Feb 20, 2021

True blue record-breaker

True blue record-breaker

This electric blue Ford has just become the most expensive Australian-made production car to be sold at auction.

The 1971 Ford XY Falcon GT-HO Phase III went for $1.15 million ($1.2 million with buyer’s premium) in Slattery’s Ultimate Aussie Car Auction this week.

That beat the $1.05 million paid in January for a Holden HSV GTSR W1 Maloo ute.

The new record-holder is a Queenslander at heart.

Slattery Auctions asset manager Steve Waterman said the vehicle was first sold by Murphy Ford in Ipswich in June 1971, and had spent much of its life in Queensland.

Mr Waterman said the auction house had been confident of a bumper price for the Ford.

It had won a national Ford GT Concourse competition and featured in an advertisement for the release of a new Ford Falcon some years ago, he said.

Fastest four-door production car

This model Ford was the last of the manufacturer’s race homologation specials.

“So, effectively it was produced as a race car that could be driven on the road. There was only 300 of them ever produced,” Mr Waterman said.

“And 50 years later, there’s not very many in really good original condition in terms of all the original parts, original motor, all of those sorts of things.

“Back in 1971, this was the fastest four-door production car in the world.”

Mr Waterman said Fords and Holdens were hot auction property right now with rare high-performance sports models particularly skyrocketing in value.

The record-breaking 1971 Ford XY Falcon GT-HO Phase III was part of a liquidation sale in Perth and was purchased by a lawyer on behalf of an anonymous buyer.