Posted on: Jun 15, 2012
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Not One, but Two Ford GT40s Up for Auction at Monterey


Trust us, each is worth every penny.
Ah yes, the iconic Ford GT40. For countless fans, this is quite possibly one of the greatest cars ever built. They look absolutely incredible, they're fast (just ask Ferrari circa 1966-69), and rare. So what's there not to love? That would be the price tag. RM Auctions has just announced that two classic Ford GT40s will be up on the auction block this August at Monterey. The first car is a GT40 Gulf/Mirage Lightweight, model number P/1074, that was completed in 1968.
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Painted powder blue with a marigold stripe, it has quite a history since the time of its completion. It raced extensively throughout 1968 from Daytona to Le Mans. During the Le Mans trials, it was driven by Jacky Ickx. P/1074 was sold in 1970 to Solar Productions where it was used as the camera car for Steve McQueen's "Le Mans." Since then it's been owned by several individuals, all of whom have been well-documented, and has participated in many events such as GT40 25th Anniversary Reunion in Watkins Glen and the 30th Anniversary in Elkhart Lake. Its current owner bought it in 2000 and then commissioned an extensive restoration.

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It was then displayed at the Goodwood Festival of Speed in 2003 and 2004. RM didn't publish official pricing estimates, but they are available upon request. The second GT40 is also quite something. It's a 1967 Mk I, chassis P/1059 and is just one of 31 production GT40 road cars. Its history begins back in December 1966 when it was one of 20 cars selected for the Mk I Promotion and Dispersal Program. Within that group, it was one of just six to be consigned to Shelby American for promotional use. To prepare it for its new PR duties, it was re-sprayed in pearlescent white with blue stripes.
P/1059 has also had several owners over the years, with its most current title carrier having bought it back in 2002. However, after a recent inspection by respected GT40 authority Ronnie Spain in 2011, it was reported that it had just 4,749 miles on the odometer, making it one of the lowest mileage GT40s in the world. Because of this, RM is estimating it'll go for somewhere between $2.3 to $2.7 million. It isn't common to have two GT40s available at the same auction, so anyone present will be able to see two incredible examples of one of the greatest cars ever find new homes.

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by Jay Traugott
Not One, but Two Ford GT40s Up for Auction at Monterey
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