Formerly the property of Shelby Racing Co,1969 Shelby Ford Mustang GT500 Fastback Coupé  Chassis no. 9F02R483162 Engine no. R482CJ500
Lot 429
Formerly the property of Shelby Racing Co,1969 Shelby Ford Mustang GT500 Fastback Coupé Chassis no. 9F02R483162 Engine no. R482CJ500
Sold for £80,700 (US$ 133,820) inc. premium
Lot Details
Formerly the property of Shelby Racing Co
1969 Shelby Ford Mustang GT500 Fastback Coupé
Registration no. CBY 177G
Chassis no. 9F02R483162
Engine no. R482CJ500


  • Legendary Texan racing driver Carroll Shelby's team had been campaigning Ford's Mustang 'pony car' with considerable success in North America, winning the SCCA's B-Production title three years running in the mid-1960s. Capitalising on his success, Shelby began manufacturing modified Mustangs, which were officially sanctioned and sold through selected Ford dealerships. Ford supplied Shelby with part-completed 'Sportsroof' (fastback) Mustangs, which were finished off at Shelby's plant in Los Angeles.
    The first Shelby Mustang - the GT350 - arrived in 1965 powered by a modified version of Ford's 289ci (4.7-litre) small-block V8 producing 306bhp, with options of a 340-360bhp unit in competition trim or 400bhp supercharged. A four-speed Borg-Warner manual gearbox was the stock transmission on early Shelby Mustangs, though a heavy-duty, three-speed automatic soon became available as an option.
    The running gear was appropriately up-rated to cope with the GT350's increased performance, incorporating the optional Kelsey-Hayes front disc brakes, stronger Ford Galaxie rear axle, Koni adjustable shock absorbers and alloy wheels. The first cars were supplied minus the rear seats, thereby qualifying the GT350 as a two-seat sports car! Outwardly there was little to distinguish Shelby's GT350 from the standard product apart from a pair of broad 'racing' stripes down the body centreline. On the open road there was, of course, no comparison.
    When the factory introduced a 390ci 'big-block' V8 option on the Mustang for 1967, Shelby went one better, installing Ford's 428ci (7.0-litre) Cobra Jet V8 to create the GT500, one of the great, iconic musclecars of the 1960s. Produced at the A O Smith Company's plant in Ionia, Michigan from 1968, the Shelby Mustang continued to be based on the stock version, receiving the latter's styling changes and mechanical improvements while retaining its own distinctive special features, until production ended in 1970.
    Documented in the Shelby American World Registry, chassis number '3162' is one of only 1,536 Shelby GT500 fastback coupés produced for the 1969 model year and was delivered finished in 'Competition Orange', which was not officially available for that year. '3162' was shipped new to Shelby Ford of South Lake Tahoe, California on 30th July 1969 for use as a Shelby Automotive company car by Carroll Shelby himself, and was invoiced to Shelby Racing Co of Torrance, CA. Three subsequent owners are listed in the SAWR, one in the USA and two in the UK, where the car was first registered in 1989. The second of these UK owners, Paul Foote of Ruislip, Middlesex, sold the car to the current vendor in 2002.
    This GT500 has been the subject of a two-year 'last nut and bolt' full restoration carried out by Dragon Wheels Restorations (Alex Faulkner-Stevens) to return it to original 'as delivered' factory specification. The rebuild involved complete disassembly to a bare bodyshell; structural repairs using original factory assembly methods; correct repaint in Competition Orange with full shell detailing, engine black out and under-body colour.
    Every mechanical component has been rebuilt to factory-specification concours standard with full detailing of every nut, bolt and washer used. The engine is the 428ci Cobra Jet V8, which has been rebuilt, balanced, blueprinted and up-rated by Knight Racing Services (Peter Knight) to produce 400bhp, while the C6 automatic transmission has likewise been rebuilt and up-rated to handle the increased power and torque. The 9" rear axle incorporates a 3.00:1 ratio Traction-Loc limited-slip differential and forged 31-spline driveshafts. A complete new factory-correct wiring harness has been fitted and the lighting converted to UK specification.
    This car's fully restored interior is based on the Mustang deluxe trim but features all the important Shelby components such as roll-over bar with special harness-type seat belts, floor console with auxiliary gauges, and Cobra details. In addition it has the factory options of full air conditioning, tinted glass and a rim-blow steering wheel. The car also is fitted with the competition-specification suspension and Shelby-designed alloy/steel road wheels shod with Goodyear F60x15 tyres. The glove box door has been signed by Carroll Shelby, who met the GT500's previous owner in England some years ago and remembered how he had enjoyed driving the car when it was new. Presented in fully restored condition, this rare and desirable GT500 is offered with SORN, current MoT and Swansea V5C registration document.

Saleroom notices

  • This GT500 has been the subject of a two-year 'last nut and bolt' full restoration carried out by Dragon Wheels Restorations (Alan Faulkner-Stevens) to return it to original 'as delivered' factory specification.
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