November 21, 2018

Phase IV Falcon Breaks Ford Aussie Muscle Car Record at Auction

A Ford Falcon GTHO Phase IV has achieved $2 million at auction
A Ford Falcon GTHO Phase IV has achieved $2 million at auction

A Ford Falcon GTHO Phase IV has broken the record for a Ford Australian Muscle car. The extremely rare 1 of only 3 in the world Ford Falcon GTHO Phase IV achieved $2 million at auction, smashing the previous record price for an Aussie Ford Muscle Car.

“This was a fantastic result for the classic car market which is growing from strength to strength. The anonymous Australian buyer is extremely excited about owning a piece of iconic Australian history,” said Brett Mudie, Chief Marketing Officer at Lloyds Auctions.

“It didn’t surprise me that the car sold for this amount. We were expecting it to smash the last record quite easily, with bidding already at $1.5 million 3 days before the auction. The Phase IV’s limited number, immaculate condition, celebrity affiliation (with links to Fred Gibson and Allan Moffat) along with its chrome bumper all contributed to the car selling at this price and will underpin its value into the future.

“With the Phase IV and more strong bidding on Phase III’s over the weekend, it really shows that the market is continuing to strengthen with an opportunity to own an enjoyable investment that seems to be rising in value at a faster rate than property.”

In March this year an A9X Torana SLR 5000 sold for $365,000, doubling the original record for this type of car. In June, Australian cricketer Jeff Thomson’s old Ford Falcon GTHO Phase III was the first of its kind to break $1 million in a public sale, then Peter Brock’s dual Bathurst winner more recently sold for $2.1 million.