GT500KR Convertible

1968 Shelby GT500KR Convertible

Offered by Bring a Trailer Auction | December 2023

Photo – Bring a Trailer Auctions

Of all of the true Shelby Mustangs (those produced in the ’60s, not the modern mass-produced Fords with Shelby badging), this is the best. The GT500 was the GT350‘s big brother, and in “King of the Road” spec, it was one step beyond that.

The GT500 debuted in 1967, and the KR came a year later. Just 518 of them were convertibles. Power is from a 428 Cobra Jet (7.0-liter) V8 that was rated at 335 horsepower. Shelby-specific stuff included a fiberglass hood, a spoiler, Thunderbird taillights, a heavy-duty suspension, and a few more tweaks. The KR convertible got that distinctive roll bar.

This car was restored before being relocated to Canada in 2021. GT500KRs seem to change hands with some regularity. But that doesn’t make them any less awesome. Click here for more info.

McLaren M81

1980 McLaren M81 Mustang

Offered by Mecum | Indianapolis, Indiana | May 12-20, 2023

Photo – Mecum

Is this a McLaren or a Ford? Well, kind of both. The Fox-Body Mustang debuted for 1979 to replace the much-unloved Mustang II. It was a return to the Mustang’s true self, and Ford wanted to prove they were serious, so they teamed up with McLaren Performance to build a special Mustang.

These started as a regular Mustang until they were sent to McLaren, where their turbocharged, 2.3-liter inline-fours were torn apart and rebuilt to a higher spec by McLaren. This bumped output from 132 horsepower to 175. They also received steel fender flares, a pretty crazy hood, functional brake ducts, and BBS wheels. This particular one is the only one with a four-speed manual gearbox (the rest had five-speeds).

The plan was to build about 250 of these with a price tag of $25,000. But Ford formed their Special Vehicle Operations team, and the SVO Mustang was soon on its way. Only 10 M81s ended up being built, and this was the original prototype that was also used as a dealer demonstrator. It is one of seven finished in Bittersweet Orange.

This is a pretty special car, and the most special Fox-Body Mustang there is. It’s also the missing link between the McLaren sports cars of the 1960s and the outrageous supercars of the 1990s and 2010s. Click here for more info.

Update: Sold $82,500.

Boss 429

1970 Ford Mustang Boss 429 Fastback

Offered by Mecum | Glendale, Arizona | March 18-20, 2021

Photo – Mecum

This is the top dog among first-gen Mustangs. The Boss 429 was offered in 1969 and 1970 only, and it was more of a pure muscle car when compared to its namesake relative, the Boss 302 (which was produced for Trans Am homologation). The 429 was all engine, and that’s really the reason exists.

Ford needed to offer the 429 in a road car in order for it to be allowable in NASCAR. The Z-code 429 was a, well, 429-cubic-inch (7.0-liter) V8 rated at 375 horsepower. Only 499 were produced in 1970, and this one is finished in Grabber Green with a matte black hood scoop over black. The ’70 model was rarer than the ’69.

It features a limited-slip differential, a front spoiler, the Drag Pack, and a competition suspension. Only manual transmissions were available, and air conditioning was not an option. These are exceptionally cool Mustangs, and they are very rare. This is why they cost a lot more than their 302 Boss counterparts. You can check out more about this one here and see more from this sale here.

Update: Sold $385,000.

GT350R Prototype

1965 Shelby GT350R Prototype

Offered by Mecum | Indianapolis, Indiana | July 10-18, 2020

Photo – Mecum

The GT350 was the most badass 1965 Mustang. But how do you take that up a notch? You turn it into a factory race car, of course. That’s what Shelby did with 34-ish of their launch-year GT350s. The R was built for SCCA B-Production competition.

This car is the first GT350R built and was used by Shelby American as a factory race car, racking up 10 B-Production victories in 1965, along with the national championship – the latter with driver Jerry Titus. It was also the test mule for Shelby before they built the 34 customer cars.

Famed drivers Ken Miles, Bob Bondurant, Chuck Cantwell, and Peter Brock all also drove this car in period. It’s been restored and retains a 4.7-liter 289 V8 that made somewhere north of 300 horsepower. Mecum bills this as the “most historically significant Shelby Mustang in the world” which might be a little much. In any case, it’s likely to be among the most expensive. Click here for more info and here for more from this sale.

Update: Sold $3,850,000.

Update: Sold, Mecum Kissimmee 2022, $3,750,000.

