Equipment
One of two spare GT40 Mk IV chassis left over from the Le Mans racing program. This example was later completed using spare parts and period correct items, including the tunnel port 427 engine.
Condition
#3 Good
Runs and drives well. Flaws not noticeable to passersby. Most common condition.
Built up from an original, never used, spare tub, passing through various specialists in the U.K. until it was assembled with an assortment of FAV spares, powered by a tunnel port 427 and given this number by agreement with the owner of the other surviving spare tub. Good paint with a few minor cracks on the clamshell near the driver's door as well as a few chips at the bottom of the rear window. The clamshell latches also have some worn paint. The interior has little obvious wear. A reasonably well maintained example since completion in the late 80s. Never actually raced or used in period and the possessor of an FIA HTP acknowledging its construction to correct period configuration.
Market commentary
It's real enough to be worth nearly $2 million, and not worth so much, nor so irreplaceably historic it can't be driven with verve. A Mk IV with period competition history is about three times this price and the driving experience and appearance are the same resulting in a transaction here that is fair to both the seller and the new, very lucky, owner.