Value of a 1968 Shelby GT500 KR

[frankmoreno]

Hi,

My Dad has a 1968 GT500KR that he got into an accident 30 years ago, drove the car home, and it's been sitting in the garage since. He sold the original 428 and put a 351 (yeah, I know, I know). The front fenders need replacing and the front grill and such. I'm sure it's rat infested in the engine. It will need a complete mechanical restoration as well as the body work. It's not the original olive color with the white stripes anymore either.

I'm trying to determine a fair price to buy it since he needs some money and I would appreciate your input. FYI my dad wants to keep it in the family, as do I, so I have no intention of flipping it. Thank you.

[Coralsnake]

There are A LOT of factors that go into determining value.

Condition being one, history and completeness.

This will not be an easy exercise.

If you want some assistance, you may email me directly at Coralsnake68@hotmail.com


Pete

http://www.thecoralsnake.com/Price.html

[roddster]

  Pete is going to give you an honest answer.
   But in general, a good place to start is how much a driver car goes for, then deduct what you would need to buy in order to get dad's car to that shape. 

[Coralsnake]

He is not serious. On another site, he is agreeing its worth 30k

[tesgt350]

He is not serious. On another site, he is agreeing its worth 30k

Well, if it needs Floors, Rear Quarters, Complete Front Clip and Inner Structure plus Engine & Accessories and complete Repaint then Yeah, about $30K seems right.

[Coralsnake]

Ok, find me some $30k KRs

I will wait.....

Cars with 1967 frame rails and reproduction tags are selling for $150k plus on some auction sites.

While I agree there is not information to accurately estimate the value, throwing low ball numbers is not the answer

[98SVT - was 06GT]

He is not serious. On another site, he is agreeing its worth 30k

Sure - he doesn't own it his dads does. Dad needs some bucks so the kid is going to buy the car. Will dad sell it to him for $30 or decide to sell it on the open market for more? I've found a lot of times family loyalty goes out the window when the $$$ increase.

[69 GT350 Vert]

Pictures would help determine value.  If the vin-stamped inner fender aprons are present and able to be repaired, that means it won't be a rebody and adds a good amount of value.  If all original vin tags are present, that adds more value.  Original paperwork adds value.  The body and mechanicals can be repaired during restoration. 

[Bill]

Hi,

My Dad has a 1968 GT500KR that he got into an accident 30 years ago, drove the car home, and it's been sitting in the garage since. He sold the original 428 and put a 351 (yeah, I know, I know). The front fenders need replacing and the front grill and such. I'm sure it's rat infested in the engine. It will need a complete mechanical restoration as well as the body work. It's not the original olive color with the white stripes anymore either.

I'm trying to determine a fair price to buy it since he needs some money and I would appreciate your input. FYI my dad wants to keep it in the family, as do I, so I have no intention of flipping it. Thank you.

Frank,

   Pete (coralsnake) can assist you, kind of, but the only real way to value a car "as it sits" will be to hire a qualified appraiser who can lay their hands and eyes on it.

Bill

PS: Beware of private messages with offers to take such a project off your hands, or for a small fee they can offer you an appraisal just based on a few pictures, for estate purposes, they cannot. Lots of vultures troll this site. I'll leave it at that.

[shelbymann1970]

He is not serious. On another site, he is agreeing its worth 30k

Well, if it needs Floors, Rear Quarters, Complete Front Clip and Inner Structure plus Engine & Accessories and complete Repaint then Yeah, about $30K seems right.

Well I agree with Pete, find us some 30K KRs. I paid a lot more for my GT500 that needs a resto. When I see rusted 67-69 Mustang fastback shells needing rust repair in the high 20s a KR is worth a hella lot more.