A 1970 Ford Falcon with a prestigious racing history will be auctioned at the Turners Classic and Collectibles Auction this Saturday
The restored XW GTHO Phase 2 has an estimated price tag of $385,000.
The Phase 2 was bought New Zealand-new by the late racing driver Ernie Sprague in 1970 and was raced in the South Island saloon events. He sold it to another racer - Pat Monaghan - and its third owner John Gillard also circuit raced the car.
The car spent 25 years idle with an Auckland collector and was purchased in 2001 by its current owner who has restored it to become a collector’s showpiece.
Todd Hunter, General Manager Sales and Marketing, is expecting a crowd of car collectors and Ford enthusiasts to see the Falcon as well as 40 other lots.
The Classic and Collectibles Auction also features a 1961 Chrysler 300G – a rare example of a 1960s car with full matching set of numbers that has been re-painted and re-chromed. It has optional six-way electric front seats and is estimated to sell for $74,000.
Other cars for auction include a 1972 Holden Torana XUI Racecar and a 1974 Ford Falcon XBGT in Tropicano green with black accents, estimated to sell for $65,000 and $50,000 respectively.
Another lot expected to generate a stir is the 1956 Jaguar Mark 7 with just four previous owners and an estimated value of $27,500.
Todd says there are plenty of opportunities for people looking to purchase their next restoration project.
“We have an old beauty in a 1972 Morris Marina TC Coupe. It’s got about 50k on the clock and has had the classic ‘only careful lady owner’ since 1972. It would be a great do-up job and has an estimated sale price of $3,500.”
The auction is the third of five Classic and Collectable Auctions for 2009 and will be held at Turners Auctions Penrose this Saturday 20 June at 2:30pm. Viewings will take place on Friday 19 June 9am till 6pm and Saturday from 9am.