Million Dollar GT!!

[lukey039]

Hey guys,

Did anyone catch the segment on channel 9 about the million dollar GT.I bloody missed it.

[EdFairmontGhia]

you mean the storey on this car....

OFF the showroom floor in 1971 it cost $5400. Thirty-six years later this rumbling Ford Falcon GTHO is set to fetch $1 million.

Collector Paul Carthew has a rare unrestored 1971 Ford Falcon GTHO Phase III and is very confident he can attract the huge asking price.

"It's a collector's item and I won't budge at $1 million,'' the Sydney car-lover said.

His move is timely, following the announcement yesterday that Ford's performance vehicle division is planning a reprise of its mighty icon.

Mr Carthew, who has been collecting cars for almost 40 years, said he has already had some inquiries and two people who have shown real interest.

He bought the classic Aussie muscle car 19 years ago for $40,000. He said he was very picky at the time and spent three years searching for a one-owner, low mileage model.

The car, which was even driven on a racetrack by racing legends Peter Brock and Colin Bond during a magazine shoot, now has just over 40,000 miles (68,000km) on the clock.

"It's quite an amazing car. That's why they command this sort of money, they are the icon of Australian muscle,'' he said.

Only 300 of the Falcon GTHO Phase IIIs were built in 1971 and fewer than 150 remain.
Ford's Rod Barrett said the revival plan was ``more visionary than conceptual at this stage''.

[EdFairmontGhia]

heres another article and the ad, if someone wants to contact the owner

Million dollar Oz muscle (September 2007)
Ford's legendary Falcon GT-HO is no stranger to records but until March this year, nobody had paid more than $600,000 for one


That changed when collector Daryl Mattingley parted with no less than $683,650 -- including auctioneer's fees -- for the privilege of parking a beautifully restored, bright red example of Australia's most iconic factory racer in his garage.

The figure for the 1971 Falcon was expected to instantly raise the ante on all cars produced during the supercar era of the early 1970s, including Torana XU-1 and A9X (coupe and sedan), Holden Monaro GTS 307 and GTS 350, and Chrysler's E38 and E49 Valiant Chargers.

That was in March. Now, that close-to-$700,000 figure is about to be eclipsed by a 1971 GT-HO which appeared in the last issue of Unique Cars magazine with an asking price of a cool one million dollars.

The Falcon was still available for sale when we called owner Paul Carthew for an update.

The difference here is that the Ultra White Falcon with black trim is described as unrestored and original, in the hands of its second owner and showing just 43,690 miles on the odometer.

All the original purchase documents from Mortimer Ford in Mildura in July 1991 are there, along with the revelations the car has appeared on the cover of Wheels magazine twice -- in June 1992 heralding an article titled "Time Warp" and June 2007, when it featured in the magazine's recent "Power Brokers" article.

As part of the 1992 Time Warp article, the car was driven by Peter Brock and Colin Bond for Bathurst track test stories featured in both Wheels and Street Machine magazines.

The million-dollar GT-HO is described as the "best of the best", with no expense spared maintaining that status.

The spending spree on 30 years' old Australian classics takes our home-grown products into the price region once belonging to European exotics -- somewhat ironic considering most of the local products stemmed from cars originally intended as nothing more than family transport.

And, according to the Power Brokers series of articles in Wheels magazine, they are being purchased not by your normal cashed-up lawyers, doctors and stockbrokers, but by earthier types who have achieved some measure of success and are seeking to reignite youthful memories.

Daryl Mattingley is the owner of a successful house removal business in Queensland and, at 56, belongs to the Baby Boomer generation that is generating much of the wealth behind such acquisitions.

Mattingley told Wheels magazine that the GT-HO was considered as much for its future value as for being a treasured possession. "I just think, and hope, it will be worth a million dollars." he says, "While it's a passion, it's also an investment."

Whatever it is, it's an expensive passion and an investment yet to be proven as blue-chip.

But Daryl Mattingley's outlay earlier in the year clearly set the ball rolling. The question is: Where will it stop?

[Bomber]

Hmmm I wonder How much the Bill Bourke GT is worth these days Im thinking around 1.5 million going by that.

[lukey039]

yep thats the one!

[EdFairmontGhia]

buy it, just think another 30-40 years you might get 2mil for it?

[Bipolar]

Depends on the buyers market. At the moment there are a lot of people who have the money now that they're older to buy their dream car from when they were younger. As those people start to thin out over the next 30 years, the value of these cars may peak or head in the other direction.

[Nikk O'lass]

buy it, just think another 30-40 years you might get 2mil for it?

I'ld say not, its basicly inflation. So much is said about the GTHO it has, like, 20 billion reputation pionts. Alot of pople are buing them to say they have one, i asume (well i would to if i was a millioniare and had my F40 aswell), i remeber a drug dealer in syd had a rarer green one aswell. Sorta sounds like a bling thing, when self made men are talking
"well i just bought a HO"
"thats awsome dude, go for a spin"
"Ah, its glad wrapped"

Ild say the prices will level out at a million then drop, when people realiese there are other aussie cars with as much houner as the HO.

Personaly ild like a XR GT

[old_mate]

haha

stupid kents are paying 100k for top replicas

30k for something thats just straight!

[Malakai]

I wonder what the couple of Phase IV's that are left would be worth then. Not that they will ever come up for sale again. The current owners are not likely to be selling I don't think.

If there is someone that will pay, good on him I say. If not just keep it, I'd be happy either way.

[lukey039]

Phase 5 What a dream come true to own one of them OMG!

[Brett 4777]

the 3 guys that own phase 4 gthos are

Brisbane muscle car collector David bowden who owns allan moffat race car version(he never raced it as he prefered the xy )
a sydney dentist owns the only jewel green phase 4
and last but not least

The gentlemen above Paul Carthew also owns the only road registered phase 4

must be nice to have 2 cars that could be worth as much as 3 million for the pair of them

[slo_sprint]

Personally i don't get it, i mean they are a fantastic car but for $1,000,000 there are alot of other cars i would look at before even considering one.