The rumor was the car had a $10M reserve. The car has been paraded around the U.S. in anticipation of last Friday's auction. This was the car in Sebring in March:
A friend tried to buy the Alan Mann GT 40. This was the second car in the stable and had the most wins of any privateer GT 40. It was a no-sale at $2M (rumor was the reserve was $2.5M). The other Alan Mann car is being restored.
A lot of cars went back to their original home. The guy that restored/auctioned the "last Sting Ray" brought 10-12 Corvettes and none of them sold.