The 1968 Shelby Mustang GT350 Convertible sold for $180,000, and that’s strong money for a car with this pedigree and rarity.

This specific GT350 is a rare find, with only 404 units made in 1968. It features a vibrant Acapulco Blue exterior and a Saddle Décor interior, making it visually striking. The 302ci V8 engine paired with a three-speed automatic transmission is a solid combo, offering a blend of performance and ease of driving. With just 23,000 miles on the clock, this example is in excellent shape, retaining a lot of its originality. Add in desirable features like power steering and front disc brakes, and you have a car that checks many boxes for collectors.

At $180,000, the pricing is a bit below the Fair Value estimate of $202,900, placing it roughly 11% under what the market suggests it should be worth. With 15 bids placed, there was a healthy level of interest. This indicates that the bidding was competitive, but the final sale price reflects a market-correct valuation considering the car's mileage and features. For a low-mileage, limited-edition convertible from the Shelby lineup, this price is strong—especially in a climate where high-quality American muscle cars are gaining traction.

Community feedback on this auction was positive. One commenter noted, “Good buy on a beautiful car!!” This sentiment echoes the broader appreciation for both the rarity and condition of this Mustang. It seems the buyer snagged a well-maintained piece of automotive history, and the seller likely felt good about the outcome too.

For anyone on the hunt for a similar car, focus on condition and originality. Low mileage is significant, but it’s essential to verify how well the car has been maintained over the years. Check for service records and any signs of restoration or modifications. Original parts can greatly affect value, so knowing what’s been changed or upgraded is crucial. A well-kept example like this GT350 Convertible sets a high bar, but it also shows what enthusiasts are willing to pay when the right car comes along.

See all Ford Mustang 1967-1968 listings on [Friday's Watchlist](https://fridayswatchlist.com/search?make=Ford&model=Mustang%201967-1968).