Latest news with #FordGT40MkII
Bloomberg
26-03-2025
- Automotive
- Bloomberg
Wanna Buy a Car? The Boss at RM Sotheby's Auctions Has Some Advice
The specter of tariffs has new automobile manufacturers bracing for the worst, but for the collecting side of the business, recent auctions indicate quite the opposite of doom and gloom. RM Sotheby's will sell almost $1 billion in cars this year, about the same as 2024, says Rob Myers, the chairman and chief executive officer of the RM Group of Companies. He's off to a blistering start. On Feb. 1, at the Mercedes-Benz Museum in Stuttgart, Germany, RM Sotheby's sold a 1954 Mercedes-Benz W 196 R Streamliner for $53 days later, at the Retromobile auto show in Paris, it sold a 1965 Ferrari 250 LM for $36 million. On Feb. 27 it sold a 1966 Ford GT40 Mk II for $13.2 million, one of 86 cars that totaled $74.4 million during two days of sales at the company's ModaMiami automotive festival in Coral Gables, Florida. In April it will sell two Fiats and one Lancia once owned by the Italian industrialist and style icon Gianni Agnelli. Myers, a Canadian entrepreneur with a reputation for being as shrewd as he is mercurial, has earned his current position in the industry with his relentless drive at the company he founded as RM Auto Restoration in 1976. Sotheby's took a minority stake in 2015 and a majority in 2022; offices now span almost a dozen cities including Dubai, London and Los Angeles.
Yahoo
31-01-2025
- Automotive
- Yahoo
1966 Ford GT40 Mk II Hits Auction With $11 Million Estimate
Read the full story on Modern Car Collector A highly sought-after 1966 Ford GT40 Mk II is now available for purchase, offering collectors the rare opportunity to own one of the most celebrated cars in racing history. With an estimated value between $8 million and $11 million USD, the car is being offered from the collection of the Indianapolis Motor Speedway Museum, where it has been displayed since 1968. This particular GT40, chassis P/1032, is one of only eight Mk IIs ever built and boasts a remarkable history. It played a key role in the 1966 endurance racing season, starting with a second-place finish at the 12 Hours of Sebring, where it was driven by racing legends Walt Hansgen and Mark Donohue. The car continued its illustrious journey as one of three Holman-Moody entries at the 1966 24 Hours of Le Mans, where it was piloted by Donohue and Paul Hawkins. After its racing career, the car was exhibited at major European motor shows and was later donated to the IMS Museum, where it has been a prominent part of their collection. A full restoration was completed in 2011, returning the car to its original #4 Holman-Moody Le Mans livery, making it a true representation of Ford's engineering excellence from the era. Powered by a 427 NASCAR V8 engine and equipped with advanced cooling modifications, the GT40 Mk II was designed to dominate endurance racing, and it lived up to that reputation. Despite encountering technical issues during its 1966 Le Mans entry, the car remains a significant part of Ford's racing legacy, having contributed to the company's eventual victory at Le Mans that year. This is a rare chance to acquire a piece of motorsport history, as P/1032 is considered one of the best-preserved and most significant Mk IIs in existence. Follow us on Facebook and Twitter
