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    Tom Shaughnessy
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    Ford GT40s Market highlight Buying / #Ford-GT40 / #Ford / #Ford-GT40P

    GT40 expert Tom Shaughnessy ponders the wisdom of selling three examples at the same time.

    At the forthcoming Monterey sales there are three GT40s being offered – two at RM Sotheby’s and one at Mecum Auctions. To my mind, that’s absurd – I don’t know what they’re thinking. It’s simply too much – the market cannot absorb three not-that-special but very specialist cars of the same model in one weekend.

    Sure, one will sell well, but I predict the others will be no-sales or produce disappointing results. That figures because one of the cars is good, one isn’t, and the third is a boy racer machine modified for a specific purpose. Sadly, there is no purpose for a car like that in the US. Maybe it will sell to Europe, but only if enough buyers come over for it. The market for GT40s is a little different there, with different race regulations and so forth.

    The thing is, GT40s are real odd ducks. One day they are hot, the next no one wants to know. A few years back a bad one sold well at Monterey, for $3m – that was all the money and more. So I decided it was time to sell mine at the Scottsdale sale the following January. It failed to get bids there but soon after I sold it privately – for 40 per cent more than I’d have taken on the day at Scottsdale. There’s currently one on offer privately for $3.5m, and it will probably make that. But none of the Monterey cars is likely to get to that figure. This is just a bad marketing plan.

    For my money the best car is the one at the Mecum sale. It’s from a Canadian dealer and has recently been restored. It was also the first road car delivered to North America and has only covered 11,000 miles. And it’s never been offered for public sale before.

    ‘The market cannot absorb three not-that-special but very specialist cars of the same model in one weekend’

    Chassis 1057, up for grabs with RM Sotheby’s at Monterey, was originally green with #Borrani wheels but was repainted red with white stripes and fitted with BRM race wheels during its restoration.
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    Tom Shaughnessy
    Tom Shaughnessy joined the group Ford GT40 / GT Club
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