A Ford Falcon GTHO Phase III – once owned by legendary Australian fast bowler Jeff Thomson – is tipped to set to hit the Australian muscle-car record when it its auctioned on June 16.
Lloyds Classic Car Auctions hopes to achieve the predicted $1 million price for the car. If this happens then it will easily beat the previous record of $750,000 paid in 2007.
The demand for local muscle cars in original condition with a full history is increasing and recent examples have sold for $500,000-$700,000.
The value of a classic vintage car can be inflated if it had previously been owned by a race driver or someone involved with the car’s development like Allan Moffat – an Australian Touring Car Championship winner between 1965 – 1989.
That sort of ownership would add to the car’s prestige. The reality is there were only 300 cars built and the survival rate has remained fairly high. People who know about these cars need it to be 100 per cent perfect if they’re paying that sort of money.
The Phase III was the world’s fastest four-door car when it was launched in 1971. Just 300 were built and they cost about $5000 new.
Mr Thomson paid $23,000 for the car in the 1980s and the current owner believes the vehicle’s immaculate condition and provenance will ensure strong demand.
“This car has a soul. Everybody knows where it has been,” he says.
The auction house says the car comes with its original log books, along with photos of Jeff with the vehicle.
The Phase III will be auctioned alongside an A9X Holden Torana four-door prototype and a ute Ford delivered to Allan Moffat to tow his race Mustang.
The auction will be held at the home of Australian motorsport, Mount Panorama, Bathurst.