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Bid up to $77,500 today in Burbank. Auction estimate was $150-200K. 1967 Ford GT 40 Re-creation - California

Not sure where this question is best asked, but... For the October 26th, 1969 Can-Am race at Riverside Raceway, a Fiberfab Valkyrie Chevrolet was entered by Fiberfab West, Inc. to be raced by Jerry Smith, as Race Number 21. I am assuming (!) this was one of their 427 powered GT-40 replicas...