Le Mans ’66 GT40 MkII sells for record $13m despite calamitous past

GT40 MkII chassis P/1032, retired after just 12 laps at Le Mans 1966, has become the most expensive Ford GT40 ever sold at auction
Taken from Motor Sport Online, March 2025

April 10, 2026

Le Mans ’66 is often celebrated as La Sarthe’s most memorable race, and still serves as the sporting pinnacle of Ford’s automotive might. The sight of three GT40s sailing across the finishing line, led by Bruce McLaren and Chris Amon’s black No2 entry, has come to be seen as an iconic racing moment.

However, another Ford car which suffered complete calamity at that Le Mans – after briefly being driven doggedly by American racer Mark Donohue – sold for a staggering $13m (£10.1m), the highest auction price ever for a GT40 or Ford.

It smashes the $9.8m which the third-placed Le Mans ’66 GT40 of Ronnie Bucknum and Dick Hutcherson went for in 2018.

Ford GT40 MkII chassis P/1032 was auctioned at RM Sotheby’s 2025 Miami sale on behalf of the Indianapolis Motor Speedway museum, which is moving to make its collection IndyCar only.

Collage showing Ford GT40 number 4 rear detail, engine bay close‑up, and side view with lifted bodywork, black and white photo.

The green highlights were added for distinction, a good thing considering the car’s troubled outing; 7-litre V8 engine had less use than most

Powered by a 427-cubic-inch V8 NASCAR engine, the gold and green machine may not have been victorious, but it certainly came away from La Sarthe with a story to tell.

Having first been driven by Donohue and Walt Hansgen for Holman-Moody to second at the 1966 Sebring 12 Hours, it was then used as a test car as Ford prepared for its second assault on Le Mans. This followed the ’65 race where the manufacturer claimed fastest lap but saw all six of its GT40 MkIs retire.

“The rear clamshell blew completely off at 210mph on the Mulsanne Straight”

NASCAR drivers Richard ‘Dick’ Hutcherson and Marvin Panch, both on Ford’s original list for the Le Mans ’66 entry, were given P/1032 to get up to speed, but struggled to get the best out of it and complained of handling issues. Ford’s late cult hero test driver Ken Miles jumped in and declared the handling perfect, setting a new lap record at the marque’s Kingman circuit in Arizona.

P/1032 had been registered for Le Mans ’66 with Donohue and Hansgen at the wheel, but tragedy struck when the latter was killed at the La Sarthe test session the prior April (driving a different GT40).

Mario Andretti was first listed on the Le Mans provisional entry as Hansgen’s replacement with Donohue in P/1032, but his eventual team-mate was Paul Hawkins, who had won his class at the blue riband enduro the previous year driving an Austin-Healey Sebring Sprite.

“Donohue, famous for his engineering nous, persuaded team boss Moody to let him take it on track to work out the issue”

P/1032 was one of eight GT40s entered at Le Mans ’66 as Ford launched an all-out La Sarthe assault. Three cars were run by the Shelby American team, another trio by Holman-Moody, and two from Alan Mann. Along with Donohue and Hawkins in the No4 P/1032 car, the No5 of Ronnie Bucknum and Hutcherson, plus the No6 of Andretti and Lucien Bianchi were the other Holman-Moody entries.

The P/1032 was given its day-glo green highlights in the practice sessions before the race as it became apparent that telling it apart from some of the other GT40s, even in daylight hours, was going to be somewhat tricky.

Close‑up of Ford GT40 number 4 front wheel with gold rim and Goodyear tire, black and white photo.

Then chairman and CEO of Ford Motor Company, Henry Ford II, waved the starting flag on the 55-car field – but things went wrong early for Donohue and Hawkins. Starting from 11th, the Australian fried the clutch on lap one, which in-turn broke the half-shaft and meant he had to pit for repairs on lap two.

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Heading back out after lengthy work, the car soon began pulling to one side and developed a vibration. The initial decision was to retire P/1032 but Donohue, famous for his engineering nous as much as driving skill, persuaded team boss Moody to let him take it on track to work out the issue.

It transpired upon removing the valve covers that the car had bent rods, probably from over-revving the engine following its half-shaft issue. New rods were put in and Donohue rejoined the race.

It got worse though – no sooner had he then got back on track than the rear clamshell engine cover flew off at 210mph on the Mulsanne straight, the American just barely keeping the almost-out-of-control beast on the road.

Collage showing Ford GT40 cockpit interior, dashboard close‑up, and exterior number 4 on track, black and white photo.

Remarkably original, the car remained in the Indy Museum for over 50 years before going up for sale

On reaching the pits at a crawl, officials then tried to disqualify P/1032, but Donohue successfully remonstrated with them – helped by some booing from the crowd – to let him return to the track once more and retrieve the missing cover.

“The car was pardoned from competition life but treated with no less reverence”

Heading round the circuit in a ‘naked’ GT40 at a snail’s pace, Donohue parked his car on the Mulsanne while waving away fans who offered to help – this would have meant instant disqualification.

He dragged the tailpiece towards the car and reattached it with pliers and tape, before once again setting off at a crawl to get it fixed properly in the pits.

Pit lane with multiple numbered race cars and crowd under sponsor banners, black and white photo.

#4 on its way to the start in ’66

A few laps into yet another beleaguered re-entry, a transaxle issue was considered terminal and the car was finally retired. In five hours, the car had managed just 12 laps, while the Shelby American GT40 of McLaren and Amon took a famous first Ford win, part of its celebrated, if controversial, 1-2-3.

However, with the car soon pardoned from competition life thereafter, it was treated with no less reverence, this being a perfect example of the machine which had made history for the Blue Oval. Shown ‘as-raced’, P/1032 is thought to have been displayed at the October 1966 Paris Motor Show, before going on to the March 1967 Geneva Motor Show and finally the August 1967 Monza Auto Show. The car was donated to the Indianapolis Motor Speedway Museum in 1968 where it remained until the sale.