1966 Ford GT40 Could Exceed $12,000,000 At RM Sotheby’s Auction

1966 Ford GT40
1966 Ford GT40 Could Exceed $12,000,000 At RM Sotheby's Auction

A 1966 Ford GT40 is expected to fetch around $12,000,000 when it goes under the hammer at RM Sotheby’s forthcoming flagship auction in Monterey, California (24-25 August 2018).

Chassis number P/1016 is one of a select trio of GT40’s that helped Ford to its first ever 24 Hours of Le Mans victory.

The car was one of three GT40s that managed to achieve a clean sweep of 1st, 2nd and 3rd overall places at the 1966 24 Hours of Le Mans. Wearing the iconic #5, it was piloted by the now famous American duo Ronnie Bucknum and Dick Hutcherson, completing 348 laps and finishing 3rd overall for the Holman & Moody racing team.

The incredible accomplishment is considered to have been the turning point in Ford’s motorsport fortunes as the American manufacturer so badly craved a major racing title.

GT40
Ford GT40 Expected To Fetch $12,000,000

GT40 Development

Originating from the initial GT program, the GT40 Mk II boasted a race-tuned 7.0-liter V-8 engine, in line with Ford’s ambition to create a mid-engined racing car capable of reaching speeds up to 200 mph. The ’40’ description is synonymous with the car’s low 40-inch overall height.

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Alexander Weaver, Car Specialist, at RM Sotheby’s, said:
“The status of P/1016 speaks for itself, and if it wasn’t for this car, the history of motorsport as we know it would be very different. The sale of this GT40 represents a real chance for any collector or motorsport enthusiast to own a significant piece of history.

“To feature a car for sale that has played such a pivotal role in such a famous race is very important for us as we prepare for the Monterey auction. This Ford has been restored to the condition it raced in, which will be a vital consideration for any prospective buyer. Few cars can be considered gold standard, but this GT40 is, and will always be remembered as one of the Fords that finally beat Ferrari.”

Following outstanding success at Le Mans, the GT40 subsequently competed three more times in 1967, Daytona 24 Hour Continental, Daytona test, and driven by Mark Donohue in the Le Mans trials.

The car was later featured in notable automobile collections and at shows across North America throughout its life, winning ‘People’s Choice’ at Pebble Beach in 2003. Now restored to the same golden livery as it wore when it raced at Le Mans, the GT40 is estimated to achieve $9,000,000 to $12,000,000 in Monterey. Before heading west, the car will be on view in the lobby of Sotheby’s Manhattan global headquarters (1334 York Ave, New York), from 21 June, remaining there for approximately two weeks.

Click to enlarge images
Images courtesy RM Sotheby’s

GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000
GT40
Ford GT40 Expected To Fetch $12,000,000

Full auction details can be found here.

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