A 2006 Ford GT he purchased new is crossing the auction block at the Barrett-Jackson event in Scottsdale, Arizona, Saturday night.

The GT was a modern reboot of the GT40 racing cars with which Ford famously won the 24 Hours of Le Mans four years in a row from 1966 to 1969.

The GT is powered by a 550-horsepower supercharged V-8 mounted behind the seats and was delivered to customers with an electronically limited top speed of 205 mph.

Its very durable engine has made it a favorite of custom car builders who compete in top speed competitions.

"Values have indicated that the Heritage Edition 2006 Ford GT is the one to have," John Wiley, manager of valuation analytics at Hagerty, told Fox News Digital.

"The Hagerty Price Guide Condition 1 value is up 58% over the past three years to $710,000, compared to a standard '06 Ford GT, which is up 28% to $490K over the same period," Wiley said.