Autoblog

Click the image above for more pics of Carroll Shelby's 1969 Shelby GT500

When the GT500 KR was unveiled at New York this past spring, we pressed Ford's SVT team as to why the SVT badging was absent from their creation. Their answer was so simple and obvious that it bears repeating. A 500 HP SVT Mustang doesn't sell for $30,000 over invoice, but if you add Carroll Shelby's name to it, a killer car becomes an instant sensation. Much of the street cred Shelby currently has was earned during the 1960s, when Carroll took the Mustang from a "secretary's car" to a hot-rod pony car.

Mr. Shelby is apparently too caught up living in the present to give much thought to what he did 40 years ago, as he plans on putting his 1969 Shelby GT500 convertible up for auction in January at Barrett Jackson. The vintage hotrod, which has nearly 70,000 miles on the odometer, is sure to fetch quite a premium over an already valuable '69 owned by some lucky schlep. The great-looking collectible is powered by a 428 Cobra Jet engine and has recently undergone a restoration. If you want to get in on the bidding action, make sure to get a lean on your mortgage, or just show up rich. It's gonna fetch a bundle. The press release is available after the jump.

[Source: Shelby via Jalopnik]