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Barrett-Jackson 2014: 1968 Ford Mustang 428 CJ Fastback nets $165,000

By Drew Phillips - January 19, 2014 – 3:30 pm5 Comments | 1,998 views

1968 Ford Mustang GT 428 CJ

Most highly collectable Mustangs usually have “Shelby” or “Boss” in the name, but this beautiful 1968 Fastback fitted with an R Code 428 Cobra Jet engine is right up there with the best of them. Just 1,044 examples were produced in 1968, making it more rare than its Shelby counterparts. Adding to the car’s value is a meticulous nut and bolt restoration and a plethora of awards that certify its authenticity.

So how much is it worth? The Wimbledon White ’68 Fastback crossed the block at Barrett-Jackson this weekend, and the final selling price of $165,000 made it one of the most expensive Mustangs at the auction.

You can see the 1968 Ford Mustang 428 CJ R Code in more detail in our live photo gallery below.

Vehicle Description:

This nationally recognized, judged and awarded 1968 ½ R Code Mustang GT fastback 428 Cobra Jet is rarer than the total 1968 Shelby production, with only 1,044 units produced. The professionally finished, meticulously maintained, total nut and bolt restoration on this R Code Mustang includes the correct Holley C80F-9510-AB 4 barrel, C6 3-speed automatic transmission with R servo and gear reducer, 9″ rear with 3.91 Traction-Lok, power disc brakes, correct NOS smog equipment with correctly dated canister, rebuilt Carter X fuel pump, factory Philco AM radio with NOS copper radio loop. The concours-correct exterior finish in its original Wimbledon White color which is Code M, flat black hood stripes, black C stripe and correct black vinyl interior with buckets and console, seat belts and shoulder harnesses, GT equipment group, fog lamps, dual exhaust with GT tips, correct 1968 1/2 hood scoop. The original black Buck Tag has been attached to right front inner fender, correct lower control arms with jacking tabs, 4-rivet upper control arms, NOS clutch fan and distributor, silver valve cover gaskets mated to the valve cover by staples, phosphate parts include the hood latch, hood hinges, coil hold down and gas line support bracket. The undercarriage is the correct red oxide and the car is mounted on its original argent GT wheels and hubcaps with Goodyear Polyglas tires, with matching spare with correct hold down plate. The car is documented with Deluxe and Elite Marti Reports. All of the nationally judged awards accompany the car. This R Code Mustang is a nine-time Mustang Club of America Gold Trailered Concours winner, a two-time MCA Conservator Gold Winner, 2008 1st Place at the 40th Anniversary Cobra Jet Reunion (competing against more than 30 of its equals), 2010 awarded the MCA’s coveted Conservator Grille Medallion #60, 2010 Junior and Senior #W22764, Grille Medallions from the Antique Automobile Club of America, Hemming’s Concours d’Elegance Best Muscle Car, in 2012 it qualified for and won 1st Place at the AACA’s Grand National. Three large binders containing judging sheets, magazine articles, restoration photos and other important documentation accompany the car. This is truly one of the finest, most award-wining 428 Cobra Jets available.

Photos © 2013 MustangsDaily.com




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5 Comments »

  • a.n.onimous says:

    Sweet.

  • Hi, Mr. Phillips:

    Thanks so much for showcasing my car in your blog; this particular car was an amazing piece, and I consider myself to be very fortunate to have been one of her caretakers for a brief time during her life. I am told the new owners who bought her on the auction block truly appreciate her originality, which I am (understandably) thrilled about.

    Again, I am honored you showcased my car on your site. Thank you.

    Kindest regards,

    Muffy Bennett
    (Former owner, 1968 1/2 Mustang Cobra Jet)

  • Mark Hiatt says:

    Hello Mr. Phillips,

    Our company , Mid America Classic Mustang , of St. Charles Missouri
    performed the complete restoration of this fine 68 1/2 R Code Mustang GT
    It was a painstaking 2 year process that left our staff proud as you might guess. It was campaigned for 6 years on the MCA Mustang Car Show circuit and several AACA and other assorted shows. It truly was a work of automotive art. We are both proud and ecstatic that this car finally
    got the price that we felt it was worth even though the client that we restored it for was not the owner at the time it went to the B-J auction
    It had been sold about a year prior to it’s latest sale at B-J. I am glad to see someone get it that will treasure this rare car .

    Thank you for showcasing it for the enthusiast to read the story.

    Best regards

    Mark Hiatt , Pres.
    Mid America Classic Mustang

  • Craig White says:

    At the risk of sounding like a heretic I haved always preferred the lines of the stock Mustang rather than the Shelby. What a beautiful car!!

    Craig White

    Ottawa, Canada

  • Andreas says:

    @ Craig: I agree! Shelbys look often a little bit “overtuned”. Like the last S197. To my opinion, first of that series was the best.

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