Carroll Shelby Foundation to Receive Funds From Sale of 1968 Shelby During Reality Show

Apr 11, 2011

A new reality TV pilot for ABC will show the sale of a 1968 Shelby GT500KR to the highest bidder with part of the proceeds to benefit the Carroll Shelby Foundation.

The public can register to bid on the car and watch filming of the show scheduled for Saturday, April 16, at The Queen Mary in Long Beach, California.

The new show will be hosted by Extreme Makeover’s Ty Pennington.

“Our team admires Ty Pennington and his approach to helping others,” said Jenni Shreeves, executive director of the Carroll Shelby Foundation. “Our mission is simple: to provide support to children and medical institutions battling life-threatening diseases and promote continuing education for today’s youth. We were excited when ABC and Heritage Auctions approached us about this special fundraiser. Not only will the Shelby’s new owner walk away with a legendary muscle car, but they’ll also help sick children receive the care and treatment they deserve.”

A restored 1968 Shelby GT500KR convertible (Lot #3732) will be auctioned off during the filming.

The car is one of only 318 GT500KRs built in the Highland Green and black interior color combination and has only 31,000 original miles on the odometer. Other features of the car including the original 428 Super Cobra Jet engine an automatic transmission, air conditioning, an oil cooler, tilt wheel and AM/FM radio. The Shelby is equipped with the period-correct smog equipment, including the rare air cleaner snorkel. During its 1980s restoration, reproduction Shelby 10 spokes were added to the muscle car. The car is also documented in the official Shelby registry.

The Carroll Shelby Foundation was established by automotive racing legend Carroll Shelby in 1991 after he battled heart disease and received a heart transplant.

Since its inception, the Foundation has donated funds to numerous organizations and children’s hospitals.

The Foundation also helps raise money for America’s youth through programs such as Garth Brooks’ Teammates For Kids and Jordin Sparks Charities.

“We couldn’t be more thrilled to be offering the magnificent Shelby Mustang as part of this auction,” said Greg Rohan, President of Heritage Auctions. “The advance buzz in the Shelby community has made it abundantly clear that this car is a gem and will be highly prized by its next owner.”

The auction is scheduled to start at 11 a.m. PDT. Those interested in helping the Carroll Shelby Foundation by bidding on the 1968 Shelby during the show, should log on to Bidders can register to bid in person, online or by mail, fax or phone. For questions, please contact Heritage Auctions at (214) 528-3500.