This 1968 Ford Shelby Mustang GT350 Fastback is the sort of muscle car that refuses to fade into the background. Dressed in Candy Apple Red over black vinyl, it spent two years getting pampered back to glory between 2008 and 2010. The odometer shows just 600 miles—though who really knows the full story. Right now, it’s up for grabs on Bring a Trailer, complete with factory paperwork, its original-style wheels (freshly removed), and a clean Michigan title.
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What It’s Worth Right Now
First-generation 1967-1968 Shelby GT350s are still flexing their muscles in the market, especially when they’re restored right and keep things original. Classic.com pegs the average sale at $175,541, with the cheapest going for $106,700 and the priciest topping out at a jaw-dropping $275,000.
Recent sales prove just how wild the price swings can get. A 65,000-mile manual GT350 pulled in $175,000 last September, while a 23,000-mile automatic fetched $180,000. Even a well-used manual with more miles still managed $144,000. Clearly, originality and condition are just as important as what the odometer says.
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With the auction just getting started and the current bid at $75,000, there’s plenty of room for this Shelby to climb. Given the top-notch restoration, that eye-catching Candy Apple Red paint, and all the factory paperwork, don’t be shocked if the final price edges much closer to those recent big-ticket sales.
Condition and Details
This GT350 is one of just 1,053 fastbacks built for 1968. It rolled out of the factory in Candy Apple Red with black seats and first landed at Jim Aikey Ford in Des Plaines, Illinois. The seller claims Prefix—famous for their Shelby handiwork—helped bring this classic back to life.
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Under the hood sits the original 302-cubic-inch V8, hooked up to a three-speed automatic sending power to the rear wheels. Factory goodies? You get the Extra Cooling Package, Interior Décor Group, Visibility Group, power steering, front disc brakes with a boost, a Sport Deck rear seat, Tilt-Away steering column, tach, and trip odometer.
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After selling on Bring a Trailer in June 2025 for $129,000, the current owner swapped on Shelby-style 15-inch ten-spoke aluminum wheels with BFGoodrich Radial T/A rubber. The original steel wheels and covers come with the deal, plus a Deluxe Marti Report to prove the car’s factory credentials.
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The Offer
| Specification | Detail |
| Make | Ford / Shelby |
| Model | 1968 Shelby Mustang GT350 Fastback |
| Year | 1968 |
| Mileage | 600 miles shown (TMU) |
| Engine | 302-cu-in V8 |
| Power | 250 horsepower, 310 lb-ft |
| Transmission | Three-speed automatic |
| Drive type | Rear-wheel drive |
| Exterior color | Candy Apple Red |
| Interior color | Black vinyl |
Interested in this 1968 Shelby Mustang GT350 Fastback? View the listing here.
What Makes the 1968 Shelby Mustang GT350 Unique
The 1968 GT350 marks a turning point in Shelby Mustang lore. Earlier GT350s were all about raw performance, but by 1968, Shelby was mixing muscle with a bit more comfort and style. You still get the signature Shelby touches: fiberglass hood with real scoops, quarter-panel air intakes, a ducktail spoiler, and those unmistakable GT350 stripes.
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This was also the tail end of Carroll Shelby’s first Mustang run, so production stayed on the rare side. Factory docs like the Marti Report only boost the appeal for collectors chasing the real deal. If a car still wears its original colors and option packages, expect it to draw plenty of eyes in today’s market.
Final Thoughts
This Shelby ticks all the right boxes for muscle car fans: documented history, factory options, a restoration with a solid reputation, and that all-important original color combo. You even get both sets of wheels—Shelby alloys and the factory look—so you can pick between pure originality or a bit more curb appeal.
The current bid is still well below the average sale prices seen across recent GT350 transactions, making this one worth watching as the auction progresses. Whether it reaches the top end of the market will likely come down to bidder confidence in the restoration quality and the car’s overall originality.
Disclaimer: This post is for informational purposes only. We are not a dealership or broker. All vehicle specifications, pricing, and availability are subject to change without notice. We are not responsible for typographical errors, omissions, or the accuracy of the provided information. Please verify all details directly with the seller.
About the author
Jacob Oliva
Senior Editor, Autoblog