This could be the year that Shelby-badged cars again rise in value, likely due to the release of the movie Ford v. Ferrari, or as a friend of mine calls it, Ford v. Shelby.
Last week, the Pick of the Day was on the sharp end of the Shelby pantheon with an original 289 Cobra. This week, I wanted to focus on a car that while still expensive, is considerably more affordable than the Cobra, a 1967 Ford Shelby Mustang GT500 offered on ClassicCars.com by a private seller in Butler, Missouri.
The GT500 features the first year of the restyled Mustang body, which was a bit larger that the first design and had considerably more-aggressive styling. The Shelby Mustangs built in 1967 would be the last built in the Shelby garage in California because in 1968, production of Shelby Mustangs moved to the Ford assembly line.
As a result, many die-hard Shelby fans consider the ’67 cars to be the last true Shelby Mustangs.
One thing you need to be aware of with all Shelby Mustangs is to ensure the car you are buying is the authentic item. This is because there are quite a few fake cars out there, run-of-the-mill Mustangs that were made to resemble real Shelbys. Documentation and ownership history of a given car are immensely important.
This GT500 checks out as a fully documented real deal. According to the seller, it was delivered to Stockton Quincy Ford on 9/14/67 and sold to RJM Leasing for the actor Howard Duff, who owned and drove it for more than 28 years.
It is also reported that this very Shelby Mustang was originally tested for the ’68 movie Bullitt. Due to the high cost of Shelby vehicles, it was deemed impractical due to the damage it could sustain during movie production, so a Mustang GT was used instead.
The next owner of this fastback was SAAC rep Bob Johnson, who purchased the car from Duff’s widow, Judy Duff.
The car remains in mostly original condition, the seller says, with its original engine, close-ratio toploader gearbox, and 10-spoke alloy wheels, including the spare.
Johnson had the paint restored by John Schwadtner of Muscle Cars Unlimited, the seller notes. Since he was involved with the Shelby club, it could be assumed that he had it done correctly.
The car still has its rare original roll-bar seat belts, wood-rim steering wheel, fold-down rear seat, 3:50 posi 9-inch rear end, Carlite glass and deluxe interior.
Importantly, this GT500 comes with all its original paper work, including order delete sheet, warranty card, title, California black plates, and invoices from Howard Duff, and it has a Marti report that this car is exactly as represented.
Back to the link with Ford v. Ferrari. The 1967 GT500 came with a 427 cid Cobra Le Mans engine that was the street-tuned version of the same engine that Shelby’s racing team used to sweep the top three places at the 24 Hours of Le Mans in 1966.
Only 2,048 of the 1967 GT500s were built, and this one with an asking price of $180,000 or best offer looks to be a strong deal that could well increase in value during the coming year.
To view this listing on ClassicCars.com, see Pick of the Day.