While the second generation Ford GT currently receives more attention than its predecessor – especially the just-released track-only GT MkII – the earlier GT is still one hell of a supercar. Built from 2005 through 2006, just 4,038 examples rolled off the production line, all of which came powered by a 5.4-liter supercharged V8 rated at 550 hp and 500 lb-ft of torque. The only gearbox available is a six-speed manual that directs power to the rear wheels. The first-gen Ford GT was one of the last analog supercars, a factor which collectors hold in very high regard.

And speaking of collectors, we've come across a particular 2006 Ford GT that'll surely interest them for one significant reason: insanely low miles. How low? Try just 11.7. That's right, those are only factory and transport miles. And now this supercharged V8 wonder is being auctioned online only by RM Sotheby's with no reserve.

This example, chassis number 1FAFP90S96Y400599, is equipped with all available options, which amounted to only four items: painted stripes, red-painted brake calipers, forged BBS alloy wheels, and an upgraded McIntosh radio. A total of 2,011 Ford GTs were built for model year 2006, but only 327 are finished in the Mark IV red with full stripes, such as this one. This GT was bought new at Planet Ford in Texas and its owner immediately put it into storage. The sale even includes its window sticker, certificate of authenticity, manuals, air compressive, and a car cover. Now, pricing – and here's where it gets interesting. The auction house expects it'll fetch between $280,000 and $340,000, which is very reasonable considering it is one of the few cars to have never dropped in value below its original MSRP of around $150,000.

There is, however, one small thing potential buyers must be made aware of: there is an airbag recall issued by Ford. The car's airbags must be replaced but the auction house states this is a very simple issue to deal with and it will work with the new owner to ensure the recall is handled free of charge by an authorized Ford dealer. Photos courtesy of RM Auctions/Theodore W. Pieper