‘McQueen’ Gulf Ford GT40 Fetches $11m

A Gulf-liveried Ford GT40 has been sold at the Pebble Beach Concours d'Elegance for an eye-watering $11 million. 

This car, tied to screen legend Steve McQueen, was one of three to go for huge sums during the course of the weekend.

One of motorsport's most recognisable racers, original GT40s fetch huge sums thanks to the legendary low-slung lines, exclusivity and on-track success.

For this one - the so-called McQueen GT40 - the lure of a winning history, a movie-star association and a curious-yet-famous usage, all add up to the perfect storm of value and exclusivity.

Even the auctioneers got it wrong, citing a pre-auction value at 'just' $8 million.

This machine, chassis P/1074, is that rarest of beasts: a 1967 example, one of only two left in the world, was built as a lightweight racing special.

It started life as a Mirage M1 (chassis M.10003) and was later converted to a Group 4 GT40 in 1968 after a rule change concerning engines forced a rethink.