Lifestyle

Rare 1968 Shelby Mustang GT500 Convertible Hits the Market with a Freshly Rebuilt Engine

Alice Lee
Junior Editor
Updated
July 21, 2025 4:24 AM
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This Shelby Mustang is one of 402 GT500 convertibles built for the 1968 model year, and a rebuilt 428ci V8 was installed following the current owner's acquisition on BaT in June 2020. The car was initially sold by Carey Paul Ford of Decatur, Georgia, before i…


Why it matters
  • The 1968 Shelby Mustang GT500 convertible is a rare model, with only 402 units produced, making it a coveted collector’s item.
  • The recent engine rebuild ensures that this classic car not only holds historical significance but also offers reliable performance for enthusiasts.
  • The vehicle's provenance, including its original dealership sale, adds to its appeal and value among classic car collectors.
In the realm of classic automobiles, few names command as much respect as Shelby, and the 1968 Shelby Mustang GT500 convertible is a shining example of American automotive excellence. Recently, one of these rare models has come to market, captivating both collectors and car enthusiasts alike. This particular GT500 convertible is one of only 402 units built during the 1968 production year, which significantly enhances its status as a collectible.

The story of this Mustang begins with its original sale by Carey Paul Ford in Decatur, Georgia, where it first made its mark in the automotive world. Fast forward to June 2020, when the current owner acquired this classic through Bring a Trailer (BaT), a popular platform for buying and selling unique vehicles. With its new owner, the car underwent a meticulous engine rebuild, replacing the original powertrain with a robust 428 cubic inch V8. This upgrade not only revitalizes the car’s performance but also maintains the spirit of muscle car power that Shelby is known for.

The Shelby Mustang GT500 is renowned for its combination of style, power, and cutting-edge engineering. When it first hit the market, it was a revolutionary vehicle that showcased the capabilities of American muscle. The 428 V8 engine that has been installed in this particular model is a testament to this legacy, offering an exhilarating driving experience that is difficult to match. For enthusiasts, the sound of the V8 rumbling to life is a nostalgic reminder of a bygone era in automotive history.

This Mustang isn't just a car; it's a piece of history. The 1968 model year is significant for several reasons, including the introduction of new styling features and performance enhancements that set it apart from its predecessors. As muscle car culture flourished during this time, the Shelby Mustangs became symbols of speed and power on American roads. The convertible variant adds an extra layer of appeal, allowing drivers to experience the open air while enjoying the raw power of the engine.

In terms of condition, the car has been well-maintained and shows signs of care from its current owner. The recent engine rebuild has been performed with attention to detail, ensuring that the car not only looks good but also runs smoothly. This aspect is crucial for potential buyers who are looking for a vehicle that they can enjoy on the road without the worry of mechanical failures that often plague older cars.

Moreover, the historical significance of this vehicle is bolstered by its original documentation and provenance. Owning a car that was initially sold by a recognized dealership adds an element of authenticity and prestige. Collectors often seek out these details, as they can greatly influence the value of the car in the long term. With the Shelby Mustang GT500 convertible, buyers are not just investing in a vehicle; they are acquiring a piece of automotive heritage.

As the market for classic cars continues to grow, models like the 1968 Shelby Mustang GT500 convertible are becoming increasingly sought after. Its combination of rarity, performance, and historical significance makes it an attractive option for collectors and enthusiasts alike. As this car hits the market, it serves as a reminder of the golden age of American muscle cars and the enduring legacy of the Shelby name.

In summary, the 1968 Shelby Mustang GT500 convertible represents a unique opportunity for car enthusiasts and collectors. With its limited production numbers, a newly rebuilt engine, and rich history, this classic Mustang is poised to capture the attention of those who appreciate the finer aspects of automotive craftsmanship and performance. As the bidding begins, it will be interesting to see how this iconic vehicle is valued in today’s competitive classic car market.
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