As an expert in classic American muscle cars, I can tell you that the value of a 1967 Shelby Mustang GT500 can vary greatly depending on several factors, including its condition, mileage, originality, and any modifications or restorations that have been made.

In recent years, the market for classic Mustangs has been strong, with well-restored or highly original examples commanding high prices. A fully restored or highly desirable GT500 in excellent condition can easily fetch over $200,000, and exceptional examples with provenance and rarity can exceed $300,000 or more. However, these are high-end figures, and the price can be significantly lower for cars that are in need of restoration or have been modified in a way that is not desirable to collectors.

It's important to note that the value of classic cars can fluctuate based on market trends and the specific demand for certain models. If you're considering buying or selling a 1967 Shelby Mustang GT500, it's a good idea to consult with a classic car appraiser or a reputable dealer who specializes in classic Mustangs to get an accurate assessment.

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That other rare Mustang was a 1967 Shelby GT500 Super Snake, which ending up selling for a staggering $1.3 million, $300k more than what the Eleanor Mustang sold for. The selling price, according to Mustangs Daily, makes this particular 'Stang the most expensive ever to be sold at auction.read more >>