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Mercedes, Record GT40 Head $220 Million Classic-Car Auction

By Scott Reyburn - 2012-08-20T17:11:27Z

Photograph by Bonhams via Bloomberg

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Ford GT40

Earlier on Aug. 17, a restored Ford GT40, formerly owned by the Bolivian tin magnate Jaime Ortiz-Patino, sold for $2.2 million on the second day of a Bonhams auction of classic motorcycles and cars at Quail Lodge in Carmel.

Valued at $2 million to $3 million, the car had been driven by Ortiz-Patino's godson, Dominique Martin, at Monza and Hockenheim races in 1969 before being damaged by fire.