When word trickled down that Ford was going to offer the special, Tasca Ford-developed Cobra-Jet engine as an option for select models, Carroll Shelby made sure it found its way into the GT500. The Cobra-Jet-powered GT500 would be the top-of-the-line Shelby for 1968 — the only question was what to call it. As the story goes, Lee Iacocca had a meeting with Shelby informing him that Chevrolet was about to release a new version of the Corvette called the King of the Road. Shelby had supposedly always wanted to use that name for one of his cars and figured the Cobra-Jet-powered GT500 was the perfect platform. He left the meeting and called his trade dress lawyer in Washington to see if anyone had secured the rights to the name; turns out no one had. Shelby secured the rights and thus, the GT500 KR—the King of the Road—was born.
The Cobra-Jet 428 engine was rated at “just” 335 horsepower as a ruse to fool the competition and the insurance companies. The engine, in fact, pumped out at least 400 horsepower and 440 pound-feet of torque. The KR included several engine modifications over the 428 Police Interceptor engine in standard GT500s, such as low-riser heads from the famed 427 engine, a beefier crank, rods, and pistons. Additionally, the KR had larger brakes, under-hood suspension bracing, and staggered rear shocks to prevent axle wind-up and wheel hop, making the KR the best of the best.
The magnificent 1968 Shelby GT500 KR Fastback featured here was special ordered new on July 18, 1968, under ‘Home Office Reserve’ for a Ford Motor Company executive in gorgeous special ordered yellow over a black interior. Fitted with nearly every available option and a recipient of a no-expense-spared complete nut and bolt, show-winning restoration by Marquis specialist, this stunning Shelby GT500 was just released from a prominent San Diego well-known newscast executive and motorcar collector. Accompanying this investment-grade, show-quality GT500 KR are its original owner’s manual, deluxe Marti report, factory Ford records, build sheet, and service records. We are proud to offer what we believe to be one of the very best examples of a 1968 Shelby GT500 KR Fastback on the market today, to the most demanding collector, investor, or enthusiast who understands and appreciates the investment potential of this iconic motorcar!
Ready to make an investment you can actually enjoy? Classic cars have proven to be among the most resilient and rewarding investments in recent years with the Historic Automobile Group Index (HAGI) jumping 39% in 2013, 16% in 2014, and 17% in 2015 while posting gains of 467% over the last 10 years. Please contact one of our expert sales consultants for more information. They will be happy to give you a complete walk-around, supply you with a more detailed description and answer any questions you may have. Buy with confidence.
Daniel Schmitt & Co. is located in beautiful and historic St. Louis, Missouri. Our dealership spans 4 acres, boasts 3 luxurious showrooms, a state-of-the-art service department, a world-class restoration facility, and is only minutes away from Lambert International Airport. While we offer our cars for online sale and auction, we do also encourage you to visit our beautiful classic car showroom!
Family owned and operated for over 50 years, we are a classic and luxury car gallery, committed to delivering some of the rarest, highest-quality classic cars, to customers worldwide. Throughout the years, our classic car dealership has built its reputation as one of the most trusted providers of classic cars to enthusiasts, collectors or investors. We offer truly unique and beautiful motorcars for sale.
As Daniel Schmitt & Co. reviews will attest, we focus on providing a world-class automobile shopping experience with thorough descriptions and detailed images - an absolute must in the digital age, when many of our classic and investment cars are sold online. Please feel free to contact us with any questions you may have.
We look forward to working with you!
High Retail: $302,000.00
High Retail Value
This vehicle would be in excellent condition overall. It could be a completely restored or an extremely well maintained original vehicle showing very minimal wear. The exterior paint, trim, and mechanics are not in need of reconditioning. The interior would be in excellent condition. Note: This value does not represent a “100 Point” or “# 1” vehicle *.* “100 Point” or “# 1” vehicle is not driven. It would generally be in a museum or transported in an enclosed trailer to concourse judging and car shows. This type of car would be stored in a climate-regulated facility.
Finance rates as low as 5.9%.
We know that classic car financing can pose a unique challenge. Although a vintage or exotic car can be an excellent investment, some financial institutions attempt to apply standard “used car” rules for financing a classic car, which in many cases can make loan approval difficult.
We work closely with many banking institutions that understand and recognize the collector value of classic cars and view them as an investment, which allows us to help you get the financing you need so that you can have the car you have dreamed of.
Terms available up to 144 Months
If you have any questions, feel free to contact us, (314)291-7000 or [email protected]
* Rates vary depending on year of car, length of term and credit score.
Warranty Available. Please inquire for more information.
Please note: Shipping costs are the responsibility of the buyer. The prices listed in our ads are only shipping estimates, not the actual cost. Shipping costs vary depending on vehicle size, fuel prices, and carrier type.
Vehicle may be sold by our dealership before the end of auction.
Daniel Schmitt & Company has described the above-mentioned vehicle to the best of our ability. However, as with all pre-owned automobiles, the condition is subjective, and we recommend that the potential buyer fly out to inspect, as well as test drive any of our vehicles before finalizing their purchase. If it is not feasible for you to personally perform an inspection, we will gladly help facilitate an inspection by an independent service center of your choice and will make delivery arrangements of the vehicle for this purpose. All vehicles are sold in “AS IS” condition. Extended warranty options are available on most vehicles. Please be advised that no verbal statements concerning any vehicle constitutes a representation or warranty of said vehicle. Our goal is to provide you with the best service and buying experience as possible. All purchases include an additional $385 processing fee which covers the processing of paperwork, pre-vehicle delivery costs, FedEx shipping fees, and a 30-day temporary registration plate so that the vehicle can be driven prior to the title transfer. (ATTENTION INTERNATIONAL BUYERS: Please be aware that you will be responsible for the Federal Reserve fee(s) charged for all incoming wires).
In regards to winning bidders and Buy It Now customers: All winning bidders and Buy It Now bidders are encouraged to fly out and personally inspect the vehicle. If you deem the vehicle is not as represented upon personal inspection, we will not only refund your deposit, but will also reimburse your airfare at the cost of a coach ticket. Feedback must be left at the time of delivery upon final inspection.
Pertaining to non-eBay winners: Anyone who has provided a deposit but whose purchase is still pending, please note that said vehicle will not be held and is subject to being sold at any time until all contingencies are removed and the purchase order is signed.
The advertised mileage represents the actual miles when the car was posted online. These vehicles are test-driven and actual mileage may vary at the time of sale.
All used vehicles should be assumed to have some degree of wear. We do not manufacture our product. Each vehicle’s brand has its strengths, styles, tendencies, and shortcomings. Despite our best efforts to verify a vehicle’s mechanical condition, we are not able to warranty a manufacturer’s workmanship or a previous owner’s diligence in care of said vehicle. Due to this reason, all vehicles are sold “AS IS”. There are no mechanical guarantees, expressed or implied.
Daniel Schmitt & Co. reserves the right to end the auction at any time.
Showroom Hours Monday - Friday: 8:30 AM - 5:00 PM Saturday: 9:00 AM - 3:00 PM (open until 5:00 by appointment) Sunday: Closed