Bullitt

1968 Ford Mustang GT

Offered by Mecum | Kissimmee, Florida | January 2-12, 2020

Photo – Mecum

Okay, so this isn’t just any old 1968 Mustang GT. This is the actual car driven by Steve McQueen in the 1968 film Bullitt. It’s the car that was primarily used in the legendary chase scenes around San Francisco. It’s one of the most famous film cars of all time and is one of two Highland Green ’68 Fastbacks used during the film.

Modifications performed by McQueen at the time of filming included the addition of gray Torq Thrust wheels, removal of the emblems and backup lights, and finishing the front grille in black. The look became so iconic that Ford has sold “Bullitt” edition Mustangs since that mimic this very look.

After filming, the car was sold to a Warner Brothers employee, who used it daily. It was later purchased by someone in New Jersey. In 1974, it was purchased by Robert Kiernan, whose wife used it as a daily driver until the clutch went out in 1980. The car was parked with 65,000 miles on it. McQueen tried to buy it back, multiple times, but Kiernan refused. The car bounced around the garages of friends until 2001.

That’s when Ford introduced the Bullitt Edition Mustang. Kiernan and his son decided to get this car running again. It was unveiled to the public again in 2018. A few bits have been replaced, and the 325 horsepower, 6.4-liter V8 has been rebuilt. Otherwise, the car is all original.

This car has the potential to bring a pretty incredible amount of money. Short of James Dean’s “Little Bastard” showing up for sale, it’s hard to imagine a more valuable “pop culture” car. You can check out more about it here and see more from Mecum in Kissimmee here.

Update: Sold $3,740,000.

Twister Special Mustang

1970 Ford Mustang Mach I Twister Special

Offered by Mecum | Indianapolis, Indiana | May 14-19, 2019

Photo – Mecum

The first generation Mustang is generally further broken down into four separate generations, including the 1969 and 1970 “third” group. Highlights of this era were the new Mach I and Boss variants. Some of the coolest early Mustangs were produced in these two years.

For some reason, Ford dealers in Kansas had some kind of pull with Ford’s marketing department and managed to get their own special edition Mach I. It was called the “Twister Special” and they were only sold in Kansas. All were finished in Grabber Orange with black graphics and only half of them received the 7.0-liter Super Cobra Jet V8 that was rated at 335 horsepower.

In all, only 96 examples were built. Potential bidders will have to ponder if the tornado graphics on the rear quarter panels are worth a premium over a similarly-equipped SCJ Mach I. They’re still cool, though. You can read more about this car here, and see more from Mecum here.

Update: Not sold, high bid of $180,000.

The Cobras Rs

The Ford Mustang Cobra Rs

Offered by Mecum | Kissimmee, Florida | January 6-15, 2017


1993 Ford Mustang SVT Cobra R

Photo - Mecum

Photo – Mecum

The first Mustang Cobra was produced by Ford’s Special Vehicle Team (SVT) in 1993. It was mostly a power upgrade and other mechanical bits that made the car faster. The early Cobras looked similar to the GT, and in 1993 they also built a very limited edition Cobra R, the “R” standing for “race.”

The engine was a 5.0-liter V-8 making 235 horsepower, same as in the standard Cobra. Top speed was 140 mph. But this had a laundry list of other items that made the car lighter, faster, and more robust. Only 107 of these were built, making it quite rare in Mustangland. This one has 1,400 original miles and the original window sticker. Click here for more info.

Update: Not sold, high bid of $60,000.


1995 Ford Mustang SVT Cobra R

Photo - Mecum

Photo – Mecum

The fourth generation Mustang went on sale for the 1994 model year. The second-generation Cobra was built for 1994 and 1995 and they looked meaner than the standard GT. The Cobra R was again produced, this time for 1995 only and 250 would be made (and you had to have a valid racing license to buy one).

The engine is a 5.8-liter V-8 making an even 300 horsepower. The idea here was to essentially homologate the car for use in endurance racing. But with that bulging hood and lowered stance, this thing looks destined for the drag strip. The as-new price was $37,599 in 1995 making it, easily, the most expensive Mustang built to that point. This example has 1,900 original miles and you can find out more about it here.

Update: Sold $35,000.


2000 Ford Mustang SVT Cobra R

Photo - Mecum

Photo – Mecum

Unlike the previous Cobra Rs, the 2000 (and most recent example) was more of a departure, styling-wise, from the standard Mustang. This version had an aggressive body kit featuring a lip spoiler and a borderline-ridiculous rear wing. It even has side exhaust – when’s the last time you saw that on a production car costing less than 60 grand?

