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1968 Shelby Mustang GT500 KR Coupe

  • Chassis Number: 8T02R203131-02368
The Shelby Mustang GT500KR or 'King of the Road' was fitted with a 428 cubic-inch Cobra-Jet engine. It was listed by the factory at 335 horsepower, but in reality it was closer to 400 horsepower.

This example is one of only 83 GT500KRs original painted Candy Apple Red, one of only seven with saddle interior, and one of only four with factory A/C with saddle interior. It has been given a non-expense spared Concours quality full rotisserie restoration and is in excellent condition. It has a four-speed gearbox, front disc and rear drum brakes, and a wheelbase that measures 108-inches. The engine has aluminum heads and a factory PI intake manifold resulting in a boost in horsepower to approximately 500 (dyno). During the restoration it was converted to a four-speed using only fully rebuilt date coded factory parts. The restoration work was completed on March 5th, 2009 and has since only traveled test miles. It has '6FA' Saddle interior, 3.00 rear axle, visibility group, sport deck rear seat, power steering, tilt away steering wheel, air conditioning, AM radio, interior decor group, tinted glass, tachometer, and trip odometer. It has the correct fiberglass nose panels, fiberglass hood with functional scoops and air extraction vents, spoiler, body-side intakes, and sequential turn signal lights. It has the correct roll bar with built in inertia-reel shoulder harness.

In 2009, this GT500KR Fastback Coupe was offered for sale at the Houston Classic Auction in Seabrook, Texas presented by Worldwide Auctioneers. It was estimated to sell for $135,000 - $175,000. Bidding reached $100,000 but was not enough to satisfy the car's reserve. The lot was left unsold.

By Daniel Vaughan | May 2009

2009 Worldwide Auctioneers : The Houston Classic Auction

Pre-Auction Estimates :
USD $135,000-USD $175,000 
High Bid (Lot was not sold)
USD $100,000

1968 Shelby Mustang GT500 KR Auction Sales

Recent Sales of the Ford Mustang GT500 KR

(Data based on Model Year 1968 sales)
1968 SHELBY GT500KR
Chassis#: 8T02R215904
Sold for USD$176,000
  2024 Barrett-Jackson : Scottsdale AZ
 
1968 SHELBY GT500KR
Chassis#: 8T02R20528103254
Sold for USD$165,000
  2024 Barrett-Jackson : Scottsdale AZ
 
1968 SHELBY GT500KR CONVERTIBLE
Chassis#: 8T03R21618404415
Sold for USD$172,700
  2024 Barrett-Jackson : Scottsdale AZ
 
1968 Shelby GT500KR Fastback
Chassis#: 8t02r205377
Sold for USD$187,000
  2024 Mecum : Kissimmee
 
1968 Shelby GT500KR Convertible
Chassis#: 8t03r213315
Sold for USD$187,000
  2024 Mecum : Kissimmee
 
1968 Shelby GT500KR Convertible
Chassis#: 8t03r213318
Sold for USD$187,000
  2024 Mecum : Kissimmee
 
1968 Shelby GT500KR Fastback
Chassis#: 8t02r201799
Sold for USD$176,000
  2023 Mecum : Harrisburg
 
1968 SHELBY GT500KR
Chassis#: 8T02R203130
Sold for USD$275,000
  2023 Barrett-Jackson : Las Vegas
 
1968 SHELBY GT500 KR CONVERTIBLE
Chassis#: 8T03R215892
Sold for USD$205,700
  2023 Barrett-Jackson : Las Vegas
 
1968 Shelby GT500KR Convertible
Chassis#: 8t03r206060
Sold for USD$148,500
  2023 Mecum : Indy
 
1968 Shelby GT500 KR Fastback
Chassis#: 8T02R204785-02932
Sold for USD$162,400
  2023 RM Sothebys : Arizona
 
1968 SHELBY GT500KR CONVERTIBLE
Chassis#: 8T03R210077
Sold for USD$176,000
  2023 Barrett-Jackson : Scottsdale, Az.
 
1968 Shelby GT500KR Convertible
Sold for USD$148,500
  2023 Mecum : Kissimmee
 
1968 Shelby GT500KR Convertible
Sold for USD$288,750
  2023 Mecum : Kissimmee
 
1968 Shelby GT500KR Fastback
Sold for USD$170,500
  2023 Mecum : Kissimmee
 
1968 Shelby GT500KR Convertible
Sold for USD$313,500
  2023 Mecum : Kissimmee
 
1968 Shelby GT500 KR Convertible
Chassis#: 8T03R215971
Sold for USD$179,200
  2022 Broad Arrow Auctions : The Passion for the Drive
 
