This is Henry Ford's first race car. After his first auto company failed, Ford turned to racing to restore his reputation. He raced "Sweepstakes" against Alexander Winton on October 10, 1901, and, to everyone's surprise, the novice Ford beat the established Winton. The victory and resulting publicity encouraged financiers to back Ford's second firm.

Auto companies often justify their participation in auto racing by quoting the slogan "Win on Sunday, sell on Monday." When Henry Ford raced the "Sweepstakes", it was a case of win on Sunday to start another company on Monday.

In the summer of 1901 things were not going well for Henry. His first car company, the Detroit Automobile Company, had failed, and his financial backers had doubts about his talents as an engineer and as a businessman. Building a successful race car would re-establish his credibility.

Ford didn't work alone. His principal designer was Oliver Barthel. Ed "Spider" Huff worked on the electrical system, Ed Verlinden and George Wettrick did the lathe work, and Charlie Mitchell shaped metal at the blacksmith forge. The car they produced was advanced for its day. The induction system was a rudimentary form of mechanical fuel injection, patented by Ford, while the spark plugs may have been the first anywhere to use porcelain insulators. Ford had the insulators made by a Detroit dentist. The engine had only two cylinders, but they were huge: bore and stroke were seven inches each. That works out to a displacement of 538 cubic inches; horsepower was estimated at 26. Ford and Barthel claimed the car reached 72 miles per hour during its road tests. That doesn't sound impressive today, but in 1901 the official world speed record for automobiles was 65.79 miles per hour.

Ford entered the car in a race that took place on October 10, 1901, at a horse racing track in Grosse Pointe, Michigan. The race was known as a sweepstakes, so Sweepstakes was the name that Ford and Barthel gave their car. Henry's opponent in the race was Alexander Winton, who was already a successful auto manufacturer, and the country's best known race driver. No one gave the inexperienced, unknown Ford a chance.

When the race began Ford fell behind immediately, trailing by as much as 300 yards. But Henry improved his driving technique quickly, gradually cutting into Winton's lead. Then Winton's car developed mechanical trouble, and Ford swept past him on the main straightaway, as the crowd roared its approval.

Henry's wife Clara described the scene in a letter to her brother: "The people went wild. One man threw his hat up and when it came down he stamped on it. Another man had to hit his wife on the head to keep her from going off the handle. She stood up in her seat ... screamed "I'd bet $50 on Ford if I had it.'"

Henry Ford's victory had the desired effect. New investors backed Ford in his next venture, the Henry Ford Company. Yet he was not home free. He disagreed with his financiers, left the company in 1902, and finally formed his lasting enterprise, Ford Motor Company, in 1903.

Ford sold Sweepstakes in May of 1902, but eventually bought it back in the 1930s. He had a new body built to replace the original that had been damaged in a fire, and displayed the historic vehicle in Henry Ford Museum.