Aussie Muscle Car Cracks Million $ Mark

July 3rd, 2018

It isn’t often that a car of any kind makes the evening news or gets several minutes of coverage on a range of current affairs programmes. However, it also isn’t every day that a car made in Australia sells for more than $1 million ($1,030,000 to be exact) or comes with fascinating history including links to a great of the sporting world.

At the time of its release in 1971 this car was ranked as the fastest four-door production car in the world. That achievement involved wiping the floor with vastly more expensive models from Italy, Britain and Germany and taking on an array of muscle machines from the United States.

The car that cracked the $1 million barrier was red in colour and one of very few that have survived in remarkably similar condition to the day it left the new-car showroom. Similar cars have frequently been restored, repainted and in some cases even rebodied so aspects of their ‘authenticity’ have been compromised.

A few years after being built, this particular car was acquired by another genuine Aussie legend; a cricketer by the name of Jeffrey Robert Thomson who during the 1970s was regarded as the fastest and most intimidating pace bowler in the cricketing world.

Thomson when interviewed prior to the recent sale said that when he owned the car he treated it as just a normal means of transport. Despite its huge power and prodigious thirst for fuel it was driven to cricket training, shopping and taking children to school. No doubt many people who saw Jeff rumble past would have appreciated the connection between the world’s fastest bowler at the wheel of the world’s fastest sedan.

The Car in question was a 1971 Ford Falcon GTHO Phase 3. Only 300 of these 275kW beasts were manufactured and a goodly number were immediately converted into Series production racing cars.

Some like the car that Thomson called ‘Big Red’ would become their owners’ regular road cars. Just a few were hidden away by crafty buyers in anticipation of increased values.

Brand new in 1971 a Phase 3 was priced at $5250. A decade later, cars in showroom condition had doubled in value and by 1989 exceptional examples were changing hands at prices approaching $100,000.

The market during the 1990s fell back a little but by 2004 there were quite literally “paper bags full of money” were being offered to owners at car shows in exchange for their GTHOs.

Auction sales chimed in as well and documented sales peaked at $683,000 before the market jitters of 2007 were followed by the Global Financial Crisis.

Recent demand for exceptional Australian cars has been motivated by a range of factors including but not limited to the end of motor vehicle manufacturing in Australia.

Not all of us can afford to put an Aussie icon in our garage but at Enthusiast Insurance we know that thousands of cars of all ages and values are regarded as ‘special’ by their owners.

If you have a car that plays a significant part in your life and isn’t seen outside of its garage very often, the cost of insuring it with Enthusiast could be significantly lower than with other companies.  Jump on-line at www.enthusiast.com.au and see what our Drive Less…Pay Less quote could save you.

Photo from 9news.com

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