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1968 Ford Mustang GT500KR Convertible

428ci Cobra Jet V8 (~400–425 HP) | Acapulco Blue over Black | ~5 Miles Since Restoration | Steel Wheels & Hubcaps Included

Lot # 5740
Location Homer Glen, IL 60491
Seller Dealer
71024
428 Cobra Jet V8
3-Speed Automatic
Acapulco Blue
Black
8T03R21321603941
Opening Bid: $1,000 Starting In:
Questions

1968 Ford Mustang Shelby GT500KR Convertible — Marti Report-Verified Restoration

Here is one of the most coveted Shelby Mustangs ever built, presented exactly the way discerning collectors dream of finding one — an immaculate 1968 Ford Mustang GT500KR Convertible finished in a smooth coat of Acapulco Blue over a black interior with a crisp white vinyl top. This is the car that crowned the Shelby lineup, where “KR” stands for King of the Road, and beautifully restored examples like this rarely surface on the open market. Meticulously restored per the included Marti Report and driven only about five miles since, this GT500KR is about as close as you can get to a factory-new ’68. Drop the white power top, fire that thunderous 428 Cobra Jet to life, and imagine adding this museum-grade Shelby to your own collection.

Highlights

  • Legendary GT500KR — the “King of the Road,” the top of the Shelby line for 1968
  • Marti Report-verified restoration completed with the only deviation being the currently fitted alloy wheels
  • Only about 5 miles added since the restoration was completed in the early 2000s — essentially factory-new presentation
  • Striking Acapulco Blue paint over a black interior with a sophisticated white vinyl power convertible top
  • Original steel wheels and correct hubcaps included, letting you return the car to full factory-correct form
  • Museum-grade throughout, with an underside as clean as the top and a recent tune-up prepping it for its next owner

Engine & Performance

  • 428 cubic inch Cobra Jet V8 — factory-rated at 335 horsepower, with independent tests estimating a genuine 400–425 hp
  • The classic late-’60s under-rating for insurance purposes, masking the KR’s true, monstrous output
  • Heavy-duty suspension delivering the composed, purposeful handling befitting the King of the Road
  • Strut tower brace adding rigidity and sharpening front-end response
  • Power front disc brakes providing confident, sure-footed stopping power
  • Power steering for easy, refined control around town and on the open road
  • Recent tune-up ensuring this GT500KR fires up eagerly and runs like a top

Exterior

  • Smooth Acapulco Blue finish flowing across the Shelby’s aggressive, unmistakable bodywork
  • White vinyl power convertible top completing a classic, sophisticated color combination
  • Lightweight fiberglass hood and trunk lid — genuine KR-package hallmarks
  • Hood pins reinforcing the car’s purposeful, performance-bred presence
  • Radial tires mounted on the currently fitted alloy wheels for a clean, confident stance
  • Head-turning Shelby presence at every concours lawn, cruise night, and collector gathering

Interior

  • Handsome black interior beautifully restored to correct, period-faithful presentation
  • Comfortable bucket seats delivering a driver-focused, sporting cockpit
  • Factory tachometer and 140-mph speedometer — signature KR instrumentation built for serious speed
  • Integrated roll bar reflecting the KR package’s performance-first character
  • Heater and defroster adding welcome year-round convenience
  • Well-preserved cabin made for open-top enjoyment of the road ahead

Documentation

  • 1968 Ford Mustang Shelby GT500KR Convertible
  • 428ci Cobra Jet V8 — factory-rated 335 hp, independently estimated 400–425 hp
  • “KR” King of the Road package
  • Marti Report-verified restoration (started mid-1990s, completed early 2000s)
  • Only approximately 5 miles since restoration
  • Acapulco Blue paint
  • Black interior
  • White vinyl power convertible top
  • Fiberglass hood and trunk lid
  • Roll bar
  • Heavy-duty suspension
  • Strut tower brace
  • 140-mph speedometer
  • Factory tachometer
  • Power front disc brakes
  • Power steering
  • Hood pins
  • Bucket seats
  • Heater/defroster
  • Radial tires
  • Alloy wheels currently fitted; original steel wheels and correct hubcaps included
  • Immaculate, exceptionally clean underside
  • Recent tune-up

Ready to add a museum-grade, Marti Report-verified GT500KR — the ultimate expression of Shelby’s King of the Road — to your collection? Serious inquiries welcome.

 

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Item condition: New

Auction has not been started yet.

Start On: 07/13/2026 12:00 am EDT

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Ending On: 07/20/2026 3:00 pm EDT

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Auction starting 07/13/2026 12:00 am EDT
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