Shelby Mustangs have always been a desirable collector car. With only 562 units produced, hard-core Shelby enthusiasts found the 1965 GT350 the most desirable. Thirty-seven of those are factory-built race cars, which, because of their uniqueness and racing history, always sell for premium prices. Today the ’65s still remain high on the collector car list. However, the Shelbys attracting the most attention lately are the’68 Shelby GT500KR convertibles. Only 318 were built and every car collector in the country wants one. With the supply low and the demand high, the price of these cars has soared, making them a recognized investment.
In February, 1990, car enthusiast David Yanoff was attending a classic car auction in Atlantic City, New Jersey, when he spotted and exceptional Shelby GT500KR convertible. Yanoff talked to his friend (Shelby expert Bill Collins) about the car and both felt confident that, with a little work, the Shelby could be a concours show winner. Although Yanoff wasn’t planning on buying a car at that auction, he couldn’t resist this one. After some negotiating, he became its new owner and set out to make it the finest KR convertible in the country.
Before beginning restoration, Yanoff found out that the car was entered in the concours class of the SAAC-14 (National Shelby Convention) show in 1989 where it won the third place trophy. After reviewing the judging sheets, he found that the car lost points in authenticity, not workmanship. With help from his friend, Adam Scheps, Yanoff started to work on locating NOS parts. This turned out to be tougher than expected, but persistence and several long distance phone calls, Yanoff managed to find all of the items he wanted. In order to transform this car into the best Shelby in the country, he enlisted some help from the two people.
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