Misallocation

1968 Shelby GT500KR Convertible

Sold at Mecum Auctions on March 21, 2026.

$203,500Confirmed

The price as reported by the house. Hammer price $185,000, 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 GT500KR
Gearbox
Automatic
Chassis
8T03R211002
Condition
Excellent (2)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

Inside the middle half of 46 comparable sales.

Middle half of sales$170,625 to $260,750
Median$205,500
Sales behind it46Likely

From 46 sales of the Ford Mustang Shelby GT500KR (Mustang first generation) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $170,625 and $260,750.

Closest sales

Closest comparable sales
CarAuctionDatePrice
53-Years-Owned 1968 Shelby Mustang GT500KR ConvertibleBring a Trailer, Oct. 20, 2026Bring a TrailerOct. 20, 2026$266,000
1968 Shelby Mustang GT500KR ConvertibleBring a Trailer, Oct. 9, 2026Bring a TrailerOct. 9, 2026$200,000
23-Years-Owned 1968 Shelby Mustang GT500KR ConvertibleBring a Trailer, Sept. 17, 2026Bring a TrailerSept. 17, 2026$232,650
1968 Shelby GT500KR FastbackMecum, May 16, 2026MecumMay 16, 2026$185,000
1968 Shelby GT500KR FastbackMecum, Jan. 16, 2026MecumJan. 16, 2026$175,000
1968 Shelby GT500KR ConvertibleMecum, Jan. 16, 2026MecumJan. 16, 2026$185,000
1968 Shelby GT500KR ConvertibleMecum, Jan. 15, 2026MecumJan. 15, 2026$216,000
1968 Shelby GT500KR FastbackMecum, Jan. 15, 2026MecumJan. 15, 2026$187,500

This car's historyLikely

Matched across sales by chassis number.

DateWhat happenedWhereMilesPrice
Oct. 18, 2025SoldBarrett-JacksonBarrett-Jackson$132,000
March 21, 2026Sold (this sale)MecumMecum$203,500