Image credit: © conceptcarz.com (Reproduction Or reuse prohibited).

1965 Ford GT40 background image

1965 Ford GT40 Coupe

  • Chassis Number: P/1016
  • Engine Number: HA 1697
This GT40 MKII was the third car in the triumvirate of GT40s that ruled Le Mans in 1966, recording a remarkable 1-2-3 finish. This car was built in 1965 and shipped as a bare chassis to Shelby American in Los Angeles, where it was completed in January of 1966. That February, driven by Richie Ginther and Ronnie Bucknum, it entered its first race, the 24 Hours of Daytona, but did not finish due to issues with the gearbox. After racing at Sebring in March and finishing 12th at the hands of A.J. Foyt and Bucknum, it was handed over to Holman & Moody, who took it to France for the 24 Hours of LeMans in June. This proved to be its finest hour: driven by Ronnie Bucknum and Dick Hutcherson, it finished a close 3rd to the GT40s that placed 1st and 2nd in a famed photo finish. Its final race was back at the 24 Hours of Daytona in 1967, driven by Mark Donohue and Peter Revson, where gearbox issues led to another DNF. In 1970 the car was donated to the Harrah Museum in Nevada where it resided for many years.
Starting in 1966, Ford won at the 24 Hours of LeMans four years in a row. This dominance in international long-distance racing by a single make and model was a tremendous accomplishment. Three GT40 entries had retired early at LeMans in 1964. A year later, Carroll Shelby was made manager of the racing program, yet success was not achieved. Gearbox failures or related problems were typically the reasons for the early retirement in endurance competition. Henry Ford II's frustrations continued to climb as a NART-run Ferrari 250 LM emerged victories.

For 1966, Henry Ford II demanded top Ford Division executive Don Frey win at LeMans at any cost. Among his first decisions was to cancel Carroll Shelby's employment as the program manager, though Shelby-American continued as one of three factory-approved teams. In Mr. Shelby's place was Holman-Moody of Charlotte, North Carolina. They were initially allocated three GT40s for the 1966 season (chassis numbers P/106, P/1031, and P/1032). All three were built new to MK II specifications. The GT40 Mk II was the product of Kar Kraft, Ford's stateside sports car facility, which used the British-built GT40 and made modifications and updates as needed. This included making the chassis stiffer using thicker-gauge steel, stronger engine mountings, and more advanced suspension with two-way adjustable Koni dampers

Powering the MK II was a 427 cubic-inch 'Big-Block' V8 that was first tested in a GT40 by Shelby driver Ken Miles in April of 1965. With Holman-Moody help, the engine generally developed 450 horsepower. It was given a dry-sump ry-sump lubrication, aluminum heads, and a magnesium oil pan. The bodywork was modified from the original MKI, becoming wider and taller and able to accommodate larger wheels. In the back were extra engine scoops and adjustable spoiler.

The cars were delivered as bar chassis in 1965 for final assembly by Shelby-American. Eight GT40 MK IIs were completed and most were shared between three Ford factory teams.

This particular example is chassis number P/1016. It was sent by Ford Advanced Vehicles on September 11th of 1965. In January of 1966, it was completed at Shelby-American's plant in Venice, California. It was given Ford's racing paint colors of white with a matte black hood. It was tested at Sebring by Ken Miles and Ronnie Bucknum in mid-January. After testing, it was shipped to Holman-Moody, where many of the Shelby modifications were either changed or upgraded. In preparation for the Daytona 24-Hour Continental on February 5th, it was given heavy-duty dampers and springs, adjustable anti-roll bars, and a special right-hand-side torsion bar to counteract body roll during high-speed banking on left turns.

At Daytona, the car wore race number 87 and was equipped with an experimental two-speed automatic transaxle and driven by Bucknum and Richie Ginther. Unfortunately, it experienced problems with the new gearbox and was forced to retire after 13 hours.

