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1968 SHELBY MUSTANG GT500 - £170,000

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The new 1967 Mustang body shell had been designed to accept Fords 390-cubic inch big block engine. Carroll Shelby instantly saw the potential for even more power and dropped in a 428-cubic inch Cobra-Jet engine with the addition of dual carb intakes. The legendary Shelby GT500 was born, and was instantly top-of-the-line for Mustang ownership in 1967-68.
Output was conservatively claimed at 355 hp, however, actual output was closer to 400, with a monstrous 420 lbs ft of torque. The engine was mated to a four-speed manual transmission or 3-speed auto, the suspension was heavy duty and the brakes were power-assisted discs at the front with drums on the rear.
The Mustang looked the part too, sporting a new front end with a unique bonnet scoop and grille-mounted driving lights, giving the GT500 Shelbys a more aggressive stance. Towards the back, it boasted rear threequarter scoops, a rear spoiler, and sequential turn signals from a 1966 Thunderbird, giving the car even more road presence. A roll-over bar with inertia-reel shoulder harnesses completed the race car references, and the model has had true cult status ever since.
The car we have for sale is chassis number 00551; a 2nd series GT500 ; 1 of just 1020 examples built, and 1 of 458 finished in Candy Apple Red. Actually ordered in 1967, it was delivered to Joe Myers Ford in Houston, Texas on 17th January 1968, with the fantastic 428ci 4-Valve engine (7 litres).
Desirable factory options included: 6,000 RPM hydraulic camshaft, manual 4-speed wide-ratio transmission (four on the floor), power disc brakes, power steering, ram-air intake, hood locks, remote drivers side mirror, décor black interior and tilt away steering column.
Included in the history file is the original bill of sale from 1968, along with 78 pages of bills and receipts over the years. The vehicle is recorded in the Shelby World Register and has a deluxe Marti Report; this confirms the car is a matching numbers example that has never had an engine change.
The car was expertly restored by Shelby marque specialists Classic Car Care of Texas, benefiting from a full rotisserie rebuild, and having covered less than 2000 miles since. The paintwork retains an excellent shine and the interior is in lovely order. The engine bay is very clean and the engine sounds incredible on start up!
In 2010 the GT500 was acquired by a UK collector from Speciality Sales in San Carlos, California and he has kept the car in pristine condition covering just 200 fine-weather miles in 6 years.
Our client purchased the car in 2016, since when Thornley Kelham has undertaken over £30,000 of works including fitting new fuel pipes, significant rewiring, rebuilding the suspension front and rear, new rubber seals, new tyres, new battery, new retro radio and ICE system, fitting a new power steering rack, new engine mounts, fitting top level tracker and alarm systems, new decals, full service and full polish and detail. The car has had a 4 wheel alignment, has been tuned on a rolling road, and all niggles addressed.
As a result this must simply be one of the best Shelby Mustangs in the world today, with a great history file, and is ready for a test drive here at our workshops.

  • 1454 Miles
  • Transmission 69197354786223e29b85070a0695cc247a4c2b215c743673c2d02e864b4cd687 Manual
  • Steering ca68a9643bbb915d30839040f432af59e679db8cf98e23a4378cbef2ed805059 LHD
  • RefCode: TA1084101