Over $120,000 alone was spent on its restoration.
When you're paying upwards of $120,000 for a new car, you can rightly expect to drive off in something special, but this cost alone is what it took to bring the 1967 Ford Mustang Shelby GT500 you see here back to Concours condition. With that in mind, the expected sale price of this authentic, 'matching numbers' GT500 of between £130,000 and £160,000 (around $160,000 to $198,000 at current rates) seems somewhat reasonable, even if it's potentially three times as much as you'd pay for a new Mustang Dark Horse.
This special car will go up for auction on April 26 and is listed by H&H Classics in the United Kingdom. The 1967 Shelby GT500 often finds a spot in lists of the best-ever Mustangs, even if the 1965 Shelby GT350 that started it all often walks away with all the spoils.
This special car features a 428 cu V8 engine fondly known as the Police Interceptor, and it was “conservatively rated” at 355 horsepower and 420 lb-ft of torque. With a 7.0-liter capacity, the V8 could motivate the Fastback to 60 mph in just 6.1 seconds before reaching 132 mph, which was really rapid for the period. The transmission is a four-speed manual.
Only 2,048 examples of these Fastbacks were made, making them extremely valuable. This one started its life in Virginia before moving to Key West. In 1997, a Mustang collector imported it into the United Kingdom.
Later in its life, Alan Faulkener-Stevens, a former design and development engineer at Aston Martin, was responsible for the refurbishment of this beauty. This involved removing the original Shelby panels fashioned from fiberglass and stripping the bodyshell to its bare metal.
Mechanical updates included an overhaul of the V8, which was also 'stroked' and later showed to deliver 437 hp and 525 lb-ft based on dyno sheets. A McLeod flywheel and clutch assembly were added, while the heavy-duty rear axle was redone with a Ford Traction-Loc LSD and forged driveshafts.
The car was repainted in the original Nightmist Blue Metallic hue, complete with the proper GT500 decals on the sides. Inside, the upholstery was retrimmed, the wood steering wheel rim refurbished, and even an authentic Carroll Shelby signature was sourced for the glovebox.
The car has hardly been used since its overhaul and has mostly been garaged since June 2018. For anyone with the means to acquire something that is pretty close to the famous Eleanor from Gone in 60 Seconds, there are few better examples out there.
Keyword: Restored 1967 Ford Mustang Shelby GT500 Could Top $200,000 At Auction