Ford Mustang Shelby GT500 Convertible

1968 to 1969 · Convertible · 402 built

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Shifty Estimate

$126,500

Low confidence · $95K to $158K

Median · 12 mo: $132,000
Sales · 12 mo: 4
Market cap: $50.9M · 402 built
Original MSRP: $4,317Up 2830% since new

Collectible

1968 Ford Mustang Shelby GT500 Convertible, sold May 2026

Sold$126,500 · Mecum Auctions · May 2026

The market

Every recorded 1968 Ford Mustang Shelby GT500 Convertible sale, by date and price

May 2026 · Mecum Auctions

$126,500 · Sunlit Gold

See this car

Sold Bid to, not sold

3 sales · 1 unsoldmedian $132kupdated May 2026

Latest results

The newest 1968 Ford Mustang Shelby GT500 Convertible sales with photographs

1968 Ford Mustang Shelby GT500 Convertible, sold Dec 2024

Sold $142,000

1969 · Red · 32,000 mi

Dec 3, 2024 · Bring a Trailer

1968 Ford Mustang Shelby GT500 Convertible

Every 1964 to 1973 Mustang

Sold prices, last 12 months · Oct 20, 2026

Every 1964 to 1973 Mustang. Sold prices, last 12 months · Oct 20, 2026
	Shelby GT500 Convertible1968 to 1969	Boss 3511971	428 Super Cobra Jet1969 to 1970	Boss 3021969 to 1970	Boss 4291969 to 1970	Mach 11969 to 1973	428 Cobra Jet1968 to 1970	California Special1968	GT Convertible1965 to 1969	GT Fastback1965 to 1969	Base Convertible1964 to 1973	Fastback1964 to 1973	GT1964 to 1973	Hardtop1964 to 1973
Shifty Estimate	$126,500Low confidence	$62,000	$131,000Low confidence	$77,200	$419,400	$66,700	$99,800	$33,800	$48,300	$74,600	$30,100	$71,400	$26,100	$15,700
Sold median	$132,0004 sales	$59,0005 sales	$131,0003 sales	$76,00011 sales	$410,0007 sales	$59,70060 sales	$95,7508 sales	$34,7508 sales	$47,00015 sales	$72,52816 sales	$27,50036 sales	$66,000153 sales	$30,000303 sales	$20,75042 sales
12-month move	Too few sales to call	Too few sales to call	Too few sales to call	Down 4.4%	Up 16.8%	Up 32.7%	Too few sales to call	Too few sales to call	Up 5.6%	Too few sales to call	Up 7.8%	Up 9.6%	Up 1.9%	Down 10.0%
For sale	None	None	None	None	None	None	None	None	None	None	None	None	None	None

Other Mustang generations

Specifications

Engine: V8, 7.0L
Power: 335 hp
Torque: 440 lb-ft
0 to 60: 6.5 s
Top speed: 130 mph
Transmission: Manual
Drivetrain: RWD
Production: 402 built
Original MSRP: $4,317

Common questions

How much does a Ford Mustang Shelby GT500 Convertible cost?

A 1968 Ford Mustang Shelby GT500 Convertible cost $4,317 new. Over the past 12 months, 4 have sold publicly at a median of $132,000. The Shifty Estimate for a well-kept example is $126,500. Cars have changed hands anywhere from $94,875 to $158,125, depending on mileage, color, and history.

What is a 1968 Ford Mustang Shelby GT500 Convertible worth today?

The Shifty Estimate is $126,500. We rate confidence low: 4 public sales in a year is not enough to be firm, and the honest range is wide. Treat it as a starting point, not a valuation.

Is a Ford Mustang Shelby GT500 Convertible a good investment?

It has appreciated 2830% against its $4,317 list price. Only 402 were built. The caution is spread, not direction: across the sales we have on file, prices ran from $100,000 to $268,800, and mileage explains most of that.

How many Ford Mustang Shelby GT500 Convertible have sold?

Shifty has 6 public sales of the Ford Mustang Shelby GT500 Convertible on file. The earliest was on Jun 5, 2023.

What is the most expensive Ford Mustang Shelby GT500 Convertible sold?

The highest public sale on file is $268,800.

What has a Ford Mustang Shelby GT500 Convertible sold for at auction?

The 3 most recent public sales we have on file:

$126,500May 15, 2026Sunlit Gold
$142,000Dec 3, 2024Red · 32,000 mi
$204,000Jun 5, 2023Green · 87,000 mi

About the 1968 Ford Mustang Shelby GT500 Convertible

The '68-'69 Shelby GT500 Convertible represents the apex of first-generation Mustang performance, combining Carroll Shelby's racing DNA with open-air thrills. Under the fiberglass hood lurks Ford's legendary 428 Cobra Jet V8, officially rated at 335 horsepower but widely acknowledged to produce significantly more. Shelby's modifications included a functional Ram Air induction system, reinforced suspension, and distinctive styling cues like the aggressive front spoiler and side scoops. Production was limited to just 1,044 convertibles across both model years, making these among the rarest factory Shelbys. The '68 featured unique sequential taillights, while the '69 received subtle refinements. Today, these convertibles command serious money at auction, with concours examples breaking six figures. Their combination of period racing credibility, drop-top appeal, and extreme rarity makes them blue-chip investments in the muscle car hierarchy.