Carroll Shelby’s GT500 Prototype Heads to Auction, Oct. 3

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Mustang Shelby GT500 Prototype

As if a 40th Anniversary Mustang Shelby GT500 isn’t rare enough, here’s a prototype once owned by the legend himself.

The year 2007 was a special one for Shelby Automobiles, as it marked 40 years since Carroll Shelby began what would become his legacy of performance vehicles. Thus, the company set out to honor that achievement with a small run of roughly 330 special Mustang Shelby GT500 models. But the car you see before you isn’t your “average” example of that already limited model. In fact, it’s a pre-production prototype.

That alone makes this Shelby GT500 something truly special. But the specialness doesn’t end there. This is also the only Mustang Shelby GT500 40th Anniversary Edition sporting white stripes. And to top it all off, this particular car was originally owned by none other than Carroll Shelby himself. That little fact alone is enough to ensure the car brings big bucks at Mecum’s Dallas auction, October 3-6.

Shelby Mustang GT500 40th Anniversary

Neither Shelby nor the seller drove this Mustang Shelby GT500 much, however. It sports only 2,400 miles on the odometer, barely broken in. But it does still have all of the goodies included with the 40th anniversary package. That includes various carbon fiber body bits, optional 20” American Racing Shelby Razor wheels, and lots of anniversary badging.

A nice little package, indeed. And for fans of the Shelby brand, it doesn’t get much better. This particular car even comes with all the original paperwork, including a window sticker signed by Carroll himself. The titles, purchase documents, original tires, you name it – it’s all there. And with a car this historically significant, that’s key to hammering at an equally historic price.

Mustang Shelby GT500 40th Anniversary

We expect this Shelby GT500 to do just that. At least one well-heeled Shelby fan is sure to have their eye on this rare opportunity. And you can bet we’ll be watching to see just how high it goes!

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Brett Foote has been covering the automotive industry for over five years and is a longtime contributor to Internet Brands’ Auto Group sites, including Chevrolet Forum, Rennlist, and Ford Truck Enthusiasts, among other popular sites.

He has been an automotive enthusiast since the day he came into this world and rode home from the hospital in a first-gen Mustang, and he's been wrenching on them nearly as long.

In addition to his expertise writing about cars, trucks, motorcycles, and every other type of automobile, Brett had spent several years running parts for local auto dealerships.

You can follow along with his builds and various automotive shenanigans on Instagram: @bfoote.

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