August 22, 2003

First Ford GT production car sold for $557,500 at auction

Monterey, California – The first 2005 Ford GT sold to the public garnered a crowd-pleasing $557,500 (including auction fee) on the Christie’s Auction ramp this past weekend to cap Ford Motor Company’s premier role at the Monterey Peninsula’s annual automotive showcase.

Ford GT on the auction block at Christies, Pebble Beach
Click image to enlarge

An undisclosed bidder out-dueled a host of intenders to signal Ford’s 500-horsepower “Centennial Supercar” will be a tremendous value when it goes on sale with an MSRP of less than $150,000 next spring.

“The sale of the first Ford GT for more than a half million dollars is further proof this supercar connects with customers in a magical way,” said Chris Theodore, Ford Vice President of Advance Product Creation. “The Ford GT will be one of the most affordable supercars, yet it probably has more mystique than any of its competitors. We think the car will outperform our competitors on the streets, too.”

The auction helped Ford punctuate a yearlong Centennial celebration by paying tribute to past, current and future cars as vintage automobile and race car owners converged on the Monterey Peninsula for the 53rd annual Pebble Beach Concours d’Elegance and the 30th annual Rolex Monterey Historic Automobile Races. Ford’s rich history, including the legendary GT40 race cars of the 1960s, was honored throughout the weekend as a featured marque at both events.

The auction winner will receive the Ford GT with chassis number “10”, which will be certified by Ford as the first GT sold to a customer. The car will be produced with the winner’s choice of color and options after production commences in the spring of 2004. Ford has reserved the first nine cars for internal use. Proceeds from the sale of the car will go to charities designated by the Pebble Beach Concours d’Elegance, including The Pebble Beach Company Foundation, United Way of Monterey County, The Wheelchair Foundation, and Boys & Girls Club of Monterey County.

“The highly-anticipated Ford GT is a tribute to motorsport’s most famous endurance race car. Christie’s is honored to offer the first example to be available for public purchase,” said Malcolm Welford, Christie’s vice president and head of its Los Angeles Car Department. “We have a long association with the Pebble Beach Concours d’Elegance and we are pleased to support its charities through the auction of this significant new Ford.”

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