1964 Ford GT40 prototype sells for $7 million at Mecum Auction - FOX 26 News | MyFoxHouston

1964 Ford GT40 prototype sells for $7 million at Mecum Houston Auction

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© Mecum Auctions © Mecum Auctions

Of the more than 1,000 vehicles on display at the 2014 Mecum Auto Auction in Houston, the ones purchased yielded more than $33 million in sales, including the 1964 Ford GT40 Prototype that sold for more than $7 million.

Buyers acquired more than 700 vehicles were purchased at the auction event at Reliant Center between Thursday, April 10 and Saturday, April 12.

"Our Houston event is one of the fastest growing auctions on our calendar," said Mecum president and event founder Dana Mecum. "The quality of collector cars continues to rise year after year here in Houston, and the people of this great car town are what keep us coming back to the great state of Texas. Attendees witnessed so many great cars sell at this year's auction, and several will go down as some of the most memorable in our company's history."

A capacity crowd filled Reliant Arena on Saturday with the highly-anticipated auction of the 1964 Ford GT40 Prototype GT/104. Following a bidding war that lasted more than five minutes, someone bought the car at a price tag of more than $7 million, which may be the highest price paid for an American race car at auction for 2014.

GT/104 is one of only two famously prepared and raced by Shelby American for the 1965 season and is one of the first race cars of any kind to benefit from computerized missile aerodynamics technology and the budding field of telemetry. As the first-ever 1965 Shelby American-specification GT40, chassis GT/104 is widely regarded as the most original and correct prototype Shelby American team car.

After the classic and collector car sale ended on Saturday, Mecum conducted a motorcycle auction on Sunday that included an offering of 174 vintage and antique models, 125 of which represented a total of more than $1.3 million in sales.

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