Sports & Classics of Monterey

12-14 August 2010


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Lot 147

1968 Shelby GT500 KR Convertible

Sold for $126,500

335 bhp, 428 cu. in. Cobra Jet V8 engine, C-6 heavy-duty three-speed automatic transmission, independent front suspension with unequal-length control arms, coil springs and anti-roll bar, live rear axle with semi-elliptic leaf springs, and front disc, rear drum hydraulic brakes. Wheelbase: 108"

- From an important private collection

- A highly documented example

- Correctly restored

- Rare color and option combination

As the new-for-1967 Mustang’s body shell was designed from the outset to accept Ford’s larger FE-Series 390-cubic inch big-block engine, Shelby dropped Ford’s Interceptor 428 into the pony car’s engine bay and created the GT500, which also offered heightened levels of luxury and refinement.

For 1968, the GT500 was comprehensively updated with an aggressive new front-end treatment including a lengthened hood line, dual air scoops and louvered cooling vents, while a neatly integrated rear spoiler was added, as well as revised head and tail lamps. Inside, a neatly covered roll bar with inertia-reel shoulder belts was added, and for the first time, handsome convertible variants of both the GT350 and top-line GT500 appeared.

Although the 360-horsepower, 428-cubic inch GT500 was already very impressive, Shelby unleashed the GT500 KR “King of the Road” with a 428 Cobra Jet engine that was suspiciously rated at only 335 horsepower but in fact pumped out at least 400 horsepower and 440 ft-lbs of tire-melting torque. The Cobra Jet engine included low-riser 427 heads along with a beefier crank, rods and pistons. Additionally, the KR had larger brakes, under-hood suspension bracing and staggered rear shocks to prevent axle wind-up and wheel hop.

Of the 1,251 GT500 KRs built in 1968, just 318 were convertibles. Of those, 251 came with an automatic transmission, 40 were painted Lime Gold, and of that number, 32 were fitted with black décor bucket seats. Just 12 of that group were fitted with black convertible tops and, further narrowing down the field, just four GT500 KRs came with all the above-mentioned options, including the example offered here.

This GT500 KR Convertible was the recipient of a complete restoration and, in August 2007, joined a large and highly respected private collection. It is an entirely correct example, as verified by a Marti Report autographed by Carroll Shelby himself. Other great documentation includes a portion of the original build sheet, as well as an original owner’s manual. A truly excellent example, this is what many enthusiasts consider the ultimate Shelby Mustang, “The King of the Road.”

Please contact our exclusive automotive transportation partner, Reliable Carriers, for a shipping quote or any other information on the transport of this vehicle.

Alexander Weaver

+1 864 313 6844
California, United States

Alexander Weaver joined RM Sotheby’s in 2011 as a Car Specialist after graduating from Furman University in South Carolina. Born... read more

Augustin Sabatié-Garat

+44 (0) 74 1511 4179
United Kingdom

Augustin Sabatié-Garat joined RM Europe in 2012 as a Car Specialist after more than a decade in the collector car hobby. Gradua... read more

Barney Ruprecht

+1 203 912 7168
Ontario, Canada

Barney’s interest in classic cars began at an early age after being introduced to his father’s all-original 1965 Porsche 911. Barney l... read more

Cameron Smyth

+1 519 352 4575
Ontario, Canada

Cameron Smyth joined RM Sotheby’s as a Car Specialist in 2015, working out of our corporate office and providing assistance on c... read more

David Swig

+1 415 302 2247
California, United States

David Swig joined RM Sotheby’s West Coast division as a Car Specialist in May 2015. David is a life-long automobile enthusi... read more

Don Rose

+1 617 513 0388
United States

Don joined RM in 2006 after several years of professionally trading sports and classic cars, and after earning a reputation as a noted... read more

Donnie Gould

+1 954 566 2209
Florida, United States

Donnie Gould joined the RM team in 2002 as a partner and Car Specialist after more than two decades in the vintage automobile auction ... read more

Gord Duff

+1 519 352 4575
Ontario, Canada

Gord Duff began his journey with RM Sotheby’s in 1998. Since then, he has gained an intimate knowledge of a variety of marques a... read more

Jake Auerbach

+1 310 559 4575
California, United States

Jake Auerbach got his start in the automotive industry at an early age, spending his summers during high school working at a classic c... read more

Kurt Forry

+1 717 623 1638
California, United States

Having worked for Bonhams’ Automobilia department for over 10 years, Kurt Forry joined RM Sotheby’s with more than a decad... read more

Matt Malamut

+1 805 231 6410
California, United States

A long-time car enthusiast and Southern California native, Matt studied Automotive Technology at San Diego Miramar College and complet... read more

Michael Squire

+44 (0) 20 7851 7070
United Kingdom

Michael Squire joined RM Sotheby’s European Division in the summer of 2016. He comes to RM with a prestigious racing background ... read more

Mike Fairbairn

+1 519 352 4575
Ontario, Canada

As one of the three founding partners of RM Sotheby’s, Mike has a long-standing interest in the classic car industry. Graduating... read more

Oliver Camelin

+44 (0) 75 0110 7447
United Kingdom

With an extensive background in exotic sports car history and sales, a particular passion for American curves, and fluency in three la... read more

Paul Darvill

+44 (0) 20 7851 7070
United Kingdom

Paul Darvill joined the RM Sotheby’s European team at the beginning of 2015. Paul holds a degree in French and Politics from the... read more

Pete Fisher

+1 519 784 9300
Ontario, Canada

Pete Fisher was first introduced to antique cars in high school, working for Classic Coachworks in his hometown of Blenheim, Ontario. ... read more

Shelby Myers

+1 310 559 4575
California, United States

Shelby Myers grew up with the classic car industry infused into every aspect of his life. He had the unique opportunity to watch the R... read more

Tonnie Van der Velden

+31 653 84 19 60
United Kingdom

Tonnie Van der Velden joined RM Sotheby’s European division in September 2015 as a Car Specialist. A lifelong enthusiast, Tonnie... read more