1968 Shelby GT 500 KR ConvertibleSOLD

RM Auction - Vintage Motor Cars at Amelia Island - March 10, 2007

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ESTIMATE: $175,000 - $225,000

$225,500 Sold

335hp, Cobra-Jet 428 cu. in.vee eight-cylinder engine, Top Loader four-speed manual transmission, front and rear independent competition suspension with staggered rear shock absorbers and four-wheel power disc brakes. Wheelbase: 108"

Ford executives in Dearborn, Michigan, were sick of hearing about the big block Chevelle’s success on the nation’s drag strips. They needed to develop a Ford that could beat the Chevy head to head. So they turned to their old speed partner, Carroll Shelby, to remedy their problems.

Although, Shelby’s 360 horsepower, 428 cubic inch GT 500 was a formidable performer, when the special Cobra-Jet engine was developed, Shelby realized the GT 500 had room for improvement. Thus the GT 500KR “the King of the Road” was born, powered by a pavement eating Cobra-Jet 428 engine that was suspiciously rated at only 335 horsepower (this modest rating was an attempt by Shelby to fool the competition and the insurance companies). In fact, the engine pumped out at least 400 horsepower and 440 foot-pounds of torque.

The KR included a number of engine modifications over the 428 Police Interceptor engine in standard GT 500s. The Cobra-Jet engine had low-riser heads from the famed 427 Ford engine, 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.

In 1968, only 517 Shelby GT 500KRs were produced, making them a rare find today. Finished in Acapulco Blue with a black interior and white top, the matching numbers 1968 Shelby GT 500KR Convertible presented here was the recipient of a total nut and bolt rotisserie restoration to exacting concours standards. The well-documented restoration was completed using only original or NOS parts to ensure that the authenticity of this example was not in any way compromised. Since the restoration was completed, the car has only been driven 2,535 documented miles.

Attesting to the quality of the restoration, the Shelby was awarded the Mustang Club of America Gold Award in the Thoroughbred Class five times successively between 1993 and 1998 with a best showing of 699 out of a possible 700 points. At the Shelby American Automotive Club national meet in Watkins Glen, July of 1993, the GT 500KR Convertible won the Premiere Division Concours. The Shelby was also a SAAC Concours Gold winner in 1998. At a regional Mustang and Ford show in 2003, the Shelby was awarded Best Paint, and at its most recent showing, in 2004 the GT 500KR Convertible earned the Best in Show award at the 8 Flags Car Show. Having always been stored in a climate-controlled environment, the restoration has remained impressively preserved.

With only 45,930 miles on its original matching numbers powertrain, full documentation of ownership and a listing in the Shelby American World Registry, this car comes with everything a perspective collector is looking for, including a Marti Elite Report which proves that this car is correct from top to bottom. A truly excellent example, the sale of this GT 500KR Convertible presents a rare opportunity to purchase what many enthusiasts consider to be the best Shelby, “The King of the Road.”

Reference Number 6333

as of 1/21/2007

Car 1968 Shelby GT 500 KR Convertible
VIN 8T03R21331104037 
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