The powerplant beneath the hood here is a 385 horsepower, 5.4-liter V-8. Top speed was an impressive 177 mph and it was meant to be more of a track car than it was probably ever used for. Only 300 were made and when they came out, sporting something like an $55,000 MSRP, there was a dealership here in town that had three of them. I seem to recall them going for about $85,000 a pop. You can find out more about this 1,600 mile example here and see more from Mecum here.

Update: Not sold, high bid of $50,000.

Mustang Enduro Prototype

1980 Ford Mustang GT Enduro Prototype

Offered by Auctions America | Hilton Head, South Carolina | October 31, 2015

Photo - Auctions America

Photo – Auctions America

The third-generation “Fox body” Mustang was built between 1979 and 1993. Ford actually took them racing int the 1980s. In the early 80s, these racing IMSA Mustangs were very boxy and wide. So Ford had three road-going prototypes built in 1982 to “resemble” these boxy racing cars. This is one of them (the other two are red).

The engine is a 5.0-liter V-8 that has been modified to something that more resembles a race engine than the Fox body’s dorky 2.3-liter straight-four base powerplant. Horsepower is generously “more than stock.” Everything else – from the shifter, transmission, drivetrain and suspension – has been customized.

This 14,000-mile car is a very rare prototype and one of the coolest Mustangs built in the 1980s – which, let’s be honest, wasn’t the nameplate’s high point. It should bring between $45,000-$60,000. Click here for more info and here for more from this sale.

Update: Sold $40,700.

Lightweight Mustang Prototype

2012 Ford Mustang Boss 302R Lightweight

Offered by Mecum | Indianapolis, Indiana | May 12-17, 2015

Photo - Mecum

Photo – Mecum

We love one-offs and prototypes here at ClassicCarWeekly.net. This is a one-off prototype race car built by Ford. But let’s zoom way out. The Mustang Boss 302 was re-introduced for the 2012 model year (and was built through 2013). The 302R was the race car variant that Ford campaigned in Grand Am’s GS class. There was also the hard-core Mustang Boss 302 Laguna Seca Edition road car that fell somewhere in between.

The 302R was a good race car, but it was heavy. So Ford attempted to homologate a lightweight version that would let teams play with weight distribution. But Grand Am nixed the idea because the 302R was competitive as is. So only one lightweight race car was built – this one.

It uses a race variant of the road car 302’s 444 horsepower 5.0-liter V-8 (even though the car started life as an plucked-off-the-line Boss 302, like all 302Rs). This car was never raced. Instead, it was sent to a Ford dealer in Illinois. It appears to have been kept in the family and is now being offered for sale with an estimate between $125,000-$175,000. Click here for more info and here for more from Mecum in Indy.

Update: Sold $130,000.

“Shorty” Mustang

1964½ Ford Mustang “Shorty” Concept

Offered by Auctions America | Ft. Lauderdale, Florida | March 27-29, 2014

Photo - Auctions America

Photo – Auctions America

This may be a car you are not familiar with. It looks like a normal 1965 – or, 1964½, my apologies – Mustang that got struck in a trash compactor. Believe it or not, this was actually a Ford factory concept car, its construction having been outsourced to Dearborn Steel Tubing Industries. This car was originally the 10th Mustang Prototype, but designer Vincent Gardner cut 16 inches out of the wheelbase and re-designed the entire body behind the firewall.

Ford had no intentions of ever building a two-seat-only Mustang because a car with four seats has broader appeal than does one with room only for two. But just for the hell of it, Ford decided to have this concept built anyway. After a few shows and magazine covers, Ford decided enough was enough and planned to have the car scrapped.

But Gardner had other plans. He stole the car and hid it in a warehouse… but he failed to continue to pay his rent and the warehouse’s owner found the car and called the cops. When the Mustang went missing, Ford’s insurance paid them for it, fearing it lost. So now the insurance had the car and Ford already had their money. So they sold it to one of their employees who kept it until 1968 when the current owner acquired it.

It was kept hidden away until the past 15 years, when it was restored and shown at various shows. In fact, here’s a video I took of it driving around last summer. The engine is a 4.9-liter V-8 and the body is fiberglass. Obviously, this is the only Mustang quite like this and it should sell for between $400,000-$600,000. Click here for more info and here for more from this sale.

Update: Sold $511,500.

Here’s video of this actual car: