Ford is auctioning off a car from its heritage fleet for the first time ever—and it’s not just any car, but the modern-classic GT.

The Ford GT Heritage Edition is the third Heritage Edition GT ever built, finished in the iconic Gulf livery that was seen winning Le Mans in the 1960s. The first-generation Ford GTs were built starting in 2004 as part of an anniversary celebration for the company the year prior. Some 4,038 were produced in total, with 343 of those being the Heritage Edition models. Ford GTs were first shown in concept form at the 2002 show in Detroit.

The cars were an homage to Ford’s famous wins at Le Mans, now immortalized in Ford v Ferrari and other automotive media. The Le Mans-winning car is known as the Ford GT40, which the car maker intended to use as the name of the Ford GT as well before rights issues forced the automaker to lop off the number. The vehicle came from that, in any case, is simply one of the greatest sports cars of the 21st century and the first modern American supercar of this millennium.

The Ford GT Heritage Edition has a 5.4-liter V-8 under the hood that’s mated to a six-speed manual transmission that makes 550 horsepower. The car was owned by the Ford Motor Company since it was built and used for marketing events, and also by the media.

The auction listing notes that the car has been involved in two damage incidents, or accidents. The auto was apparently rear-ended in 2005, resulting in “very minor damage,” and, more seriously, it went off the road and into a ditch in 2006, resulting in “damage to undercarriage.” Both issues required tending to.

Barrett-Jackson does not give an estimate, but a pristine Ford GT Heritage Edition went for $850,000 on Bring A Trailer in August, so that would be a good high estimate for how much this one might fetch. You could likely snag this one for less, even, because it has 8,435 miles on it, meaning it’s been put to use in the nearly two decades since it was built. Hopefully, the next owner adds to that number.

Ford will use the money it makes from this auction to help maintain the rest of its heritage fleet, which shows that even a multinational corporation has to make some tough choices when buying and selling cars in its private garage.

Click here for more photos of the Ford GT Heritage Edition.