Media Release


GT40 GULF/MIRAGE LIGHTWEIGHT RACING CAR BRINGS RECORD $11 MILLION AT RM’S FRIDAY MONTEREY SALE

Monterey

- RM kicks off its 2012 Monterey auction with record-breaking $11 million sale of the 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car, P/1074
-Used extensively as the camera car in ‘Le Mans’, GT40 sets new world record for the highest price paid for an American automobile sold at auction
- Seven lots achieve individual million-dollar-plus results during RM’s Friday sale session; multiple new world records set
- Auction continues today (August 18) with the offering of an additional 60 investment-quality automobiles

MONTEREY, CA (August 18, 2012) - The iconic 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car, chassis P/1074, used extensively as a camera car in the legendary Hollywood film, Le Mans, sold for a remarkable $11,000,000 before a packed house at RM’s Monterey, California sale last night (August 17), setting a new world record for an American automobile sold at auction.

The first, by serial number, of several lightweight GT40s built for the J.W.A./Gulf team, this exceptional racing car was completed in 1968 and carries an incredible history from new. Finished in the Gulf team colors of Powder Blue with a Marigold stripe, it raced extensively throughout 1968 from Daytona to Le Mans, as well as the Le Mans trials at the hands of Jacky Ickx before it was sold to Solar Productions in 1970 and used in the making of Steve McQueen’s Le Mans. A star attraction of this weekend’s RM sale, the GT40 spurred a spirited bidding war in the room, eventually selling for a sensational $11,000,000 to a standing ovation from the crowd.

The GT40 led a series of seven individual million-dollar-plus sales during Day 1 of RM’s highly anticipated Monterey sale, including an exceptionally rare 1955 Ferrari 410 S for $8,250,000 and the supremely elegant, Pebble Beach ‘Best of Show’ winning 1938 Horch 853A Special Roadster for $5,170,000.

RM Monterey Million-Dollar-Plus Sales (Friday)
1. 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car - $11,000,000 (world record for an American automobile sold at auction)
2. 1955 Ferrari 410 S - $8,250,000 (world record for a Ferrari 410 S sold at auction)
3. 1938 Horch 853A Special Roadster - $5,170,000 (world record for a Horch sold at auction)
4. 1938 Talbot-Lago T23 Teardrop Coupe - $2,640,000
5. 1965 Shelby 427 Competition Cobra - $1,485,000
6. 1998 Mercedes-Benz CLK-GTR - $1,100,000
7. 2001 Audi R8 Le Mans Prototype Racing Car - $1,034,000

Additional notable Friday sales included:
- a highly original 1965 Shelby 289 Cobra Mk II, just one lady owner from new, well-surpassed its pre-sale estimate, selling for $792,000;
- a 1974 Ferrari Dino 246 GTS ‘Chairs and Flares’ attracted fierce bidding, realizing a world record price of $467,500; and,
- a perfectly preserved, time capsule 1989 Ferrari Testarossa also entered the history books, doubling its pre-sale estimate to sell for a world record $264,000.

RM’s annual Monterey sale continues today, Saturday, August 18 at the Portola Hotel & Spa and Monterey Conference Center in Monterey, CA. In total, some 120 automobiles will cross the auction podium over the two days as part of the most significant auction offering ever presented on the Monterey Peninsula.

Saturday highlights:
The Saturday sale session is set to further continue RM’s strong track record for Ferraris in Monterey with the presentation of a highly coveted 1962 Ferrari 250 GT SWB California Spyder (Est. $7,500,000 - $9,000,000) and an extremely rare 1956 Ferrari 250 GT LWB Berlientta ‘Tour de France’, the very first of the second series 14-louver design (estimate available upon request). Among other notable entries poised for RM’s auction stage on Saturday are a terrific series of racing Porsches, led by the ex-Jo Siffert 1971 Porsche 917/10 Spyder Can-Am Racing Car (Est. $2,900,000 - $3,500,000); a magnificent series of Aston Martins, including a 1955 Aston Martin DB3S Sports Racing Car (Est. $3,500,000 - $4,000,000); and a time capsule 1967 Ford GT40 Mark I, just two private owners from new (Est. $2,300,000 - $2,700,000).

