Ford GT40 fetches $11 million, sets auction record for a U.S. car

The works Gulf/Mirage, finished in trademark powder blue with a marigold stripe, was estimated to fetch more than $8 million. (RM AUCTIONS)

By:

Scott Reyburn

August 18, 2012 05:00 AM

MONTEREY, Calif. (Bloomberg) -- A 1968 Ford GT40 racer sold Friday for $11 million -- a record for any American auto at auction -- at the start of a series of car sales in California with an unprecedented lineup of high-value classics.

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