Misallocation

1968 Shelby GT500 Convertible

Sold at Mecum Auctions on Jan. 11, 2025, offered with no reserve.

$132,000Confirmed

The price as reported by the house. Hammer price $120,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1968
Make and model
Ford Mustang
Generation
Mustang first generation
Version
Shelby GT500
Gearbox
Automatic
Chassis
8T03S179594
Condition
Good (3)Likely

Condition is our reading of the listing's description on Hagerty's 1 to 4 scale, not an inspection.

This car's full record

Against comparable sales

Below the middle half of 79 comparable sales, 6% under its bottom.

Middle half of sales$127,750 to $240,000
Median$173,000
Sales behind it79Likely

From 79 sales of the Ford Mustang Shelby GT500 (Mustang first generation) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $127,750 and $240,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1968 Shelby GT500 FastbackMecum, Oct. 24, 2026MecumOct. 24, 2026$140,000
1968 Shelby GT500 ConvertibleMecum, May 15, 2026MecumMay 15, 2026$115,000
1968 SHELBY GT500Barrett-Jackson, Jan. 24, 2026Barrett-JacksonJan. 24, 2026$200,000
1968 SHELBY GT500Barrett-Jackson, Jan. 23, 2026Barrett-JacksonJan. 23, 2026$125,000
1968 Shelby GT500 ConvertibleMecum, Jan. 17, 2026MecumJan. 17, 2026$185,000
1968 Shelby GT500 ConvertibleMecum, Jan. 18, 2025MecumJan. 18, 2025$175,000
1969 Ford Shelby GT500 FastbackMecum, Oct. 24, 2026MecumOct. 24, 2026$127,500
1968 Shelby GT500 FastbackMecum, Oct. 24, 2026MecumOct. 24, 2026$270,000

This car's historyLikely

Matched across sales by chassis number.

DateWhat happenedWhereMilesPrice
Jan. 11, 2024SoldMecumMecum$121,000
Jan. 11, 2025Sold (this sale)MecumMecum$132,000