Heroshot

2005 Ford GT

RM Auctions Online Only Open Roads Fall
Wednesday, 11 November - Friday, 20 November 2020
$522,500
Sale Price
$500,000 - 600,000
Est. Range
Yes
Reserve
20 November 2020
Sold Date
2043
Lot Number
#2
Original
RM Sotheby's
Auction House
Chassis no. 1FAFP90S55Y400002. Black with silver stripes over black leather. 330-cid, 550hp, 6-speed manual. Includes, stripes, painted calipers, BBS wheels, and McIntosh stereo (all four options). Comes with Marti Report, reproduction window sticker, car cover with original tote bag, air compressor and tow hook.

Evaluation: Production chassis 02, delivered new to Michael Dingman, who was on the board at Ford. Two owners since, and showing 223 miles. No wear to speak of, not that there should be reason to expect any. Recently got an oil change and fluid flush, so it could theoretically be driven, but probably won’t. Located in Florida.

Bottom Line: Perfect condition and low miles are the rule, not the exception when it comes to 2005–06 Ford GT’s, but this one brought a $200,000 premium. That’s because it’s special in another way. RM touted this car as “the lowest chassis number ever likely to be available to the public.” That’s probably true, at least until the next time this car crosses the block again. It has a full sale history, with Dingman having sold it through RM in 2012 for $242,000, a massive price at the time. It then brought $451,000 at Auctions America’s Fort Lauderdale auction in 2015 and with fewer than 100 miles on its odometer. Only a handful of GTs have brought more than half a million at auction, including Wayne Gretzky’s Heritage Edition car that brought $511,000 in October and a 2.4-mile car (also a Heritage Edition) that sold for $533,000 back in March. It makes sense for this car to be in that handful, given that that tiny VIN and the provenance of belonging to a Ford insider.

by Andrew Newton
10 December 2020
2005 Ford GT
2005 Ford GT side
2005 Ford GT interior
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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.