The 1968 Shelby Mustang GT500KR Convertible remains one of the most desirable muscle cars of its era. Known as the “King of the Road,” it combined striking design, rarity, and high-performance engineering. This example is especially remarkable, as it is one of only 518 convertibles produced for the model year and one of just two finished in WT6066 Yellow with Saddle upholstery. The 1968 Shelby Mustang GT500KR Convertible embodies both exclusivity and power, making it a standout classic.
Rare Styling and Exclusive Details
Shelby added the GT500KR to its lineup mid-way through 1968. While it shared many features with the GT500, the KR stood apart with a stronger Cobra Jet engine and distinctive styling. The exterior design includes an SMC fiberglass hood with functional ram-air scoop, grille-mounted Lucas lights, sequential taillights, a rear spoiler, and quarter panel scoops. This example has been carefully restored and retains its striking yellow paint paired with a white power-operated soft top.
Interior Built for Style and Comfort
Inside, the convertible reflects Shelby’s premium touch. The front bucket seats feature Saddle upholstery, while woodgrain accents bring warmth to the cabin. Equipped with the Interior Décor and Visibility groups, the car adds thoughtful touches such as courtesy lighting under the dash and illumination in the trunk and glovebox. A woodgrain tilt-away steering wheel, paired with classic instrumentation and additional Stewart-Warner gauges, completes the driver-focused layout.
Legendary Cobra Jet Performance
Under the hood, the 428ci Cobra Jet V8 takes center stage. Factory rated at 335 horsepower and an impressive 440 lb-ft of torque, it delivered exhilarating straight-line speed. The Holley four-barrel carburetor ensured strong performance, while the three-speed automatic transmission paired with a 3.00 rear end made it an accessible yet thrilling drive. The GT500KR also benefitted from heavy-duty suspension with coil springs, an anti-roll bar up front, and leaf springs in the rear, giving it stability and control.
Restoration and History
This GT500KR underwent a comprehensive restoration between 1998 and 2003, ensuring both mechanical integrity and visual authenticity. Originally delivered to Bill Watkins Ford, it is believed to have remained with its first owner until the late 1990s. Its history is well-documented, supported by an Elite Marti Report and a National Shelby Registry certificate. A binder of historical documents and removed parts accompanies the car, adding depth to its provenance.
A Rare Shelby Convertible
With fewer than 42,000 miles showing on the odometer, this Shelby is not only rare but also exceptionally preserved. Its distinctive color combination, Cobra Jet power, and convertible body style make it a highly collectible model. For enthusiasts, the 1968 Shelby Mustang GT500KR Convertible represents the pinnacle of late-1960s muscle car performance and design.
Summary
The 1968 Shelby Mustang GT500KR Convertible is more than a muscle car, it is an icon of American performance and style. With its rare configuration, restored condition, and legendary 428 Cobra Jet V8, it stands as one of the most collectible Shelbys ever built.
Disclaimer: Information provided is based on available details of the 1968 Shelby Mustang GT500KR Convertible and is intended for general knowledge only.
Source & Details: bringatrailer.com
