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Wyo Shelby

1968 Shelby GT 500

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I have some friends that inherited a 1968 Shelby GT500.  It has a 428 Cobra Jet engine with a 4 speed.  They stated that they would be the second owners and the car has about 81,00 original miles.  It appears to be in good shape and looks to be all original.  They are thinking of selling it but have no idea of what to ask.  Any ideas?

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Edited by Wyo Shelby

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Looks like a decent driver.

First item, it is NOT a CJ, that was the KR. This is a 428PI (Police Interceptor) 

I'd lose the rear louvers. 

Acapulco Blue is a real plus on these cars and a fan favorite. 

Contact bret@capecodmustang.com 

You'll need a little more history to get a hard number (ie: is driveline original etc) 

 

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You should also inquire at the SAAC forum.  This forum doesn't like it in web form so go to www <dot> saacforum <dot> com.  That community specializes in the classic Shelby cars.  This forum focuses mostly on the modern era vehicles. 

 

Good luck.

 

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WyoShelby,

If the car is as you've described it would probably be best to have your friends sell the car through one of the large auction houses like Barrett-Jackson, Mecum, Russo & Steele, etc. Yes there will be auction fee's associated with the sale but the net result will likely be more than your friends will get for the car selling it on their own considering their lack of vintage Shelby knowledge.

Unfortunately the vintage Shelby's attract some "buyers" who will want to buy the car just so they can immediately flip it for a profit. On the surface there is nothing wrong with that except some of these "buyers" will say things that are not necessarily true so they can get the car from your friends at a lower price  just so that they can maximize their profit from immediately reselling the car.

It does not sound like your friends have the experience to fend off these type of "buyers" and may be taken advantage of.

Steven

 

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2 hours ago, SAI-Steven said:

WyoShelby,

If the car is as you've described it would probably be best to have your friends sell the car through one of the large auction houses like Barrett-Jackson, Mecum, Russo & Steele, etc. Yes there will be auction fee's associated with the sale but the net result will likely be more than your friends will get for the car selling it on their own.

Unfortunately the vintage Shelby's attract some "buyers" who will want to but the car just so they can immediately flip it for a profit. On the surface there is nothing wrong with that except some of these "buyers" will say things that are not necessarily true so they can get the car from your friends at a lower price  just so that they can maximize their profit from immediately reselling the car.

It does not sound like your friends have the experience to fend off these type of "buyers" and may be taken advantage of.

Steven

 

Very good advice 

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Since the Car has been repainted sometime in its life, check the Paint Code to make sure that Acapulco Blue is in deed the factory color.  (Fender Bolts are painted).

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The car has had some changes made.  The Koni (orange) are not original to the 68 GT500.  Should be white or blue Gabriels, depending on trans.  Without more detailed info on the car,  a decent estimate of value is impossible to obtain.  It needs to be inspected by someone wiht exertise in these a=cars that can give it an appraisal. Knowin "what it's worth" is meaning less without an inspection and comparison to the the market for 68 GT500 in cpmparable condition.  It should be evaluated for a good market price for he seller.

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Thanks for all the information.  I know nothing about these cars but I will pass all the info to the owners.

 

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The seller would do well to spend the time to read up on the details about these legendary cars.  There are many magazine articles and books that cover the 1968 Selby Mustang, but the best investment right now would be a copy of SAAC World Registry for 1968-69-70 Shelbys.   It is available from many vendors like Tony Branda, Virginia Mustang and many others.  😎

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