A Historic 1966 Ford GT40 Could Bring $12M Plus. This historically-important racing car finished third at Le Mans and is set to become the world’s most expensive Ford by selling for a whopping $12 MILLION.
The gold Ford GT40, chassis number P/1016, was part of a legendary 1-2-3 punch that famously embarrassed Enzo Ferrari at the 1966 LeMans.
It was developed following a bitter dispute between Henry Ford II and Ferrari.
Ford wanted to buy Ferrari, but no deal could be made. Ford Motor Company, famous for making quality family cars, decided to enter racing and beat the Italians with their own performance car.
The GT40s, only 40-inches high, were designed, engineered and developed under Brit Roy Lunn.
Following a number of disappointments, the GT40 won Le Mans in 1966 as Ford took all three trophies.
Ronnie Bucknum and Dick Hutcherson drove P/1016 completing 348 laps and finished third overall.
A Ferrari had won six consecutive Le Mans from 1960, until Ford won the final four races of the decade.
The legendary GT40 has a 7-litre V8 engine and a top speed nearing 200mph. RM Sotheby’s will be handling the sale in Monterey, California, in August.
RM Sotheby’s has given a pre-auction guide price of $12 million which will likely make it the most expensive Ford ever sold publicly.
Car specialist Alexander Weaver of RM Sotheby’s says, “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.”
P/1016 went on to race three more times in 1967 after the historic Le Mans Race.
It was later featured in car collections and at high-profile car shows, winning ‘People’s Choice’ at Pebble Beach in California 2003.Categories: Blog