This Shelby Cobra GT-500KR Fastback is a rare and highly sought-after classic American muscle car, offered from long-term ownership. It is powered by a naturally aspirated 428-ci (7.0-litre) Cobra Jet V8, delivering around 250kW to the rear wheels via a three-speed automatic transmission. This example was originally a US-delivered model, which was later imported into Australia, where it passed compliance in May 2015, and it has now been with the seller for 12 years. This Cobra GT-500KR is understood to be one of only 1,053 Fastback examples produced in 1968. The odometer indicates 98,393 miles, though this is not warranted. Build year: 1968 The Shelby Cobra GT-500KR or ‘King of the Road’ featured a redesigned fibreglass front-end, bonnet, and rear-end, as well as 1967 Mercury Cougar taillights, side air intake ducts, a functional interior roll bar, a wood-rimmed steering wheel, and modified suspension. This example is finished in the appealing shade of Appaluco Blue with contrasting twin white racing stripes and ‘GT500KR’ side stripes, over a black vinyl-trimmed interior, featuring an embossed ‘Cobra’ logo on the centre armrest, wood veneer inlays, chrome trim highlights, and Carroll Shelby’s signature on the glove compartment. It rides on a set of 15-inch 10-spoke Shelby machined alloy wheels fitted with BFGoodrich Radial T/A tyres. Equipment includes a swing-away steering wheel, a 9-inch 31-spline rear-end, front disc brakes, Lucas driving lights, a larger sway bar, a top-tinted windscreen, an analogue clock, a wooden Cobra-branded gear shifter, a push-button stereo, heater and ventilation controls, and push-out front quarter light windows. This example has been enhanced with JVC rear cabin speakers. The car is accompanied by a Marti Report and two keys. Please refer to the photo gallery to assess the exterior and interior condition. Specific notes from the seller include: the car has been fully resprayed in the past. There are now stone chips on the door. Inside, the interior trim is described as being in fair condition, and there is a tear in the carpet in front of the driver’s seat. The most recent safety inspection is noted as 27 January 2026, with no advisories reported by the seller. This Shelby Cobra GT-500KR Fastback is a sought-after ‘King of the Road’ muscle car icon, offered from long-term ownership. Understood to be one of only 1,053 1968 Fastback models produced, with an eye-catching colour scheme, evocative styling, and boasting a highly potent 428 Cobra Jet V8, it would make a stand-out addition to any collection of iconic muscle cars, and an exciting companion for weekend cruising and classic car show visits alike.