1968_Shelby_GT500_KR_Convertible_1 1968_Shelby_GT500_KR_Convertible_2 1968_Shelby_GT500_KR_Convertible_3 1968_Shelby_GT500_KR_Convertible_4 1968_Shelby_GT500_KR_Convertible_5 1968_Shelby_GT500_KR_Convertible_6 1968_Shelby_GT500_KR_Convertible_7 1968_Shelby_GT500_KR_Convertible_8

  • Shelby no. 04080
  • Approx price: $350,000 – $400,000
  • 1 of 57 GT500KR Convertibles produced with 4-speed transmission and factory air conditioning
  • Delivered new to Schmidt Ford Sales in Baltimore, Maryland
  • Comprehensive restoration completed by Michael’s Auto Restoration in Winter Haven, Florida
  • Matching numbers 428 CI engine
  • 3.00 Traction-Lok differential
  • Power steering
  • Power brakes with front discs
  • Acapulco Blue with White stripes
  • Black interior and White convertible top with glass backlite
  • Tilt-away steering column
  • AM radio
  • Roll bar
  • Visibility group
  • Shelby 10-spoke wheels
  • Goodyear Polyglas tires
  • Glovebox door signed by Carroll Shelby
  • Copy of original build sheet
  • Marti Report

Fresh from a comprehensive restoration by Michael’s Auto Restoration in Winter Haven, Florida, this 1968 Shelby GT500KR Convertible is a prime example of one of the most collectible of Shelby Mustangs. Resplendent in Acapulco Blue with a black interior, the GT500KR is one of only 57 convertibles produced with the 4-speed and air-conditioning combination. It has the popular Lemans stripes in white and 10-spoke Shelby aluminum wheels with Goodyear Polyglas tires. According to its entry in the Shelby American Automobile Club’s “Shelby Registry,” 1968 Shelby No. 04080 was delivered new to Schmidt Ford Sales in Baltimore, Maryland, and sold to original owner R. Young. Ford introduced the 428 Cobra Jet engine for the Mustang at mid-year 1968, leading to the quick decision to replace the 1968 Shelby GT500’s Police Interceptor 428 with the new but conservatively rated 335 HP big-block. To differentiate the Cobra Jet-powered Shelbys from the earlier versions, Carroll Shelby famously beat General Motors to the “King of the Road” name, thus the KR designation in the side stripes. Like all 1968 Shelbys, the GT500KR stood apart from standard 1968 Mustangs with fiberglass body panels, including the hood with its forward-placed scoop—functional for the Cobra Jet’s Ram Air—and a rear end with ducktail spoiler and sequential tail lights from the 1965 Thunderbird. Power steering and power front disc brakes were also part of the package, along with a convertible roll bar and a uniquely padded console, with Stewart Warner gauges added to the Mustang Deluxe interior. This GT500KR convertible is equipped with its matching-numbers 428 Cobra Jet engine. Desirable options include the tilt-away steering column, AM radio and Visibility Group. It has a white top with glass backlite, and the glovebox has been autographed by Carroll Shelby. A Marti Report and copy of the original build sheet come with the car.