition it was in 2009 after it was purchased from an estate car collection. The complete fuel system was serviced including rebuilding the original carburetor and original fuel pump with ethanol compatible components. The cooling system and radiator were flushed, and the original water pump was rebuilt. The engine was detailed, and all the original accessories were disassembled and detailed. Valve cover, timing cover and intake gaskets were replaced. The plugs and wires were replaced as well. The brakes were rebuilt from top to bottom along with cleaning and flushing the brake lines. The power steering hoses were replaced with correct hoses and the steering control valve was rebuilt. The interior was disassembled and detailed or repaired. The doors and windows were disassembled, and all the weather stripping was replaced. The window regulators were rebuilt, and all the tracks cleaned and lubricated. The windows were adjusted back to factory specs.

Vehicle Details

  • 1968 Shelby GT500
  • Listing ID: CC-1561166
  • Price: Auction Vehicle
  • Location:Scottsdale, Arizona
  • Year:1968
  • Make:Shelby
  • Model:GT500
  • Exterior Color:RED
  • Interior Color:BLACK
  • Transmission:Manual
  • Odometer:0
  • Stock Number:138716
  • VIN:8T03R213321
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