Dec 29, 2016 11:33 AM EST
Iconic Ford GT Prototype Goes To Auction! Details Unveiled Here!

The Ford GT prototype lodged as a supercar was reported to be on sale and up for auction. Lodged as the first vehicle to sell at $1 million as a supercar, the tested and tuned model by Camillo Pardo, Fred Goodnow, and Carroll Shelby will be up for grabs during the Monterey Car Week.

The Ford GT prototype up for auction is that of the CP-1 model which was built in 2003. It is currently on display at the Henry Ford Museum in Dearborn, Michigan and has been branded with the number 004, the vehicle used as the test mule of the company for several years.

The Specs and Value

Per Motor Trend, the model was never lodged as a production-based model due to its "sniffer pipe" for emissions testing. It was initially valued at $45,000 which had a quick-release fuel tank, black supercharger, and valve covers. Furthermore, it housed Ford's monitoring equipment and has an aluminum headliner.

It was under the ownership of a Ford collector, Joey Limongelli, way back in 2008. The Ford GT prototype was then recorded to generate 200 mph and has a 5 mph speed limiter. These features made the model a display type.

In other news, Motor Authority reported the vehicle to be installed with carbon fiber for its rear clamshell. Its uniqueness was due to the number of people who worked on developing it through the years and was labeled as "The Complete Owners Experience."

The Downside

Although the Ford GT prototype has impressive features, it had been lodged as unfit for the streets. With its rareness, the company has imposed an agreement-based deal for the winning bidder. In fact, Ford has suggested that it be banned from future transfers.

The Ford GT prototype will be up for auction this coming Jan. 16-22, 2017, at the Russo and Steeles auction in Scottsdale, Arizona.

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