Misallocation

1968 Shelby GT500KR Convertible

Sold at Mecum Auctions on Jan. 17, 2026.

$319,000Confirmed

The price as reported by the house. Hammer price $290,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1968
Make and model
Ford Mustang
Generation
Mustang first generation
Version
Shelby GT500KR
Gearbox
Manual
Chassis
8T03R20320902567
Condition
Good (3)Likely

Condition is our reading of the listing's description on Hagerty's 1 to 4 scale, not an inspection.

Against comparable sales

Above the middle half of 46 comparable sales, 20% over its top.

Middle half of sales$170,625 to $242,500
Median$195,000
Sales behind it46Likely

From 46 sales of the Ford Mustang Shelby GT500KR (Mustang first generation) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $170,625 and $242,500.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1968 Shelby Mustang GT500KR Fastback 4-SpeedBring a Trailer, Oct. 27, 2026Bring a TrailerOct. 27, 2026$211,000
1968 Shelby Mustang GT500KR Fastback 4-SpeedBring a Trailer, Sept. 30, 2026Bring a TrailerSept. 30, 2026$182,428
1968 Shelby GT500KR FastbackMecum, Sept. 26, 2026MecumSept. 26, 2026$270,000
1968 Shelby GT500KR ConvertibleMecum, Sept. 25, 2026MecumSept. 25, 2026$350,000
Supercharged 427-Powered 1968 Ford Mustang GT500CR 900S 5-Speed by Classic RecreationsBring a Trailer, July 27, 2026Bring a TrailerJuly 27, 2026$375,000
1968 Shelby GT500KR ConvertibleMecum, July 25, 2026MecumJuly 25, 2026$165,000
Supercharged Coyote-Powered 1968 Ford Mustang GT500CR 5-Speed by Classic RecreationsBring a Trailer, June 15, 2026Bring a TrailerJune 15, 2026$220,000
1968 Shelby Mustang GT500KR Fastback 4-SpeedBring a Trailer, March 12, 2026Bring a TrailerMarch 12, 2026$180,000