1966 Ford GT40 Sold for $7.04 Million at Auction
A rare 1966 Ford GT40 P/1034 was purchased for over $7 million in a recent high-profile collector auction.
Updated on Oct. 9, 2026 in Performance Vehicles
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A 1966 Ford GT40 P/1034 fetched $7.04 million at a Mecum Auctions event on January 18, 2025. This sale follows another 1966 Ford GT40 that sold for $6.93 million just five days earlier.
Why it matters
The sale underscores the enduring market demand for homologation-era race cars. Collectors remain focused on vehicles with documented racing histories and original specifications.
The GT40 P/1034 is one of 31 units produced for MkI homologation and features a 335 hp 289-cubic-inch HiPo V8 engine. It includes an official FIA Historic Vehicle Identity Form and was restored to its original Pine Green finish.
The players
Mecum Auctions
This auction house specializes in the sale of collector cars, vintage motorcycles, and road art.
James Fielding
He was the original private purchaser of the GT40 P/1034 in 1966.
The details
The vehicle, originally purchased by James Fielding in March 1966, has an extensive ownership history across Australia, the United States, and Germany. The restoration focused on returning the car to its authentic factory specifications.
Timeline
March 17, 1966: James Fielding makes the first private purchase of the vehicle.
2012: A 1968 Ford GT40 camera car is auctioned for $11 million.
2019: A 1965 GT40 Roadster Prototype sells for $7.65 million.
January 13, 2025: A separate 1966 Ford GT40 sells for $6.93 million.
January 18, 2025: The 1966 Ford GT40 P/1034 sells for $7.04 million.
Roadmap
The consistent multi-million dollar results for GT40 models highlight a sustained market interest in high-performance homologation legends. These sales signal that the classic car sector remains a robust store of value for rare, historically significant vehicles.
For the average driver, these auction results confirm that specific, low-production vintage performance cars have moved into the realm of major financial assets rather than daily transport. Potential collectors should be prepared for intense bidding wars that reflect the scarcity of factory-homologated units.
The takeaway
The high sale price of the P/1034 highlights that provenance and technical authenticity are the primary drivers of value for vintage race cars. Investors looking at similar performance icons should prioritize vehicles with complete FIA documentation to ensure long-term asset security.
Further reading
For more insights into the market for high-value collector cars, explore our Performance Vehicles section.
Source note: This article includes information reported by HotCars.
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