Ford Torino GT (Indy Pace Car) - An Undisputed Showstopper
Year: 1968
Make: Ford
Model: Torino
Series: GT (Indy Pace Car)
Body: 2-Door Convertible
Steering: Left Hand Drive
Drive Type: Rear wheel drive
Odometer: Indicating 9 Miles
Engine: 428 V8 (7.0 litre) Petrol
Transmission: 3-Speed Automatic
Colour: White
Seats: 6
Description/extras: A once-in-a-lifetime opportunity to own the only known surviving example of one of Ford’s rarest muscle cars—the 1968 Ford Torino GT Indy Pace Car R-Code Cobra Jet Convertible. This super-rare factory “R” code 428 Cobra Jet convertible is one of just two ever built, with the second car unaccounted for, making this the only one of its kind. An undisputed showstopper, this stunning Torino has a storied past as a dedicated drag car since new, campaigned by the Merkle family of New Jersey at Atco Island and other prominent tracks, achieving quarter-mile runs as quick as 11.70 seconds in the Super Stock class.
Originally built at Ford’s Lorain, Ohio plant, this Torino GT Pace Car was brought to Canada in the late 1970s, where it continued to race competitively for decades before being retired approximately 10 years ago. Over the past five years, it has undergone a meticulous, high-quality restoration, preserving its incredible history while returning it to its factory-correct Indy Pace Car specifications. The exterior is finished in laser-straight white paint with a wet-sanded base-clear coat, ensuring an impeccable show-quality finish.
Under the hood sits a date-coded, unstamped 428 Cobra Jet V8, rebuilt to the exact specifications of Ed Merkle, including a special grind camshaft and all-new internals. The engine is paired with a correctly rebuilt C6 automatic transmission, featuring the desirable “R” servo and upgraded steel tail shaft for racing durability. Power is sent to the rear wheels via a factory “N” Code 9-inch rear end, fitted with 4.86 race gears and the original factory locker setup for maximum traction on and off the track. The car featured a date-coded, unstamped Cobra Jet block and components, original exhaust manifolds, a matching C6 transmission, and an original rear end with higher gears for racing.
Despite its racing pedigree, the restoration retains a high level of originality, which is where it matters most. The car's underside still wears 80% of its original primer and undercoating, offering a glimpse into its untouched factory heritage. Meanwhile, all chrome and stainless trim have been fully refinished, and the interior has been completely restored. It features a front split-bench seat and a rear bench seat, maintaining the car’s original six-passenger configuration.
Torino’s convertible top motor remains original and functions perfectly, with the top being raised and lowered only a handful of times in the last 40 years. The attention to detail extends even to the braking system, which has been meticulously restored and detailed, ensuring the car is as impressive to drive as it is to admire.
The sale includes a Deluxe Marti Report documenting this Torino GT’s extreme rarity and factory authenticity. Additionally, it consists of a collection of trophies, drag racing time slips, and historical documentation chronicling its racing history and ownership lineage. This is more than just a muscle car—it is a piece of Ford’s performance legacy and a centerpiece for any serious collector.
With just 9 miles since its restoration, this Cobra Jet Torino is in show-quality condition. It would undoubtedly be a highlight at any high-profile automotive event, including Muscle Car and Corvette Nationals (MCACN). The rarity of this car places it in an exclusive category beyond even the most coveted Shelby Mustangs and Boss 429s.
Whether displayed at concours events, preserved in a private collection, or unleashed for exhibition passes down the dragstrip, this Torino is a once-in-a-generation find. The fact that this is the only known surviving example of its kind makes it one of the most significant Ford muscle cars today.
Currently registered in Alberta, Canada, this Torino GT is easily exportable to the U.S. and beyond, offering a seamless process for international buyers seeking to acquire one of the rarest factory-built muscle cars ever produced.
The restoration process involved a complete nut-and-bolt rebuild, ensuring every component was restored, rebuilt, or replaced to period-correct standards. The inner fenders and trunk quarters have been accurately detailed with red oxide primer replication, adding to the authenticity of the restoration.
Notably, this car’s wheel wells were previously enlarged for drag racing, but the restoration process has skillfully integrated this piece of its history while maintaining a factory-correct aesthetic. From its stunning bodywork to its precise mechanical refinements, every aspect of this Torino has been carefully curated to present a muscle car that is both historically significant and mechanically outstanding.
For collectors seeking a genuinely unique centerpiece with a race-proven pedigree, ultra-low production numbers, and concours-level restoration, this 1968 Ford Torino GT Indy Pace Car R-Code 428 Cobra Jet Convertible represents an unrepeatable opportunity.
Don’t miss your chance to own the rarest factory “R” Code Convertible ever built—a rarer than a Shelby and undoubtedly a must-have for any serious Ford or muscle car enthusiast. Place your bid with confidence and secure a place in automotive history.
Chassis No: 8H43R150631
ENG No: Unsighted
LOCATION: Chestermere, Alberta, Canada
For prospective auction bidders considering importing vehicles from overseas, please review your country’s import regulations to ensure a smooth process. Find attached the link for the rules of vehicle importation in your country:
https://www.lloydsauctions.com.au/import_guide/
Disclaimer: All information presented herein has been compiled after discussions with the vendor. While every effort has been made to ensure accuracy, we advise bidders to verify any crucial details independently before making decisions based on this information.
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Sold unregistered
Lloyds stock #238701+1
** This Auction is ONLINE VIEWING and SHIPPING ONLY **
** This vendor is not registered for GST - therefore GST is not applicable on this asset **
As Standard Auction Practice all Vehicles are Sold Unregistered
As with all vehicles sold in the Classic Car Division, they have been well looked after by their previous owners. This is an Auction Sale. This asset is sold under standard auction conditions, as is, where is. High volumes of incoming product prevent our team from being able to inspect all items individually. All photos, descriptions, odometer readings, hour readings, engine specifications and any condition reports should be used as a guide only and have been compiled after speaking with the owners. To find out more about this lot or to book a live video inspection please contact the Auctioneer Contact which can be found on the Auction Details page. There is no statutory warranty & no cooling off period.
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