A 1964 Ford GT40 prototype has been sold for $7 (€5 / £4.1) million at a Mecum auction in Houston, Texas.

A 1964 Ford GT40 prototype has been sold for $7 (€5 / £4.1) million at a Mecum auction in Houston, Texas.

One of only two models prepared by Shelby American for the 1965 season, the GT/104 prototype was raced at Le Mans by Jo Schlesser and Richard “Dickie” Atwood but caught on fire and was forced to retire. The somber story continues from there as the car wasn't particularly successful on the track.

Despite not having the greatest record, the model is an important part of the GT40 legacy and was carefully restored by GT40 specialist Paul Lanzante.

Other notable highlights from the auction include an original and unrestored 1967 Corvette Coupe - with just 2,996 miles on the odometer - that went for $725,000 (€525,020 / £433,535) and a 1934 Cadillac Fleetwood V12 All-Weather Phaeton which brought in $165,000 (€119,490 / £98,685).

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1964 Ford GT40 prototype fetches $7 million at auction [video]