The Dingman Collection 2012

9 - 10 June 2012

Lot 845

2005 Ford GT

To be auctioned on Sunday, June 10, 2012

Sold for $242,000

  • Chassis no. 1FAFP90S55Y400002


550 bhp, 5.4-liter aluminum mid-mounted V-8 engine, dual overhead camshafts, sequential multi-port fuel injection with dual injectors per cylinder, Roots-type supercharger, six-speed manual gearbox, four-wheel independent suspension with double wishbones, and four-wheel ventilated hydraulic brakes. Wheelbase: 106.7"

At the 2002 introduction of the modern-day GT40 concept car at the North American International Auto Show in Detroit, Michigan, Ford’s Vice-President of Design, J. Mays, declared the GT40 “the ultimate living legend.” Further, he added, “It's a true supercar with appeal equal to that of the greatest sports cars in the world, but with the addition of a heritage no one can match.” Such was the roaring approval from both the press and public alike that Ford’s CEO, William Clay Ford Jr., decided to give a limited production version the green light. The catch, however, was that he wanted the first production versions to be readied in just 16 months, in time for the Ford Motor Company centennial celebrations.

In turn, Ford’s Director of the Special Vehicles Team, John Coletti, harnessed the pure essence of the GT40 concept and made it street legal. Perhaps the greatest challenge was that the production version had to live up to the legacy of the original GT40, which it achieved with the help of the legendary Carroll Shelby. In just three months’ time, with a dream team of designers, engineers, and state-of-the-art CAD technology, the SVT team met the objectives set by Ford. When completed, the first three cars were driven onto the Dearborn Centennial stage with three living legends of the Ford motorsports pantheon. Three-time Formula 1 World Champion Jackie Stewart drove the first car onto the stage, with John Coletti as his passenger. They were followed by 1967 Le Mans winner Dan Gurney, who was driven on stage by Nick Sheele, Ford's Chief Operating Officer. Vice-President of Ford’s Advance Product Creation, Chris Theodore, with none other than Carroll Shelby riding shotgun, drove the final car.

Perhaps as an early sign of the amazing turnaround achieved by the Ford Motor Company over the next several years, the SVT team achieved its production goals, with the first examples of the GT trickling out of the pipeline in 2003. Full production began in the spring of 2004, with a limit of no more than 4,500 cars set. Assembly of the GT began at Mayflower Vehicle Systems in Norwalk, Ohio, and they were transferred to Saleen for paint application at their facility in Troy, Michigan. The GT engines were built at Ford’s Romeo Engine Plant in Romeo, Michigan, with final assembly including installation of the engine, transmission, and final interior fitments, handled by the SVT team at Ford’s Wixom, Michigan plant.

While all of the GTs produced are designated 2005 and 2006 models, the first examples were delivered to their fortunate new owners in August 2004. The first Ford GT made available to any member of the general public was chassis number 10; this example was sold directly from the Ford Motor Company to its new owner at a charity auction, which took place in August of 2003, and was delivered the following year.

Other examples were offered to select clientele; it was considered such a privilege to be offered one of these early cars that part of the purchase agreement included a clause that the owner had to hold the car for at least 24 months, during which Ford had the right of first refusal to buy the car back. Chassis numbers 01 through 09 were reserved for “internal use” by Ford, following a long tradition of those first examples being offered mainly to Ford family members and certain executives.

Mr. Dingman served on the Board of Directors of the Ford Motor Company for over two decades, helping steer the Blue Oval through some of the most difficult periods in its existence. In appreciation of his service and dedication, he was offered the opportunity to acquire one of these special reserve vehicles. On the order form sent to Mr. Dingman on May 18, 2004, a handwritten notation in the offering letter reads “car #2.” Subsequent paperwork includes the dealer order, dated October 13, 2004, the dealer invoice from Portsmouth Ford, dated October 14, 2004 and the original title, dated December 8, 2004. It is believed that chassis 01 is retained directly by Ford Motor Company, making chassis number 02 the lowest numbered example of a Ford GT that will likely ever be offered to the general public.

Naturally, the finish of the car today is consistent with the specifications denoted on the order form, which specifies that it be finished in Mark II Black (which is understood to have not been available to the public until later in the production cycle) and optioned with full strips and lightweight BBS aluminum wheels, which are shod with Goodyear Eagle F1 tires; it is further equipped with a McIntosh Audiophile Sound System. A peek in the engine bay reveals lots of aluminum finish, including the structural bracing, which provides ample indication of the engine’s potency. Of particular beauty is the interior, which is mostly black, save for aluminum console, gauge bezels, and other miscellaneous trim, including the aircraft-style electrical controls. In addition, the black leather bucket seats have racing-style ventilation holes in the cushion and seat back.

