XY GT Goes for $331,000

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"Falcon GT-HO Makes $331,000 At Shannons Sale

A 1971 Ford XY Falcon GT-HO Phase III put Australian Supercars back on the agenda for collectors when it sold for $331,000 at Shannons Melbourne Winter Auction on Monday May 31.

The fully-restored Monza Green sedan, which is believed to have had six owners from new and had 107,000 miles (172,000km) on the clock, was the subject of a fierce bidding war between floor and telephone bidders at the auction, driving its price above its pre-sale guiding range of $260,000-$320,000.

Bidding started at $260,000 and rose in $10,000 leaps before finally ending in a $1,000 slugging match, with victory going to a telephone bidder.

The sale confirms the status of the Phase III GT-HO as Australia's premier muscle car of the late 1960s and early 1970s, when Ford, Holden and Chrysler waged an annual battle with limited production supercars in the Bathurst 1000 endurance classic. The GT-HO Phase III gained cult status when it took five of the top six places in the 1971 race, with Allan Moffat at the wheel of the winning car.

The sale of the GT-HO was the cherry on top of a bumper auction for Shannons, with sales of cars, memorabilia and heritage number plates of $1.7 million, representing an impressive clearance rate of nearly 80 per cent."

Source: Autonews.net.au