World Record Price for Ford Falcon?

[GTRMagic]

Auction Result Here

To quote:

Originally Posted by Bonhams and Goodmans Auction website

Hammer Price: $605,000
Price IBP: $683,650

In Aussie dollars admittedly.

A$683k would buy you 22 and a bit brand new base model Ford Falcons.. or a brand new Falcon V8Supercar and some cash for engines and spares.

Amazing money!

[STEALTHY]

Are you suggesting the car isn't worth that?

Because its only worth what someone will pay for it.


Even Genuine SLRs or XU1s are still fetching good money, well over the newest model (obviously the commodores is the closest thing to a torry) is today.

Obviously they'd have to be in immaculate original condition, but even a genuine Walkinshaw (little bit newer, but same historics) is still getting more than new. I remember seeing one at auction a few months ago, and the reserve was 'offers over $50,000'.

[Peter Mallett]

Can I move this to Classics please? Oh, I have.

[johnh875]

To put it in perspective, it's worth noting that at the same auction a 3 1/2 Litre Bentley done up to Old Mother Gun specs sold for AUS$480k, to a buyer in the Netherlands.

I have also heard a rumour that the one-and-only production GTHO Phase IV might be for sale, for $2.2million

[GTRMagic]

Originally Posted by Peter Mallett

Can I move this to Classics please? Oh, I have.

Sorry boss

The car is Here also with a lot more pics

No way it is worth that kind of $$, not without provenance of a racing history or something of historic value!

[zefarelly]

bargain !!!

you could build one from scratch for half the price probably.

[johnh875]

Originally Posted by GTRMagic

No way it is worth that kind of $$, not without provenance of a racing history or something of historic value!

That's your opinion, obviously there were at least 2 people participating in the auction who thought it is! There can only be a handful of Phase 3's with less than 25,000 miles on the clock.

The fact there were only 300 made to begin with, and they were the pinnacle of the Australian supercar not only at the time but for another 2 decades means every single one has historic value.

[John Turner]

In sterling, that is over £281,000. Very strong money, but I guess John's last sentence above, goes a long way to explaining why!

[johnh875]

They are claimed to be the fastest four door cars in the world at the time, and from what information I can find it is correct. The only possible opposition would be US Highway Patrol cars but they seem to top out around the 140mph mark so there would not be much in it. The Phase III would do 142mph on the rev limiter, remove it and they would do 155 reportedly. The official, rev-limited speed is equal to, or better than the Mercedes 300SEL 6.3, Jaguar XJ12 S1, Montiverdi, De Tomaso Deauville and Maserati Quattroporte which are all around the 140mph bracket.

[GTRMagic]

All of which can be bettered by a BMW M5 for A$226k and still have A$400k+ left over to buy a garage to put it in!

[John Turner]

Yes, but you are not talking contemporary cars here are you GTR, whereas I think John is. The first M5 came out around 1985, I believe.

[johnh875]

Originally Posted by GTRMagic

All of which can be bettered by a BMW M5 for A$226k and still have A$400k+ left over to buy a garage to put it in!

And in a couple of years time the M5 is worth $100k less and the GTHO $100k more... Don't M5's have a speed limiter anyway?

If you're comparing current day cars, less than $70k will buy an FPV Typhoon and some fairly minor modifications that will see over 350kW at the wheels, and a low 11-sec quarter mile time in street trim. Not to mention remove the speed limiter.

Geez Ferrari 250 GTOs must be worthless too because a Honda NSX will go faster?

[maximus]

I think I would rather have that Falcon over an M5 too.

[johnh875]

Believe it or not, this won’t be the record price for much longer. There is a car on the market at the moment that will go for over AU$800k, perhaps well over. It has been in storage since 1979 and has only 32,000 miles with full service history. It was laid up as superannuation. Apparently Shannons auctions wanted to handle it, in a bid to set the first million-dollar sale of an Aussie car.

[GTRMagic]

Here's One that has hit $750,000 for a Ford Falcon.

Hard to know whether it is better to have one of these at this price or a brand spanker Lambo Gallardo with a 997 911 Carrera as a daily driver

[Robert Bailey]

Cashed up Boggans

[GORDON STREETER]

What amazes me is that all these silly prices can only be hyped up by speculators and not genuine enthusiast. Unless they really do have a money tree. I shall lose a lot of sleep when it all go's tits up again.

[johnh875]

Gordon I don't think it is entirely speculators, eg the $683k sale was to a guy who has done well in his business and also bought the last Monaro off the production line in 05, which was a >$300k effort from memory.

I don't know how accurate it is, but I have heard that the 100-odd Phase III's remaining are owned by something like 70-80 owners, and this number is shrinking rather than expanding!

Meanwhile, this link is a good read, the story of a couple of Phase IIIs travelling by road the 2150 mile trip to the Falcon GT Nationals in Perth earlier this year. Don't miss the shot of the speedo needle off the clock! http://blog.hemmings.com/index.php/2...llarbor-plain/

[DAVID PATERSON]

This is the subject of a major feature in the current edition of Wheels magazine.

[johnh875]

When I get the time I'll have to look at some of the previous prognostication efforts in some of the old magazines I have, it will be interesting to see how they compare to what has happened. One that came to mind was the first issue of the Aust. Muscle Car magazine which had a feature of "Bathurst cars under $20k" but did not predict values. However an XR GT which was under the $20k mark then now go for more than $50k.

[mountainstar]

Prices will crash when they go "I bought a Ford Falcon for 650k and all I got was a creaky old family sled with a V-8".