Prices for classic Ford Falcon GTs are going through the roof on the collector car market in Australia, and auction house Shannons sold the white GTHO pictured right for $Au525, 000 at its winter sale in Melbourne on Monday night.
Four classic Ford GTs headlined the 66 lots at the Melbourne Winter Classic Auction with the 1971 XY GT Phase III topping the bill.
More than 2000 people packed the auction room for the sale.
Delivered new in 1971 and just one of 39 Ultra White GTHO Phase IIIs built, the half-million dollar GT has covered 110,068 miles since new has been thoroughly checked over by leading GT experts and is regarded as being a “very clean example of this ultra desirable Ford muscle car,” Shannons said.
At an auction in March a similar GTHO Phase III sold for $Au680,000.
With matching numbers, the Phase III was repainted in the original colour several years ago while the interior trim remains original. The car sits on the correct style Globe wheels, with matching spare and comes with the desirable numberplates HOXY-71.
Why are GTHOs becoming so popular with Australian collectors?
Shannons suggests that it may be because only about half of the 300 built remain in original condition, or that it was the ultimate Falcon GT in terms of raw performance.
It was also the fastest four-door sedan in the world at the time – Wheels magazine had a classic photo of a GTHO charging hard with 145mph showing on the speedometer.
A vermillion Fire 1971 XY GT Falcon (at top) in Shannon’s Monday sale sold for $Au211,500 against an expected price of $Au150,000.
A 1967 XR GT Falcon sold for $52,000.