Pristine Ford Falcon GTHO Phase III sets new auction record

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A pristine Ford Falcon GTHO Phase III set a new sales record for Australian-made cars, which sold this weekend for A $ 1.3 million (NZ $ 1.35 million). Well, a new official record – it’s still below the “just under $ 2 million” private sale price of a GTHO Phase IV at the start of September.

This one is one of 12 finished in Yellow Glo and one of 500 Phase IIIs built, featuring a beige vinyl roof and the original 5.8-liter V8 with 30,875 miles (49,688 km) at counter.

At its peak, the Phase III was the world’s fastest four-door production car and cost AU $ 5,000 (approximately NZ $ 61,000 in 2021).

One of 12 Yellow Glo Ford Falcon GTHO Phase IIIs sold for $ 1.3 million, a new sales record for an Australian-built car.

Provided

One of 12 Yellow Glo Ford Falcon GTHO Phase IIIs sold for $ 1.3 million, a new sales record for an Australian-built car.

The car was sold by Lloyds Auctions, who said it had not driven for 18 years, and carries accolades such as the outright winner of the Classic Grand Tourer at the 2003 Bathurst GT Nationals and finalist in the Best Restored category. at 2019 Adelaide GT nationals.

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Despite the record selling price, Lloyds actually thought he could go further.

The Phase III was the world's fastest four-door production car in 1971.

Provided

The Phase III was the world’s fastest four-door production car in 1971.

“We expect this car to break Australian classic car records indefinitely. Its current bid is in the top six digits, and we expect it to reach between $ 1 million and $ 1.5 million on the day of the auction, ”said Lee Hames, COO of Lloyds Auctions, before the end of the auction.

“The Ford Falcon GTHO Phase III is receiving so much attention as it is the pinnacle of Australian muscle cars and has consistently held its value throughout its life since its release in 1971, so it attracts bidders including enthusiasts, collectors as well as investors. “

Lloyd’s auction saw a 1996 HSV GTS-R with a # 001 build plate and XU3 ‘Yellah’ paint also sold for A $ 1 million and a 2017 HSV GTSR W1 017 change hands for $ 750,000 Australian dollars (779,310 Australian dollars).

The 5.8-liter V8 produced an official output of 224 kW, underestimated by Ford to satisfy insurers.  It really produced between 265kW and 283kW.

Provided

The 5.8-liter V8 produced an official output of 224 kW, underestimated by Ford to satisfy insurers. It really produced between 265kW and 283kW.

The GTHO record could be short lived, as Lloyds has confirmed that price negotiations for an HSV W1 Ute are expected to lead to a sale price eclipsing the $ 1.3 million paid for the Falcon.

Prices for older Holden and Ford cars have jumped in recent years, especially since Holden closed early last year.

A 1985 HDT Holden Commodore VK Group A SS, once owned by racing legend Peter Brock, sold at auction in May for a remarkable AU $ 1,057,509 (NZ $ 1,102,278), narrowly beating the AU $ 1,050,000 record set by a rare HSV Maloo GTSR W1.

Despite the impressive condition, the Phase III couldn't beat the powerful unofficial sale price of the Phase IV.

Australian Muscle Car Sales

Despite the impressive condition, the Phase III couldn’t beat the powerful unofficial sale price of the Phase IV.

The aforementioned GTHO Phase IV is one of only four built to help Ford win at Bathurst in 1972, comprising three prototypes of road cars and a race car, all of which were in various stages of development before the infamous ” fear of supercars “halted all work on Phase IV.

According to specialist car broker Australian Muscle Car Sales, he was approached several months ago by a “low-key but determined collector and asked him to get what is considered to be one of the most prized cars ever made in Australia. “.

He has started talks with former Phase IV owner Paul Carthew of Sydney and confirmed that the car changed hands for “just under $ 2 million”.


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