Rare Road-Legal 1966 Ford GT40 Mk1 May Fetch Over $4 Million

Just 31 road-going examples of the iconic Ford GT40 were ever produced and next month, one is expected to sell for between $3.75 million and $4.25 million at RM Sotheby’s Monterey auction.

Part of the Jim Click Ford Performance Collection, this 1966 GT40 was built in the same year that Ford swept the podium at the Le Mans 24 Hours, laying to rest Ferrari’s dominance at the iconic endurance event.

After rolling out of Ford’s factory, chassis number P/1061 was delivered to Ford’s Dearborn facility where it was used by the Car Merchandising department as a promotional car. Throughout 1967, it was displayed by numerous local Ford dealerships, brought to a number of different auto shows and used in demonstration laps at SCCA events.

After its promotional duties were over, it was purchased privately be a man from Ohio after being repainted red. During a snowstorm, the car was heavily damaged and sold to a mechanic who repaired the car in 1969 and then sold it. In the following decade, it passed through the hands of over four owners.

In the early 1980’s, it was repainted dark green metallic with yellow accents and was bumped up to 450 hp thanks to its V8 being bored out from 302-cubic inch to 351 cubic inches. In recent years, it has been installed with a modern suspension system including Koni adjustable shock absorbers at all four corners.

Forget about the new GT, this is the one you want.