Ford Authority

177-Mile 2006 Ford GT Heritage Edition Sells For $687,500 At Mecum Indy

This 177-mile 2006 Ford GT Heritage Edition sold for a staggering $687,500 at the Mecum Auctions 35th Annual Indy Spring Classic held at the Indiana State Fairgrounds May 13th through the 21st. Not too shabby for a car that originally listed for around $150k.

Unveiled at the 2002 North American International Auto Show, the Ford GT was initially conceived as a concept car to celebrate Ford’s 2003 centennial. An homage to the GT40, the modern GT was bigger, wider, and taller than its predecessor, with all new underpinnings. Public response to the GT was so overwhelming, Ford decided to bring the concept to life in limited production form beginning in fall 2004.

Powering the Ford GT was the 5.4-liter modular aluminum DOHC V8 with four valves per cylinder, fed by an Eaton Lysholm supercharger making 550 horsepower and 500 pound-feet of torque. A dry-sump oiling system was used to lower the center of gravity. Moving the power to the rear wheels was a Ricardo six-speed manual transmission.

The first Ford GTs rolled off the production line as 2005 models. Ford wanted to give a nod to the Gulf Oil Ford GT40 chassis #1075, which did something no other car had done before: win back-to-back at LeMans – in 1968 and then in 1969. The nod came in the form of the 2006 Ford GT Heritage Edition finished in Gulf Oil livery. Only 343 units of the 2006 Heritage Edition Ford GTs were produced, making an already rare car even more so.

This Heritage Edition Ford GT just crossed the auction block at Mecum, finding new ownership for $687,500 including buyer’s fees. It is in as-new condition in its light blue and orange Gulf Oil livery over black leather that is still wrapped in pre-delivery plastic and transport stickers.

The sale of this Ford GT included the window sticker, original Manufacturer’s Statement of Origin, a Marti Report, service receipts, and clean CARFAX. To see the final result, check out the Mecum Auctions Indy Spring Classic webpage.

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