Mecum 2016 Monterey Auction highlight: 1966 Ford GT40 MK I

Estimate: $4,000,000 - $5,000,000

Built at the Ford Advanced Vehicles factory in Slough, Buckinghamshire, England, P/1028 was the first road car delivered to North America. When P/1028 landed at the Ford Division headquarters in Dearborn, Michigan, it was briefly used as a test and evaluation car on Ford's test track. Shortly after, it served as Ford North America's official Promotional GT40.

In many ways, these early road cars were production racing coupes slightly converted for the street, but they still carried many of their competition features, including only driver-side seat support, two fuel pressure gauges, battery-mount brackets in passenger foot well, lighter fiberglass, etc. At the same time, they developed P/1028 to be as comfortable and luxurious as possible to show the U.S. market, and it is the only GT40 outfitted this way. Fully optioned and fitted with leather upholstery and trim, padded dash, air conditioning, centered rearview mirror, heated windscreen and luggage boxes. In addition, the build sheet noted "undersealed chassis" and a "High Performance" 289 with a single Holley 4-barrel carburetor and Sunbeam Tiger air cleaner and rated at a healthy 335 HP. Using the same ZF 5-speed gearbox as the race GT40s, the road cars employed special exhaust silencers, softer brake pads and shock absorbers that were 25-percent softer than the race units. Making these road cars much more suitable for the street, still, the road coupes were capable of astounding performance, very similar to the production racing coupes.

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