Shelby GT500
The 1967 GT500 is the top-of-the-line Shelby Mustang, packing a big-block 428 V8 for more power and comfort than the GT350. It's prized by collectors as the ultimate '60s muscle car, thanks to its performance and direct link to Carroll Shelby.
Find one with Spotter →Shelby GT500 sold for a median of $203,500 over the last 12 months, based on 54 auction sales; the middle 50% sold between $144,788 and $263,800. 223 currently for sale.
The Shelby GT500 arrived in 1967 as the top-of-the-line Mustang from Carroll Shelby's workshop. It packed Ford's big-block 428-cubic-inch Police Interceptor V8, offering more power and comfort than the small-block GT350. With aggressive fiberglass bodywork and an upgraded interior, it was marketed as a high-performance grand tourer for the discerning driver.
Collectors prize the GT500 for its direct link to Carroll Shelby and its status as the ultimate 1960s muscle Mustang. Its blend of big-block power, iconic styling, and limited production makes it a blue-chip collectible. The 1967 models are often seen as the purest, while the 1968 GT500KR (King of the Road) with its 428 Cobra Jet engine is one of the most desirable variants. Documentation from the Shelby American Automobile Club (SAAC) is crucial for verifying authenticity and value.
The market for genuine GT500s is mature and commands high prices, with an average transaction value of $189,118. Condition, originality, and documentation cause significant price swings. While driver-quality cars can be found, concours-level examples and rare models like the KR or convertibles consistently fetch premium prices at auction.
Buying Tips
- Verify the car's authenticity with the SAAC registry. A genuine GT500 will have its VIN listed, and matching numbers are essential for value.
- Inspect the fiberglass components (hood, front valance, scoops, trunk lid) for cracks, warping, and poor-quality repairs. Proper fit and finish are difficult to achieve.
- Check for rust in common Mustang problem areas, including the floor pans, torque boxes, cowl vents, and rear frame rails, especially around the leaf spring shackles.
- Confirm the engine is the correct 428 V8. The 1968 KR models should have the 428 Cobra Jet, which is a different engine than the earlier Police Interceptor.
- Thoroughly review all documentation. Original invoices, build sheets, and Marti Reports add significant value and prove the car's provenance.
Prices range from $73,000 for project cars to $2,200,000 for the rarest, most significant examples.
1,640 Shelby GT500 vehicles have been tracked across auctions and listings on Hypercars, with 223 currently live.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
Frequently Asked Questions
How much does a Shelby GT500 cost?
Over the last 12 months, Shelby GT500 sold for a median of $203,500 across 54 auction sales tracked on Hypercars; the middle 50% sold between $144,788 and $263,800. There are 223 currently for sale.
How many Shelby GT500 listings are for sale right now?
There are 223 Shelby GT500 listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.