This rare 1970 Shelby GT500 looks cool in Acapulco Blue

The Mustang Shelby GT saga started in 1965 with the GT350, a sportier, lightweight version of the ’Stang. But Ford and Carroll Shelby took things up a notch in 1967, when he introduced the GT500, a not-so-light but significantly more powerful version of the Mustang. The GT500 remained in production as the range-topping Mustang until 1969, but unsold 1969 models were given 1970 identification numbers. With just 380 units rebadged for 1970, this fastback is hard to find, and low-mileage, well-maintained examples are extremely rare. If you’re looking for one, the folks over at Mecum Auctions are offering an example with just 57,000 miles on the odometer at the Kissimmee Summer Special in late August.

Restored to look as new

Car for Sale: Super Rare, Numbers Matching 1970 Shelby GT500 Fastback With Low Milage Exterior
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Although it's been driven for just 57,000 miles, this Shelby GT500 has been restored to look like new.

The Acapulco Blue paint looks spotless, as do the white and black stripes that adorn the sides and the engine hood, respectively. The interior boasts white upholstery, which provides a cool contrast with the exterior, paired with red floor mats and blue seatbelts. The chrome parts shine as if the car just left the factory, so this GT500 is a potential Concours winner.

It’s fitted with all the goodies

Car for Sale: Super Rare, Numbers Matching 1970 Shelby GT500 Fastback With Low Milage Interior
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Delivered to Florida and kept there for its entire life, this GT500 is fitted with all the cool options that were available at the time.

It comes with power steering, power brakes with front discs, air conditioning, tilt-away steering column, seatbelt warning light, a sport deck rear seat, and 15-inch five-spoke wheels. It’s also listed in the Shelby Registry, so it’s as authentic as they get and will provide access to Shelby clubs and meetings.

Authentic muscle power

Car for Sale: Super Rare, Numbers Matching 1970 Shelby GT500 Fastback With Low Milage Drivetrain
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Like all GT500s sold in 1969 and 1970, this Fastback comes with the big 7.0-liter Cobra Jet V-8 engine. Ford introduced this mill in 1968 with 335 horsepower and 440 pound-feet of torque, a rating that remained unchanged for 1969 and 1970. It was the second-most powerful Ford V-8 from the era, surpassed only by the 429 Boss V-8. This GT500 comes with matching chassis and engine numbers, so it’s a solid collectible.

1970 Shelby GT500 Fastback specifications
Engine 7.0-liter Cobra Jet V-8
Horsepower 335 HP @ 3,200 RPM
Torque 440 LB-FT @ 3,400 RPM
Transmission four-speed manual
0 to 60 mph 6.0 seconds
Quarter mile time 17 seconds

It’s one of the last first-generation Shelby GT500s built

Car for Sale: Super Rare, Numbers Matching 1970 Shelby GT500 Fastback With Low Milage Exterior
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1969 was the final production year for the Shelby GT500. That’s when Ford and Carroll Shelby stopped working together, but FoMoCo sold an additional 380 units during the 1970 model year from left-over stock.

So this is one of the last first-generation GT500s ever built and one of the final GT500 models until Ford and Shelby teamed up again some 35 years later.

And although many collectors would rather own GT500 built before 1969, when the Mustang was given a massive redesign, these late 1969 and 1970 models look more dramatic and muscular in Shelby trim.

When’s the auction and how much could it cost?

Car for Sale: Super Rare, Numbers Matching 1970 Shelby GT500 Fastback With Low Milage Exterior
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This 1970 Shelby GT500 will go under the hammer Saturday, August 29, during the Kissimmee Summer Special. There’s no pricing estimate for the car, but well-preserved or restored 1969 and 1970 GT500s are usually worth around $100,000. Convertibles are rare and more expensive at around $200,000, but Fastbacks are known to cross the auction block with priced between $90,000 to $130,000 depending on mileage and condition.

Source: Mecum

Ciprian Florea
Senior Editor and Supercar Expert - ciprian@topspeed.com
Ciprian's passion for everything with four wheels (and more) started back when he was just a little boy, and the Lamborghini Countach was still the coolest car poster you could hang on your wall. Ciprian's career as a journalist began long before earning a Bachelor's degree, but it was only after graduating that his love for cars became a profession.  Read More
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