value?:68 GT500

[hrtznkr]

looking for opinions of the current market value on the following:
1968 Shelby GT 500 #1571.documented 9,500 original mile car factory prepped for drag racing,In dealer showroon storage for over 22 years and near pristine 100% original condition.wondering if it could be the one of the lowest mileage original condition examples around?,yada yada yada?

[tbirdz12]

The "Old Cars" price guide for a 68 GT 500 says:

#1 = $54,000
#2 = $37,800

Price guide says to add 30% for KR models

From Barrett Jackson:

1968 SHELBY GT500 KR FASTBACK SOLD 66,960 2004-PMCCA

1968 SHELBY GT500 FASTBACK SOLD 58,320 2003-BJCCA

1968 SHELBY GT500 KR FASTBACK SOLD 58,320 2004-BJCCA

1968 SHELBY GT500 FASTBACK HIGH BID 33,000 2003-PBCCA

Some of those were KR's,


Hard to say what an original 9,500 mile car adds to the price.

Remember the 1970? Chevelle LS6 Convertible with 26 miles that went for $325,000 on ebay

Locally, a '68 Buick Riviera, unrestored #2>>#1? with 31,000 miles sold for $31,000. High book on that is $18,000 for a #1.

I would guess the selling price of the 68 Gt-500 would be well over anything the price guides have listed.

Just my humble opinion.

Happy Holidays

Tim

[daltondavid]

Well a lot of variables come in to play here. First is whether or not it is Stick or automatic? Is it a Numbers matching car? is the original Carburetor and smog system still in place?color the car and the interior? almost 50% were lime Green Metallic and 60% had automatics. My car sold in Days, not weeks. It was white with Saddle interior and original numbers matching car 428 4 speed. 85,000 miles. needed a paint job and was advertised at $64,500. I still am receiving e-mails and phone calls for a car that left my House on Dec. 4th! The last e-mail asked me, "Looks like a nice car, why so inexpensive?" so there is a case in point to look at. in my honest opinion without knowing the Facs I posed initially, I would say it is a safe bet to start the Bidding @ $70,000 and believe that if it is lets say "Red" with a 4 speed and air conditioning rolling on original tires with all factory documents in place, right on down to the original spare. Rolling up the Block at Barrett-Jackson with Carroll Shelby standing at the podium, this car would do over $150,000 and possibly even hit $300,000!! But those are some pretty heavy variables involved. BUT, Not at all impossible. Some people do not consider Shelby's produced after 1967 to be "True Shelby's" since they were no longer modified at the Los Angeles Facility. But that does not matter at all. Carroll Shelby was not down in the trenches with the Wrenches!! But he was there making design changes and approvals etc. I believe the 1968 GT500 (Non KR) is the most undervalued Muscle car out there and will see a Meteoric Rise in the next Twelve months.

[Tout]

Is this dream car for sale or are you just wondering what it's worth? I happen to agree with the last post, as with anything for sale , if someone has to have that item, price goes out the window. If you have a car of value , take it to the BJ auction, put a modest reserve on it and watch it sell, Craig also knows what certian buyers are looking for, and wil make sure they are there when your car is up. So why doesn't everyone sell there? For one, many cars are not as nice as what is listed, or do not # match,or have a bad history. Maybe it's to far to get it there, the owner doesn't know how to go about it ,and so on. The real buys are closer to home, you can take the time to check a car out , call SAAC, find out if the car realy was preped for drag racing, if I were going to race a car it would not be a Shelby, to costly, to heavy, in comparison to a plain mustang GT car with a 428 or 427 installed at the dealership. Call Bill Collins, he deals in these cars every day, if this car really does exist, he would know.
Tout

[mrmustang]

Not to disagree with David on this one, but the pricing will change between a GT500KR and a regular GT500.

Bill S.

[Keith Lyles]

Factory prepared 68 GT 500 drag racer. Interesting but without documentation and a lot of it, including invoices, buildsheets and historical footnotes it is going to come under some scrutiny. I haven't looked the car up in the Registry but that doesn't mean the car wasn't optioned out as described. If the cars has 9500 miles did they come 1/4 at a time ? If it did, 9500 is not a low mileage race car in my mind but then again, I am not a racer. If it was built for Show and not Go, you may have something pretty valuable but like all things, price is based on condition. GT -500's are not as rare as GT-500 KR's with the KR's being a mid-year entry and the 428CJ motor. Carroll will tell you that there is not one bit of difference between the two cars but it depends on when and where you asked the question (If you know what I mean). If it is "As Stated" it would not be unheard of the car fetching somewhere is the mid 6 figure range. It sure in the hell is worth more than one of them "Eleanor Cars" being pumped up as the "Real Deal" but that is a totally different issues. Anyhow check with SAAC and the 68 Register who probably can help a lot in etsablishing the history of 1571.

[Adrian472]

I will start the bidding at 500$ any advancement on that please!!

[daltondavid]

according to the 87 SAAC registry, this car is listed as unknown. But it is a GT500, not a "KR" due to the fact that an "S" is the 5th digit in the VIN. Thus in a Shelby indicates a 428 PI engine. (In regular Mustangs it indicates 390 4V) A "KR" would have an "R" indicating the Cobra Jet engine. Mr. Mustang is quite correct in the fact that the "KR" does bring more money that a Standard GT500. 3 years ago they brought $5 Grand more on average. Today I do not think it will make much difference. They are all heading out of reach of the Common man Value wise. what is 5 Grand when the car is $300 Grand for starters?? What I am curious about is The alleged "Factory prepared Drag Racer" Classification. I have never seen or heard of a SHELBY in 1968 being campaigned by Ford or a Ford Dealer. They were into Campaigning the COBRA JET MUSTANGS at that time. Maybe someone knows more than me on this topic??

[Tout]

David,
Your right in the fact that Ford was campaining their GT mustang with the 428 CJ, known today as JET cars, it would only be a dealer that may have changed this car if it happened, maybe to be different. Not that Shelby's were not raced , mine was a weekend racer and the owners brother also raced a GT500, both cars did really well in stock classes.
Tout

[daltondavid]

Tout, I am certain your awesome car is not alone as far as 68 GT500's that saw Track action. (Yours survived much better than most!) my question relates to this guy's claim of "Factory Prepped"! knowing how SAAC folk can be sticklers for details and the dynamics involved with such a car (If it exists) this would undoubtedly have been at least a Footnote in the registry somewhere. or at least one would think so.

[Tout]

David,
As in my first post, I question the existance of this cars racing history, we still haven't herd from the person that posted this question to start with.
Tout