1967 Ford GT40 Mk IV

2dr Coupe

8-cyl. 427cid/500hp 2x4bbl

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$4,800,000*

equal0%
#4 Fair condition#4 Fair

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Notes
Individualhistory and originality of chassis.
body.
andcomponents dictate value more than condition.
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1964-1969 Ford GT40 stats
Highest sale
$11,000,000
Lowest sale
$22,000
Most recent sale
$7,865,000
Sales
70

Photos

2 photosImages may not reflect selected vehicle.

1966 Ford GT40 Mk I Road Coupe courtesy of RM Sotheby's
1965 Ford GT40 Prototype Roadster
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Model overview

Model description

The Ford GT40 stands near, if not at, the pinnacle of collectible postwar American cars. The colorful stories and characters surrounding the model’s development, the GT40’s on-track excellence and execution of mission, and the car’s purity all contribute to its larger-than-life persona.

Motivated by Henry Ford II’s unrelenting desire to beat Ferrari on the track, reportedly due to Enzo Ferrari jilting a Ford buy-out offer, led to a partnership with Lola in 1963. The British race car manufacturer had already used a Ford V-8 with some success in their GT, and prototyping resulted in a 4.2-liter, mid-engine, alloy V-8 race coupe sheathed in a fiberglass body, debuting in April of 1964. The sophisticated car could exceed 200 mph and was a sleek 40 inches tall (thus the “40” in the car’s name). The GT40 showed promise on the track, but was ultimately too fragile to reliably compete. Enter Carroll Shelby.

Based on the success of the Cobra, Ford handed the reins of the program over to Shelby in 1965. Due to engine shortages, the Cobra’s 4.7-liter V-8 was installed instead of the 4.2-liter unit (signaling the start of the Mk I cars), and the Shelby team won their first race but couldn’t duplicate the success elsewhere. The 1966 campaign, however, was a different story. In 7.0-liter Mk II form, the cars swept the podium (in dramatic and controversial fashion) at the 24 Hours of Le Mans.

The GT40 went on to record a slew of accolades at the 24 Hours of Le Mans en route to winning the race four consecutive years from 1966 to 1969. Driven during this time period by the likes of A.J. Foyt, Dan Gurney, Bruce McLaren, and Jacky Ickx, among others, the GT40 became the first four-time winner in Le Mans history, the first and only American constructor to win at Le Mans, and the first specific chassis to win more than one Le Mans.

In addition to the Mk I and Mk II cars, seven road-going Mk IIIs were built, with several concessions to practicality. Among other modifications, the Mk IIIs had a larger read to accommodate luggage, a more streetable engine tune, a more forgiving suspension, and some interior alterations that improved comfort.

The so-called “J-chassis” cars, which combined an aluminum honeycomb chassis with a kammback body and other aerodynamic modifications, were completed in 1966, and the cars were much lighter than the Mk II race cars and lightning quick as well. Ultimately the car proved to be unstable at speed, with Ken Miles tragically suffering a fatal crash behind the wheel of a J-car during a test run late in the 1966 season. The Mk IV incorporated safety and stability enhancements to the J-chassis car as well as the Mk II’s larger V-8 engine, and a total of six were built by Shelby American in America, as opposed to England. The Mk IV only competed twice, winning both events.

Five Mk I roadsters were built, a total of five Mk I and Mk II cars received weight-saving modifications by Alan Mann, and several cars used bored, 4.9-liter versions of the Cobra engine, rounding out the cars 133-unit production history.

Today, the Ford GT40’s legacy is undisputable, and its importance to American automotive history cannot be overstated.

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Common Questions

The value of a 1967 Ford GT40 Mk IV can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $4,800,000 for a 1967 Ford GT40 Mk IV in good condition with average spec.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are based on various data sources, as detailed in About Our Prices. The Hagerty Price Guide is for informational purposes only and is not intended as financial advice. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.com/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of The Hagerty Group LLC, ©2024 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.

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