The Shelby Mustang Built As A Celebrity Favor That Sold For Seven Figures

Insight summary

• •The original Ford Mustang sold over 418,000 units in its first year, breaking sales records and capturing 1960s culture.
• •Carroll Shelby was contracted by Ford to develop a high-performance Mustang, resulting in the GT350 with enhanced engines and race-ready modifications.
• •The GT350 convertible was created as a custom order influenced by celebrity Bob Shane, with only four prototypes built in 1966.
• •The 1966 GT350 convertibles featured performance parts similar to the hardtop, including disc brakes and air conditioning, but were not mass-produced.
• •The GT350 convertible became an official option in 1968, although with less powerful engines and altered styling.
• •Shelby revisited the convertible GT350 in the early 1980s, building 12 more from restored 1966 Mustang convertibles.
• •Original GT350 convertibles are now highly collectible and can sell for seven figures due to rarity and celebrity provenance.