Saturday’s sale will also feature a trio of pedal cars, specially customized by some of the country’s hottest hot rod builders as part of the Petersen Automotive Museum’s Deuce Week celebration of the 80th Anniversary of the ’32 Ford. Proceeds raised from the sale of the pedal cars will help fund the museum’s Robert E. Petersen Free School Bus Program which brings children from underserved schools to the museum to learn about automotive history.

For those unable to attend the event in person, Internet, absentee and telephone bidding options are available, and the auction will stream live online at www.rmauctions.com, providing real-time coverage of the event.

Complete official results for RM’s Monterey sale will be posted online at www.rmauctions.com early next week.

(All figures are reported in U.S. dollars and include the 10 percent buyer’s premium)

Alexander Weaver

aweaver@rmsothebys.com

+1 864 313 6844
California, United States

Alexander Weaver joined RM Sotheby’s in 2011 as a Car Specialist after graduating from Furman University in South Carolina. Born... read more

Augustin Sabatié-Garat

asabatie-garat@rmsothebys.com

+44 (0) 74 1511 4179
United Kingdom

Augustin Sabatié-Garat joined RM Europe in 2012 as a Car Specialist after more than a decade in the collector car hobby. Gradua... read more

Barney Ruprecht

bruprecht@rmsothebys.com

+1 203 912 7168
Ontario, Canada

Barney’s interest in classic cars began at an early age after being introduced to his father’s all-original 1965 Porsche 911. Barney l... read more

David Swig

dswig@rmsothebys.com

+1 415 302 2247
California, United States

David Swig joined RM Sotheby’s West Coast division as a Car Specialist in May 2015. David is a life-long automobile enthusi... read more

Don Rose

drose@rmsothebys.com

+1 617 513 0388
United States

Don joined RM in 2006 after several years of professionally trading sports and classic cars, and after earning a reputation as a noted... read more

Donnie Gould

dgould@rmsothebys.com

+1 954 566 2209
Florida, United States

Donnie Gould joined the RM team in 2002 as a partner and Car Specialist after more than two decades in the vintage automobile auction ... read more

Gord Duff

gduff@rmsothebys.com

+1 519 352 4575
Ontario, Canada

Gord Duff began his journey with RM Sotheby’s in 1998. Since then, he has gained an intimate knowledge of a variety of marques a... read more

Jake Auerbach

jauerbach@rmsothebys.com

+1 310 559 4575
California, United States

Jake Auerbach got his start in the automotive industry at an early age, spending his summers during high school working at a classic c... read more

Kurt Forry

kforry@rmsothebys.com

+1 717 623 1638
California, United States

Having worked for Bonhams’ Automobilia department for over 10 years, Kurt Forry joined RM Sotheby’s with more than a decad... read more

Matt Malamut

mmalamut@rmsothebys.com

+1 805 231 6410
California, United States

A long-time car enthusiast and Southern California native, Matt studied Automotive Technology at San Diego Miramar College and complet... read more

Michael Squire

msquire@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Michael Squire joined RM Sotheby’s European Division in the summer of 2016. He comes to RM with a prestigious racing background ... read more

Mike Fairbairn

mfairbairn@rmsothebys.com

+1 519 352 4575
Ontario, Canada

As one of the three founding partners of RM Sotheby’s, Mike has a long-standing interest in the classic car industry. Graduating... read more

Oliver Camelin

ocamelin@rmsothebys.com

+44 (0) 75 0110 7447
United Kingdom

With an extensive background in exotic sports car history and sales, a particular passion for American curves, and fluency in three la... read more

Paul Darvill

pdarvill@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Paul Darvill joined the RM Sotheby’s European team at the beginning of 2015. Paul holds a degree in French and Politics from the... read more

Pete Fisher

pfisher@rmsothebys.com

+1 519 784 9300
Ontario, Canada

Pete Fisher was first introduced to antique cars in high school, working for Classic Coachworks in his hometown of Blenheim, Ontario. ... read more

Shelby Myers

smyers@rmsothebys.com

+1 310 559 4575
California, United States

Shelby Myers grew up with the classic car industry infused into every aspect of his life. He had the unique opportunity to watch the R... read more

Tonnie Van der Velden

tvandervelden@rmsothebys.com

+31 653 84 19 60
United Kingdom

Tonnie Van der Velden joined RM Sotheby’s European division in September 2015 as a Car Specialist. A lifelong enthusiast, Tonnie... read more