The total production of the Ford GT was cut short of its limit, with just 4,038 examples produced, ending on September 21, 2006. With an electronically limited top speed of 205 miles per hour, supported by cutting-edge technology as well as race-proven handling and braking, this Ford GT offers championship winning performance and a legendary pedigree. It continues to reside in the elite club of modern supercars, and this example will be set apart from all others due to the exceptional pedigree of its existence and its illustrious first owner.

Please contact our exclusive automotive transportation partner, Reliable Carriers, for a shipping quote or any other information on the transport of this vehicle.

Alain Squindo


Detroit, Michigan

Alain Squindo joined RM Auctions in 2007, after graduating from Georgetown University in Washington, D.C., with a degree in History. R... read more

Alex Classick

aclassick@rmauctions.com

+44 (0) 20 7851 7070
United Kingdom

Alex Classick joined RM Europe in 2011 as a car specialist, after graduating from Nottingham University with a degree in Business Mana... read more

Alexander Weaver

aweaver@rmauctions.com

+1 310 559 4575
California, USA

Alexander Weaver joined RM Auctions in 2011 as a car specialist, after graduating from Furman University in South Carolina. Born into ... read more

Annette Abaci

aabaci@rmauctions.com

+49 (0) 40 441 95 737
Germany

With post-secondary degrees in Economic Science and Mechanical Engineering, Annette Abaci initially worked part-time at Mercedes-Benz ... read more

Augustin Sabatié-Garat

asabatie-garat@rmauctions.com

+44 (0) 20 7851 7070
United Kingdom

Augustin Sabatié-Garat joined RM Europe in 2012 as a senior car specialist, after more than a decade in the collector car hobby... read more

Dan Warrener

dwarrener@rmauctions.com

+1 519 352 4575
Ontario, Canada

Possessing a degree in Economics from Brandon University, Dan Warrener spent the initial stages of his career working around the globe... read more

Don Rose

drose@rmauctions.com

+1 617 513 0388
United States

Don Rose joined RM Auctions in 2006, after many years of professionally trading sports and classic cars, and after earning a reputatio... read more

Donnie Gould

dgould@rmauctions.com

+1 954 566 2209
Florida, USA

Donnie Gould joined the RM team in 2002 as a partner and Car Specialist after more than two decades in the vintage automobile auction ... read more

Gord Duff

gduff@rmauctions.com

+1 519 352 4575
Ontario, Canada

Gord joined RM Auctions in 1998, initially responsible for the transportation and logistics of the company’s auction and restora... read more

Ian Kelleher

ikelleher@rmauctions.com

+1 310 559 4575
New York, United States

Ian Kelleher began his automotive career immediately following his graduation from Oberlin College, with a B.A. in Politica... read more

Jack Boxstrom

jboxstrom@rmauctions.com

+1 818 703 2816
Ontario, Canada

Jack Boxstrom joined RM Auctions in late-1996 to assist with the recently acquired, and subsequently record-breaking, auction in Monte... read more

Max Girardo

mgirardo@rmauctions.com

+44 (0) 20 7851 7070
United Kingdom

Max Girardo started his career in the vintage automobile industry in 1998, joining Brooks Auctioneers (now Bonhams) as a car specialis... read more

Mike Fairbairn

mfairbairn@rmauctions.com

+1 519 352 4575
Ontario, Canada

As one of the three founding partners of RM Auctions, Mike Fairbairn has a longstanding interest in the classic car industry. Graduati... read more

Peter Wallman

pwallman@rmauctions.com

+44 (0) 20 7851 7070
United Kingdom

Peter Wallman joined RM Europe in 2007, following nearly two decades in the international advertising industry, read more

Rob Myers

+1 519 352 4575
Ontario, Canada

As chairman and founder of the RM Group of Companies, Rob Myers’s entire career has been devoted to the classic car industry. Ro... read more

Shelby Myers

smyers@rmauctions.com

+1 310 559 4575
California, USA

Shelby Myers literally grew up with the classic car industry infused into every aspect of his life. He had the unique opportunity to w... read more

Vinnie Mandzak

vmandzak@rmauctions.com

+1 310 559 4575
California, USA

Vinnie Mandzak joined RM Auctions’ California office in 2012 as a car specialist, following more than 30 years’ experience... read more