Monday, May 22, 2023

1968 Shelby GT500KR Convertible - $148,500

33,125 miles. 1 of 518 GT500 KR convertibles produced in 1968. 1 of 215 equipped with an automatic transmission. Part of the Shelby Registry. Glovebox signed by Carroll Shelby. 428/335 HP Cobra-Jet Ram Air V-8 engine. Aluminum intake manifold. Ford high performance 427 heads and valve springs. 10.6:1 compression ratio. Holly 4-barrel carburetor. Raven Black exterior. Power white convertible top.

The 1968 Shelby Cobra GT500KR was a mid-year introduction based on the 1968 Shelby GT500. KR, short for 'King of the Road,' was a marketing move by Carroll Shelby.
Cobra referred to the 428 Cobra Jet V-8 under the KR's custom fiberglass hood. Ford rated horsepower at 335hp, with 440 pounds-feet. Real output was closer to 400hp.
The GT500KR was sold for around $4,600. Adjusted for inflation that would be a serious bargain of $8,000 today.
The cover of the October 1968 issue of Car Life magazine asked: “Shelby’s GT500 KR — was it worth stealing?” The car promised by Ford was stolen just before delivery. It was recovered but was so badly damaged that another car had to be brought in. Car Life saw 0–60 in 6.9 seconds and the quarter-mile in 14.57 at 99.55 mph.

These cars have enjoyed a spectacular increase in value over the past decade. Haggerty suggests a #1 concours 1968 Shelby GT500KR is trending around $278k.This example appears at Mecum.