The next race was the Sebring 12 Hours on March 26th. It was given the paint scheme it currently wears, Kandy Gold. It was equipped with brake-cooling 'snorkel' air intakes mounted on the tail section, and wore race number 4. This would be the final time the experimental PowerShift transmission was used. It was later equipped with the regular T-44 manual transmission. Bucknum and A.J. Foyt drove the car to a 12-place finish at Sebring.

This Ford GT40 MK II is believed to be the only example that was ever raced with the PowerShift transmission.

Holman-Moody continued tuning during early April of 1966. It was given standard front bodywork and a modified driver's door with a bulge to clear a helmet. Driving duties for LeMans were given to Bucknum and Dick Hutcherson. It was registered as number 5 and joined at Le Mans by two other GT40 MK IIs racing for Holman-Moody. Three similar MK IIs prepared by Shelby-American also toed the line at LeMans, along with two more GT40s run by Alan Mann Racing. Their biggest competition were the factory-run Ferrari 330 P3s and privateer P2s.

Prior to the race, GT40 P/1016 was given matte Day-Glo pink headlights on the nose and flanks. Of the three Holman-Moody entries, this was the fastest car during practice and qualifying. It was positioned 9th on the starting grid.

After three laps of the race, P/1016 had climbed into third place. Over the six hours that followed, braking issues had the car steadily dropping back. After long pit stops for repairs on Saturday evening, the car had fallen into 10th place after seven hours. With the repairs made, the car continued to gain ground, climbing to 5th place after hours, and 4th two hours later. By hour 17, it was in 3rd place. In the lead were two Shelby American GT40s.

After achieving a 1-2-3 finish at LeMans, P/1016 was used for six months as a Le Mans-liveried promotional car, touring Ford dealerships in the southeastern United States.

For 1967, it was used as a test mule in the development of Holman-Moody's GT40 MK IIB. It was fitted with bigger disc brakes, lighter bodywork sections, relocated oil tanks and spare wheel, wider Halibrand rear wheels, new heavy-duty roll cage, an aluminum instrument panel, and a fire suppression system.

Mark Donohue and Peter Revson drove the car at the season opener at Daytona in early February 1967. There, it was joined by two other Homan-Moody GT40. Unfortunately, all three cars retired early due to output shaft failures. This would be the final race for P/1016 in period.

In mid-March, the car was tested at Daytona and in April it was sent to the LeMans trials at La Sarthe. Powered by the latest 7-liter engine, it was driven by Mark Donohue to a speed of 203 mph on the Mulsanne Straight and set fourth fastest lap time overall. It was then sent back to the United States where it was stored at Holman-Moody's Charlotte headquarters. In 1970, it was donated to William Harrah's Automobile Collection in Reno, Nevada. At this point in history, Holman-Moody misidentified the car and delivered it with a chassis plate stamped P/1015 - which was the Shelby American car that finished 2nd at LeMans in 1966.

In 1983, the car entered the care of Leslie Barth of New Haven, Connecticut. Believing this was chassis number P/105, he had it painted a light blue livery in similar fashion to the color worn by that car at LeMans. It was later acquired by Nick Soprano of White Plains, New York, before it passed to collector Peter Livanos of Greenwich, Connecticut, in 1988. The car was professionally prepared for vintage events, and raced at the GT40 Reunion at Watkins Glen in September 1989, where it was driven by Le Mans veterans Brian Redman and Jacky Ickx.

Ownership that followed included Bruce Ziegler of Simi Valley, and then to Jamey Mazzotta of Redding. It was briefly owned by George Stauffer of Blue Mounds, Wisconsin, before it was acquired in 1992 by Ken Quintenz of Columbus, Ohio. While in his care, he correctly re-identified it as chassis P/1016 and proceeded to restore the car to proper 1966 Le Mans specifications (though it retains Mk IIB upgrades such as the roll cage, aluminum instrument panel, and the fire suppression system). Upon completion, it was shown at the Shelby American gathering at Watkins Glen in July 1993, the SVRA Road America in 1995, and the 30th Anniversary celebration of the Le Mans victory held at Goodwood in 1996.

