A 1967 Shelby Mustang GT500 once owned by Carroll Shelby himself has found a new owner after selling for €236,000 (approximately $275,000) on Bring a Trailer. The Wimbledon White fastback attracted lots of attention thanks to its connection with the legendary American racer and automotive entrepreneur.
The car had previously appeared on the auction platform earlier this year but failed to find a buyer. Its latest appearance ended differently, with the auction closing on October 10 and a successful sale recorded.
This particular GT500 is one of 2,048 fastbacks produced for the 1967 model year, making it a desirable classic even without its famous ownership history. Under the hood sits Ford’s legendary 428-cubic-inch V8, paired with a four-speed manual transmission.
Its appeal, however, goes well beyond the engine and limited production numbers. Carroll Shelby personally owned the car around the turn of the millennium and made a few modifications to improve its usability, leaving behind an unusually interesting piece of Mustang history.
From Contest Prize To Carroll Shelby’s Garage
The GT500 originally left the factory in February 1967 and was delivered to City Motors in National City, California. According to the accompanying documentation, its first owners acquired the Mustang after winning it in a contest.
The car later belonged to California racer Chuck Jones before Carroll Shelby and Shelby specialist Stephen Becker purchased it around 1999. During Shelby’s ownership, a period-style air conditioning system was installed, making the powerful muscle car a little more comfortable to drive.
Shelby’s signature also appears on the glovebox lid and the trunk floor cover. Correspondence between Becker and Shelby American Automobile Club registrar Dave Matthews helps document the car’s ownership history and subsequent modifications.
A 428 V8 With Plenty Of Old-School Muscle
Power comes from a 428-cubic-inch (7.0-liter) Police Interceptor V8, originally equipped with dual four-barrel Holley carburetors. Ford rated the engine at 355 horsepower and 420 lb-ft of torque, with power delivered to the rear wheels through a four-speed manual transmission.
The engine is believed to have undergone some work during the late 1980s, and aftermarket headers have since replaced its original exhaust manifolds. Its current carburetors are also mismatched, although the removed manifolds and emissions equipment accompany the car.
The GT500 still has its distinctive fiberglass hood, side scoops, rear spoiler, and signature Shelby stripes. Its Wimbledon White paint dates to a repaint completed in the late 1980s rather than a recent restoration.
A Well-Preserved Classic With A Few Modifications
The Mustang rides on 15-inch aluminum 10-spoke wheels wearing BFGoodrich tires, while Koni shock absorbers complement its heavy-duty suspension. Power steering and power-assisted front disc brakes were among the car’s factory equipment.
Inside, black vinyl upholstery covers the bucket seats and fold-down rear seat, although the driver’s seat has been reupholstered. A woodgrain steering wheel, AM/FM radio, roll bar, and shoulder harnesses complete the cabin.
The odometer displays approximately 59,000 miles, with around 4,000 reportedly added under the ownership of the seller’s client. The car was exported to Greece after its current owner acquired it in 2011 and has since been kept as part of a collection.
A Second Auction Attempt Finally Finds A Buyer
The GT500’s May appearance on Bring a Trailer ended without a sale despite a €226,000 high bid. Five months later, the same Mustang returned and sold for €236,000, just €10,000 above the previous unsuccessful bid.
Its documentation includes an Elite Marti Report, Shelby registry certificates, service records, and correspondence supporting its connection to Carroll Shelby. The original window sticker also records a factory price of $4,877.42, a striking contrast to its latest auction result.
While this isn’t an untouched, factory-original example, the modifications and ownership history give it a character of its own. After all, not many classic Mustangs can claim Carroll Shelby as a former owner, complete with his signature and modifications he commissioned.