Lot 7
1968 Shelby GT500 Convertible


Selling on Wednesday

CHASSIS NO: 8T03S17958602763

• An original, unrestored time capsule example
• Original interior, paint and sheet metal
• Original engine and drivetrain
• Just 35,618 original miles from new
• Four-hour inspection and photo documentation of car by Kevin Marti, with Marti Platinum Report
• Single family ownership until 2019
• First time ever offered for public sale


1968 Mustang Shelby GT500 Convertible - Marti Report.pdf

428 cid V-8 engine rated at 355 HP, four-barrel carburetor, Ford C6 three-speed automatic transmission, independent front suspension with unequal-length control arms, coil springs, and anti-roll bar, live rear axle with semi-elliptic leaf springs, front disc and rear drum hydraulic brakes; wheelbase: 108”

Of all the famous people associated with motorsports, the name Carroll Shelby is as big as any. Ranking among such greats as Barney Oldfield, Eddie Rickenbacker, A.J. Foyt, and Phil Hill, Shelby not only drove racecars, but he also built them. Shelby’s heyday of building some of the fastest cars on the street were in the 1960s, when powerful GTOs, Mustangs, Corvettes, and Chargers roamed the streets in search of victims. The cars that Carroll Shelby built in that era are legends in the present day; they represent more than speed, as they have become a symbol of American muscle. Brute strength, superior power, and flashy colors were the order of the day for the Shelbys of yesteryear.

Offered here is an exceptional unrestored example from the muscle car era that has an incredible story. This 1968 Shelby GT500 is a timepiece that has been garaged and cared for since the day it was brought home in 1968 when Mr. Robert O’Brien bought it from Chaffee Motors in Redondo Beach, California. Mr. O’Brien used it for only a few years before purchasing a used 1966 Mustang, which became his everyday driver, while the Shelby was retired to the family garage. Mr. O’Brien passed away in 1988 and left the car to a family member on the condition that it be domiciled in the family’s home garage. When Mr. O’Brien’s widow passed on in 2015, it sat until 2018 when it was moved to the present owner’s home. In order to ensure its reliability, the engine was inspected and rebuilt by Gasser’s Garage in Lomite, California. The result is that this Shelby now runs great and is a true pleasure to drive. Most interesting is that this is the first time this Shelby GT500 has ever been offered for public sale. The incredible originality of this GT500 is documented in its Marti Platinum Report and its documentation also contains the original window sticker, build sheet, and dealer invoice, all attesting the authenticity of this time capsule. All identification tags are present and, except for a replaced carburetor, front shock absorbers, and safety equipment such as brake lines, this GT500 still retains its original parts. It also still has its license plate frame from Chaffee Motors and still retains its factory exhaust system. This is a nicely optioned Shelby with power steering, power brakes, and a power convertible top. It’s also equipped with Ford’s nifty “Tilt-Away steering that automatically moves the wheel out of the way when the car is turned off. This Shelby is finished Dark Metallic Green and is believed to still retain its factory original convertible top. It’s also riding on only the second set of tires it’s ever had. The authentic appearance of this GT500 is further enhanced by its factory Shelby rims. The interior is all business with a touch of comfort in the way of nice upholstery and a good amount of woodgrain applique on the dashboard, center console, and steering wheel. All gauges are intact and functional, and the center console gives this Shelby an “all business” look while bucket seats provide comfort. At the heart of this Shelby is the 428 Cobra Jet with 335 horsepower. Ford spared no expense in creating one of the most powerful and durable engines ever built in a production-based automobile. The 428 is mated to a C6 automatic transmission that makes driving a pleasure. The engine bay on this fine Ford is clean and well-sorted with correct colors and the all-important air cleaner emblazoned with the Shelby logo. The muscle car era comes alive in this Shelby GT500 with its attention to fine detail and dedication to authenticity. Prospective buyers should look closely at the preservation of this time capsule in order to fully appreciate its well-kept-up condition.

According to Kevin Marti and the accompanying Platinum Marti Report - "This is one of the finest examples of an unrestored 1968 Shelby. Its value is enhanced by being relatively untouched. Further, it is a desirable GT500, has a popular color scheme, and is a convertible. The rarity of the documents present, along with the rarity of the original parts present put this in the top three of original 1968 Shelbys that I have had the pleasure to observe. This will be a fine piece of automotive history to own and will someday belong in a museum."
We couldn't have said it better ourselves.