Legacy Metrics

1966 Ford GT40 Mk I

P/1061racingUnited States
Engine
5.7L (351 cu in) OHV V8 with four 48 IDA Weber carburetors, ~450 bhp
Colour
Dark metallic green with yellow center stripe

Ford GT40 Mk I chassis P/1061 is one of only 31 road-specification examples built, completed in late 1966 and dispatched directly to Ford's Dearborn facilities for promotional duties across the American Southeast. After passing through several owners it was acquired by Australian racing driver Bib Stilwell, who commissioned former Gulf-Wyer engineer John Horsman to rebuild it for vintage competition. The car claimed a notable victory at the 1989 Watkins Glen GT40 25th Anniversary event, defeating a field that included Sir Stirling Moss.

Ownership

  1. Auction sale
    Estimate US$3,750,000 – US$4,250,000

    RM Sotheby's catalogue lot →

  2. 1966 → 1967Factory delivery
    Ford Motor Company, Dearborn Michigan
    partial documentation

    Vehicle was retained by Ford rather than sold, assigned to the Mk I Promotion and Disposal Program and used by the Southeast Region Sales District for dealer displays, auto shows, and demonstration laps.

  3. 1967 → 1967Acquisition unknown
    Bill Watkins Ford
    partial documentation

    Dealership acquired the car at the close of the promotional circuit and had it refinished in red before passing it on.

  4. 1967 →Private sale
    Harry T. Heinl
    partial documentation

    Toledo, Ohio owner who sustained accident damage to the car during a winter storm, after which he sold it to his mechanic and subsequently sourced a replacement GT40.

  5. 1972 →Acquisition unknown
    Herb Wetanson
    partial documentation
  6. 1974 →Private sale
    Brice Spicer
    partial documentation

    Australian owner who held the car for approximately a decade before selling.

  7. 1984 → 1992Private sale
    Bib Stilwell
    partial documentation

    Noted Australian racing driver residing in Phoenix, Arizona at the time; commissioned John Horsman to rebuild the car for vintage competition, resulting in a Gulf-inspired specification finished in dark green metallic with a yellow center stripe.

  8. 1992 →Private sale
    Jim Click
    partial documentation

    Active vintage racer who oversaw an engine displacement increase, suspension and brake rebuilds, and various maintenance work over more than two decades; car repainted and prepared for sale prior to auction.

  9. Date unknownPrivate sale
    Ken Kloster
    partial documentation

    Heinl's mechanic who carried out repairs to the accident-damaged car in 1969 and sold it shortly afterwards.

  10. Date unknownAcquisition unknown
    Chris Long
    partial documentation

    Based in Henley-on-Thames, United Kingdom.

Competition

  1. 1967SCCA
    SCCA demonstration events, Southeast US

    Car was used for demonstration laps at SCCA events across the Southeast US region while on Ford's promotional tour, appearing at venues from Florida to Virginia.

  2. 1989-09-01SVRA
    GT40 25th Anniversary Celebration, Watkins Glen
    Driver: Don Roberts1st overall

    Competed against a large field of GT40s including one driven by Sir Stirling Moss, which was fitted with a larger 7-liter engine; P/1061 finished ahead of all rivals.

  3. 2015
    Monterey Historics 2015

    New brake and clutch master cylinders were fitted in preparation for this event.

Maintenance & restoration

  1. 1967
    Bodywork

    Car decorated with white racing stripes and number 5 roundels for promotional duties; twin rear Mk II brake scoops added at the same time.

    Modifications carried out while the car was in Ford's possession for the Southeast Region promotional programme.

  2. 1967Bodywork
    Bill Watkins Ford

    Exterior refinished in red after purchase by the dealership and prior to private sale.

  3. 1969
    Repair

    Accident damage sustained during a snowstorm was repaired by Ken Kloster.

  4. 1984
    Restoration

    Car rebuilt to a specification visually and mechanically similar to the 1969 Gulf Racing GT40s, finished in dark green metallic with a yellow centre stripe.

    Work overseen by John Horsman, former Gulf-Wyer chief engineer and team manager, on behalf of owner Bib Stilwell; the rebuild was highlighted in the May 1984 issue of Australian Motor Racing.

  5. 2010
    Mechanical

    All fuel lines and the fuel pump replaced.

  6. 2015
    Mechanical

    New brake and clutch master cylinders fitted; both fuel cells replaced.

    Work carried out in preparation for the Monterey Historics.

  7. Engine rebuild

    Original 302 cubic inch V-8 bored out to 351 cubic inches, producing an estimated 450 bhp, and dressed to resemble a 289 cubic inch unit externally.

    Carried out during Jim Click's ownership; shock absorbers, uprights, and brake calipers were also overhauled concurrently.

  8. Bodywork

    All cracks in the fiberglass bodywork repaired and the car fully repainted in its green and yellow livery.

    Carried out immediately prior to the auction consignment.

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Each chassis record is compiled from public auction archives and links to its source material. Ownership, competition and maintenance entries are extracted from those catalogue listings by an LLM, which can make mistakes — please contact us with any corrections. The summary is Legacy Metrics’ own writing; we do not reproduce catalogue text.

“Full” and “partial” documentation labels indicate how well each entry is corroborated in the underlying sources, not an audit of the car’s physical paperwork. Names of recent or living owners are withheld for privacy.