Lot 250

The John Staluppi Collection

1969 Shelby Mustang GT350 Fastback Coupe

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$104,500 USD | Sold

United States | North Palm Beach, Florida

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Chassis No.
9F02M482343

290 bhp, 351 cu. in. OHV V-8 engine, FMX three-speed automatic transmission, coil spring independent front suspension, live rear axle with semi-elliptic leaf springs, and disc-front, drum-rear power hydraulic brakes. Wheelbase: 108 in.

Carroll Shelby’s Mustang GT350 made big news at its introduction in 1965. Its 289-cubic inch V-8 had been reworked to give 306 brake horsepower and Koni shocks, while a larger front stabilizer and a one-inch sway bar improved handling. A total of 562 cars were produced, all white fastback coupes, to be sold by selected Ford dealers.

In 1966, Shelby went mainstream, preparing a fleet of 1,000 black GT350 coupes with gold stripes for Hertz Car Rental. Designated GT350H, they were offered at selected Hertz offices. Popular rumors persist that many were rented and raced, and then returned after the weekend. True or not, the program proved to be more of a nuisance than an asset and was dropped at year’s end. A few GT350 convertibles were built for Shelby’s employees and friends, but they were never offered to the public.

The revised Mustang body for 1967 received new Shelby styling cues, including air scoops on the rear roof pillars and on the rear quarters, where they cooled the brakes. The 289 engine still put out 306 brake horsepower, fed by a Holley 4150 four-barrel carburetor. A C4 SelectShift automatic transmission was available as an option. All cars were fastback coupes, of which 1,175 were built. A convertible was offered for the first time in 1968, when the GT350 engine became a modified 302, now putting out 250 brake horsepower in basic tune, or 335 in high performance garb.

For 1969, Shelby put a new grille and hood on the Mustang. The GT350 now used a Windsor 351-cubic inch V-8, rated at 290 brake horsepower with an Autolite four-barrel. This same engine was also one of many choices for the standard 1969 Mustang. Available options were SelectShift Cruise-O-Matic, air conditioning, tinted glass, a tilt steering wheel, and either AM or AM/FM radios and a tape player. Production comprised 1,085 coupes and 194 convertibles.

This Shelby GT350 comes with a complete history from new. Produced on May 7, 1969, it was delivered through East Point Ford in East Point, Georgia. According to the Marti Report and Shelby Automotive invoice, as ordered, it was painted in Black Jade with a blackout hood treatment and black Clarion knit and Corinthian vinyl high-back bucket seats, an FMX transmission, a 3.00 to 1 Traction-Lok rear axle, power front disc brakes, power steering, tilt-away steering wheel, Selectaire air conditioning, an AM/FM stereo, and tinted glass. Additional equipment includes Lucas fog lights with covers, a fold-down rear seat, a padded roll bar with shoulder harnesses, sequential turn signals, and functional brake scoops.

In the same ownership of a former Mustang Club of America judge for many years, the car appears as new, following a recent restoration. The odometer shows 75,189 miles, which are understood to be original. All contours are correct, the paint is in excellent shape, and the interior has no visible flaws. It bears the iconic gold reflective side stripes on the lower body and the requisite Carroll Shelby signature on the glove box door.

This car is accompanied by the original factory invoice, Marti Report, and inclusion in the Shelby World Registry. There is also an album of photos taken during the recent restoration, at which time the color was changed to the present red. It has been inspected by Jim Wicks, Regional Director of the Shelby American Auto Club, and found to be authentic and correct.

Carroll Shelby terminated his relationship with Ford during the summer of 1969, and the production of Shelby Mustangs ceased, although a few were re-titled as 1970 models. One of the last and most identifiable Shelby Mustangs, with a complete history and documentation, this car presents an exciting and rare opportunity.