Stephen Takach Posted November 3, 2011 Author Report Share Posted November 3, 2011 Depending on what is missing or needs to be replaced, I'd say 140 to 170K I can buy a restored KR for that. That seems high for a car that has sat for 40 years and needs a total restoration. IMHO. SVT Link to comment Share on other sites More sharing options...
QuickSilverShelby Posted November 3, 2011 Report Share Posted November 3, 2011 Anyone interest in this car needs to read the following link: http://www.shelbyforums.com/forums/1965-1970-shelby-mustang-gt350-gt500/14434-rare-opportunity-68-gt500kr-selling-11-5-11-a.html#post55299 QSS Link to comment Share on other sites More sharing options...
twobjshelbys Posted November 3, 2011 Report Share Posted November 3, 2011 Anyone interest in this car needs to read the following link: http://www.shelbyforums.com/forums/1965-1970-shelby-mustang-gt350-gt500/14434-rare-opportunity-68-gt500kr-selling-11-5-11-a.html#post55299 QSS This reply looks like it is misplaced about another car (equally dubious, perhaps). The original post here is a black one, the other one at the estate auction is red. Link to comment Share on other sites More sharing options...
Stephen Takach Posted November 4, 2011 Author Report Share Posted November 4, 2011 Anyone interest in this car needs to read the following link: http://www.shelbyforums.com/forums/1965-1970-shelby-mustang-gt350-gt500/14434-rare-opportunity-68-gt500kr-selling-11-5-11-a.html#post55299 QSS I called Earl's Auctions yesterday to get more details. The car is being sold at the estate auction but will only be sold if the attorney representing the estate agrees to the auction price. I told the lady at Earl's I can't fly up there, bid on a car, spend a grand to come bid, and then be told I can't have the car because the attorney doesn't life the offer. I've never heard of such a thing and think they are not going to have many people make the trip if they can't buy the car. I had seriously thought about going to bid on the car but won't make the trip under these conditions. I also was told they are getting about 60 calls a day on the KR and the auction company will not be allowing bids by phone. Good Luck with all that but I think they are going to be disappointed. SVT Link to comment Share on other sites More sharing options...
eagledriver Posted November 4, 2011 Report Share Posted November 4, 2011 LMAO! "Earl's auctions"... I just get a picture of a hill billy chewing tobacco and have dirty hands saying " Dis here KR is gonna be sold *spit* only if dat dere lawer man says so*spit*. Ain't that right , Ma? Link to comment Share on other sites More sharing options...
yzfer145 Posted November 6, 2011 Report Share Posted November 6, 2011 Today I had the opportunity to look at an unrestored '68 GT 500KR. I was like a kid looking at jars of candy at the old-time drugstore. The car is not for sale YET but I'm hoping down the road I will have the opportunity to buy it. I don't want to disclose the name of the owner or location but would like to know if everyone thinks it is a real KR. It looks real to me as it has the CS CSM number, scoops and all the Shelby Badging. I'll attach some pictures so let me know what you think and if it appears to be a reall Shelby KR. IT WAS A GREAT DAY !! Thanks, SVT Wow, today must be the most bizarre day of my life. Just today I attended an auction where an original one owner 68 GT500KR with 9159 mi was auctioned off for $230,000. I didn't think it possible to have another unrestored 68 GT500KR cross my path again, yet I accidentally stumbled onto this forum and post. Life is incredible. Good luck with your future quest. Link to comment Share on other sites More sharing options...
Stephen Takach Posted November 6, 2011 Author Report Share Posted November 6, 2011 Wow, today must be the most bizarre day of my life. Just today I attended an auction where an original one owner 68 GT500KR with 9159 mi was auctioned off for $230,000. I didn't think it possible to have another unrestored 68 GT500KR cross my path again, yet I accidentally stumbled onto this forum and post. Life is incredible. Good luck with your future quest. Wow......You were at the aution the red '68 KR was sold at. Thats hard to believe it was sold for $230K. Was the bid accepted? SVT Link to comment Share on other sites More sharing options...
yzfer145 Posted November 6, 2011 Report Share Posted November 6, 2011 Wow......You were at the aution the red '68 KR was sold at. Thats hard to believe it was sold for $230K. Was the bid accepted? SVT Yes it was. Bidding started at 75K and very quickly jumped to 200K. It finally increased in 5K increments until it stopped around 220K if memory serves me correctly. A pause was declared, a meeting between the auctioneer and estate attorney occurred, and the auctioner returned to state that the car would be sold. He reopened bidding at the stalled 220 mark and it went to 230 before being hammered sold. It is my understanding that Mr. Leno bought the car via an agent who appeared in person. I have pictures of the event and agent but will not post them due to privacy concerns. There was a very large crowd there and I met a fellow who stated he used to ride around with the owner's son years ago. Quite a bit of paper history documenting the time/mileage on the car, including the cancelled downpayment check to the dealer and a reckless driving ticket on New Years Eve back in the day. I think the car was driven approximately 1100 miles since 1987. It was a very interesting day indeed. Link to comment Share on other sites More sharing options...
08KR525 Posted November 6, 2011 Report Share Posted November 6, 2011 Wow, a great story on the red KR. I'm only about an hour away from where it was auctioned and would have went just to check it out. Jay Leno won't be putting too many miles on it either, as I imagine he has a hard enough time dividing his attention among his stable already! Link to comment Share on other sites More sharing options...
07SGT0547 Posted November 6, 2011 Report Share Posted November 6, 2011 Looks and sounds like someone wanted this car really, really bad... Took less than 60-secs to go from $75K to $200K... Enjoy! Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.