In 1996, it received freshening from original Holman-Moody mechanics. This was followed by more vintage events including the Shelby American gathering at Elkhart Lake in July 1997, the Shelby Reunion at Watkins Glen in September 2001, the Ford Racing Centennial at Dearborn, Michigan, in October 2001, the Goodwood Festival of Speed in July 2003, and the Monterey Historic Races at Laguna Seca a month later. In August 2003 the GT40 was also the recipient of the People's Choice Award at the Pebble Beach Concours d'Elegance.

The current caretaker acquired the car in 2004. He had the car sent to Holman Automotive for additional refurbishment. Since then it has been enjoyed at numerous events including six appearances at the Le Mans Classic, several in the Classic Endurance Series, including at the Istanbul and Barcelona Grand Prix Circuits, and one each at the Goodwood Revival and Goodwood Festival of Speed.

The car is currently finished in its 1966 Le Mans livery of gold with pink highlights.

By Daniel Vaughan | Feb 2019

2018 RM Sothebys : Monterey

Pre-Auction Estimates :
USD $9,000,000-USD $12,000,000 
Sale Price :
USD $9,795,000

1965 Ford GT40 Auction Sales

Recent Sales of the Ford GT40

(Data based on Model Year 1965 sales)
1965 Ford GT40 Roadster Prototype
Chassis#: GT/108
Sold for USD$7,650,000
  2019 RM Sothebys : Monterey
1965 Ford GT40 image  1965 Ford GT40 image  
1966 Ford GT40 Mk II
Chassis#: P/1016
Sold for USD$9,795,000
  2018 RM Sothebys : Monterey
1965 Ford GT40 image  1965 Ford GT40 image  
1965 Ford GT40 Roadster Prototype
Chassis#: GT/108
Sold for USD$6,930,000
  2014 RM Auctions at Monterey
1965 Ford GT40 image  1965 Ford GT40 image  
1965 Ford GT40 MK V Coupe
Chassis#: GT40P1128
Sold for USD$181,500
  2006 Vintage Motor Cars in Arizona
 
1965 FORD GT MKI FASTBACK
Sold for USD$61,000
  2001 Kruse Auction - Branson, MO
 

Ford GT40s That Failed To Sell At Auction

1965 Ford GT40's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1965 Ford GT Competition Prototype Roadster 2022 Mecum : Kissimmee   
1965 Ford GT Competition Prototype Roadster 2020 Mecum : Indy$7,500,000$7,500,000$10,000,000
1965 Ford GT Competition Prototype Roadster 2020 Mecum Auctions : Kissimmee   
1965 Ford GT Competition Prototype RoadsterGT/1092019 Mecum : Monterey   
1965 Ford GT Competition Prototype Roadster 2019 Mecum : Kissimmee$10,000,000  
1965 Ford GT40P/10342013 RM Auctions Arizona$2,150,000$2,400,000$3,000,000
1965 Ford GT40 Works Prototype RoadsterGT/1112011 RM Auctions Villa d'Este$2,100,000$2,400,000$2,900,000
1965 Ford GT40 Endurance Racing Coupe10182009 Bonhams Goodwood Festival of Speed $900,000$1,100,000

