Driving into Summer | Lot 245
1970 Shelby GT500 428 Cobra Jet Convertible
$130,000 - $160,000 USD
| Concord, Ontario
21 - 29 May 2020
- One of only six GT500 convertibles finished in Grabber Yellow for 1970
- One of 54 such convertibles equipped with the 428 Cobra Jet and C-6 automatic for 1970
- Documented by factory order sheet and rare Ford-to-Shelby-to-Dealer invoice
- Features a Deluxe Marti Report, confirming options and production details
- Includes original owner’s manuals and documentation dating to 1970
This 1970 Shelby GT500 is one of 335 convertibles built between 1969 and 1970. According to the Deluxe Marti Report, this car is one of only nine ‘special paint’ factory-ordered GT500 convertibles finished in Grabber Yellow (3470-A), of which the owner notes that six were finished in that vibrant color for 1970. According to its entry in the SAAC registry, the car was delivered to Minar Ford in Minneapolis, Minnesota in the Fall of 1969.
This GT500 is presented today as it was originally built in Dearborn, Michigan, in Grabber Yellow with black Clarion knit/Corinthian vinyl hi-back bucket seats and its original 3.50 Traction-Lok rear axle. It is powered by a 428-cu. in. four-valve ‘big block’ Cobra Jet V-8 engine, producing an under-rated 335 horsepower, and is paired to the C-6 select-shift automatic transmission. It is understood that the engine actually produces closer to 400 horsepower. It is noted as one of only 54 convertibles optioned with that powertrain for 1970. Additionally, as ordered new, options include a white power top with glass backlite, the Traction-Lok differential, visibility group, Goodyear tires, power front disc brakes, power steering, tilt away steering wheel, interior décor group – deluxe, AM radio, tinted glass, deluxe belts and warning light, competition suspension, tachometer, and trip odometer. It was also equipped with the highly desirable heavy-duty suspension option.
Presented with limited mileage since complete restoration, this GT500 was the recipient of a fresh restoration performed by Shelby marque specialist to incredibly high standards. The car is listed in both the SAAC International Registry, which notes that the car was involved in a fire in the 1970s, but then subsequently fully restored, as well as the American/Team Shelby factory database. Documentation includes both the 1970 Mustang and Shelby GT 350/500 owner’s manuals, Deluxe Marti Report, rare original factory order sheet, and original Ford-to-Shelby-to Dealer invoice, maintenance records, and copy of full-page article in the auto enthusiast magazine Auto Strada.
These heavy-duty suspension Shelby’s are the most sought after of all 1969-1970 GT500s among collectors. A very rare sight, one of nine ever finished in striking Grabber Yellow, this is an outstanding example and an extremely desirable piece of Shelby history.