1968 Shelby GT500KR Convertible
Sold for USD$302,500
  2022 Mecum : Chattanooga
 
1968 Shelby GT500KR Convertible
Sold for USD$236,500
  2022 Mecum : Harrisburg
 
1968 SHELBY GT500 KR FASTBACK
Chassis#: 8T02R21092703800
Sold for USD$253,000
  2022 Barrett-Jackson : Las Vegas
 

Ford Mustang GT500 KRs That Failed To Sell At Auction

1968 Shelby Mustang GT500 KR's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1968 Shelby GT500KR Convertible8T03R2110002024 Worldwide Auctioneers : Scottsdale   
1968 Shelby GT500 KR Convertible8T03R210309-036932024 Bonhams : The Scottsdale Auction $190,000$240,000
1968 Shelby GT500KR Convertible8t03r201722022762024 Mecum : Kissimmee$170,000$230,000$260,000
1968 Shelby GT500KR Convertible 2023 Mecum : Kissimmee$200,000$225,000$275,000
1968 Ford Mustang Shelby GT500 KR8T02R2102472022 GAA : November 2022$165,000  
1968 Shelby GT500KR Convertible 2022 Mecum : Harrisburg$135,000  
1968 Shelby GT500KR Fastback 2022 Mecum : Harrisburg$190,000  
1968 Shelby GT500KR Convertible8T03R2052472022 Worldwide Auctioneers : The Enthusiast Auction   
1968 Shelby GT500 KR Fastback8T02R210212-035962022 RM Sothebys : Fort Lauderdale $200,000$230,000
1968 Shelby GT500 KR 2022 GAA : February 2022$205,000  
1968 Shelby GT500KR Convertible 2021 Mecum : Chattanooga$200,000  
1968 Shelby GT500KR Convertible 2021 Mecum : Orlando$160,000  
1968 Shelby GT500KR Fastback043832021 Mecum : Indy 2021$150,000$200,000$220,000
1968 Shelby GT500KR Convertible025272021 Mecum : Indy 2021$110,000$175,000$200,000
1968 Shelby GT500KR Convertible 2021 Mecum : Indy 2021$160,000$200,000$225,000
1968 Shelby GT500KR Convertible 2020 Mecum : Dallas   
1968 Shelby GT500KR Convertible 2020 Mecum : Kissimmee Summer Special$135,000  
1968 Ford Mustang Shelby GT500 KR 2020 GAA : July 2020$94,000  
1968 Shelby GT500 KR Convertible8T03R2102882020 RM Sothebys : Driving Into Summer $145,000$155,000
1968 Shelby GT500KR Fastback043832020 Mecum : Glendale$160,000  
1968 Shelby GT500KR Convertible029642020 Mecum Auctions : Kissimmee$130,000$150,000$175,000
1968 Shelby GT500KR Convertible022912020 Mecum Auctions : Kissimmee$140,000$150,000$175,000
1968 Shelby GT500KR Convertible025272019 Mecum : Chicago$130,000$185,000$200,000
1968 Shelby GT500KR Convertible038972019 Mecum : Las Vegas$95,000  
1968 Shelby GT500KR Convertible038972019 Mecum : Dallas$100,000  
1968 Shelby GT500KR Fastback041732019 Mecum : Dallas$110,000  
1968 Shelby GT500KR Convertible038972019 Mecum : Harrisburg$110,000  
1968 Shelby GT500KR Convertible038972019 Mecum : Indianpolis$115,000$120,000$140,000
1968 Shelby GT500KR Convertible040802019 Mecum : Kissimmee$250,000$300,000$350,000
1968 Shelby GT500KR Fastback041962018 Mecum : Las Vegas$130,000  

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1968 Shelby Mustang GT500 KR

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