Vehicles With Comparable Market Values

Similar sales to the $4,923,500 range.
1995 Ferrari 333 SP Evoluzione
Chassis#:010
Sold for $5,120,000
2024 Gooding & Company : Pebble Beach
1959 Ferrari 250 GT Berlinetta 'Tour de France' Coachwork by Pininfarina/Scaglietti
Chassis#:1401GT
Sold for $5,105,187
2023 Bonhams : The Zoute Sale
1914 MERCER TYPE 35-J RACEABOUT
Chassis#:1967
Sold for $4,790,000
2023 Gooding & Company : Pebble Beach
1965 Ford GT40 vehicle thumbnail image  1965 Ford GT40 vehicle thumbnail image  
1995 Ferrari F50
Chassis#:ZFFTA46B000103501
Sold for $5,065,000
2023 RM Sothebys : Amelia Island
1965 Ford GT40 vehicle thumbnail image  1965 Ford GT40 vehicle thumbnail image  
2010 McLaren-Mercedes MP4-25 Formula 1
Chassis#:25A-01
Sold for $4,730,000
2023 RM Sothebys : Sealed Bid
1912 Simplex 50HP 5 Passenger Torpedo Tourer
Chassis#:834
Sold for $4,845,000
2023 Bonhams : Scottsdale Auction
1965 Ford GT40 vehicle thumbnail image  1965 Ford GT40 vehicle thumbnail image  
1935 Duesenberg Model J Convertible Coupe by Rollston
Chassis#:2576
Sold for $4,680,000
2022 RM Sothebys : Monterey
1965 Ford GT40 vehicle thumbnail image  1965 Ford GT40 vehicle thumbnail image  
1955 Mercedes-Benz 300 SL Alloy Gullwing
Chassis#:198.043.5500786
Sold for $5,010,000
2022 RM Sothebys : Monterey
1965 Ford GT40 vehicle thumbnail image  1965 Ford GT40 vehicle thumbnail image  
1968 Porsche 907 usine
Chassis#:907-031
Sold for $4,849,023
2022 Artcurial : Retromobile
1958 Ferrari 250 GT Cabriolet Series I by Pinin Farina
Chassis#:0849 GT
Sold for $5,002,319
2021 RM Sothebys : The Guikas Collection
1934 MERCEDES-BENZ 500/540K (FACTORY UPGRADE) SPEZIAL ROADSTER
Chassis#:105136
Sold for $4,900,000
2021 Bonhams : Amelia Island Auction
1937 Bugatti Type 57SC Tourer by Corsica
Chassis#:57512
Sold for $4,735,000
2021 RM Sothebys : Arizona
1965 Ford GT40 vehicle thumbnail image  1965 Ford GT40 vehicle thumbnail image  
1931 Bugatti Type 55 Two-Seat Supersport
Chassis#:55221
Sold for $5,045,740
2020 Bonhams : Les Grandes Marques du Monde au Grand Palais
1958 Ferrari 250 GT Tour de France Berlinetta
Chassis#:0903 GT
Sold for $5,100,000
2019 Gooding & Company : Pebble Beach
1965 Ford GT40 vehicle thumbnail image  1965 Ford GT40 vehicle thumbnail image  
1960 Porsche 718 RS 60 Werks
Chassis#:718-044
Sold for $5,100,000
2019 RM Sothebys : Monterey
1965 Ford GT40 vehicle thumbnail image  1965 Ford GT40 vehicle thumbnail image  
1966 Serenissima Spyder
Chassis#:005
Sold for $4,800,587
2019 Artcurial : Retroobile
1965 Ford GT40 vehicle thumbnail image  1965 Ford GT40 vehicle thumbnail image  
1955 Ferrari 500 Mondial Series II
Chassis#:0556 (0446) MD
Sold for $5,005,000
2018 Gooding & Company : Pebble Beach
1965 Ford GT40 vehicle thumbnail image  1965 Ford GT40 vehicle thumbnail image  
1957 Porsche 550A Spyder
Chassis#:550A-0116
Sold for $4,900,000
2018 RM Sothebys : Monterey
1965 Ford GT40 vehicle thumbnail image  1965 Ford GT40 vehicle thumbnail image  
1957 BMW 507 Roadster with Hardtop
Chassis#:70067
Sold for $5,034,692
2018 Bonhams : Goodwood
1993 McLaren-Cosworth Ford MP4/8A Formula racing Single-Seater
Chassis#:MP4/8-6
Sold for $5,009,294
2018 Bonhams : The Monaco Sale 'Les Grandes Marques à Monaco'

1965 Ford GT40

Additional valuation insight and sales data
History
Specifications
Image gallery
Other Ford GT40 model years

1965 Ford GT40 Vehicle Profiles

Vehicle information, history, and specifications from concept to production.