Million dollar muscle car

BZINGA · 16-11-2006, 03:27 AM

I dont know if anyone else has heard but the latest Phase 3 that has been sold, went for just over $830,000. The last two sold at $700,000 & $420,000. Who will be the lucky person to own the first million dollar Phase 3.

**Polyal** · 16-11-2006, 08:09 AM

Someone with more money than brains IMO.

There is no way in hell a GTHO will be worth more than $1M. Its just a pumped up Falcon FFS. Get a rare/vintage Merc or porsche if you have to, atleast they have world wide appeal.

I love my GT's, but they are not worth that much.

**Full Noise** · 16-11-2006, 08:17 AM

Quote:

Originally Posted by Polyal

Someone with more money than brains IMO.

There is no way in hell a GTHO will be worth more than $1M. Its just a pumped up Falcon FFS. Get a rare/vintage Merc or porsche if you have to, atleast they have world wide appeal.

I love my GT's, but they are not worth that much.

I couldn’t have said it better myself. TRIK67, do you have proof that this figure was actually paid for these vehicles. Unless I see cold hard proof I couldn’t believe that anyone would be stupid enough to pay this sort of money for a bloody Falcon.

**Polyal** · 16-11-2006, 08:20 AM

Quote:

Originally Posted by Full Noise

I couldn’t have said it better myself. TRIK67, do you have proof that this figure was actually paid for these vehicles. Unless I see cold hard proof I couldn’t believe that anyone would be stupid enough to pay this sort of money for a bloody Falcon.

I mean seriously, lets say max a full resto would cost say ~$100,000 for parts and labour, initial cost to buy the car can range from ~$50,000 to ~$200,000 depending on condition.

Where the heck did all that ~$500,000 to $600,000 come from?

I put approxiamtes because I am not in the business, but I cant be that far off

OLDFORDNUT · 16-11-2006, 08:24 AM

easy, Australia has ten times the millionairs it had 10 years ago in these boom times, and a million dollars for something special that no one else has is petty cash to a lot of people,i only wish i was one of those people.

**Full Noise** · 16-11-2006, 08:33 AM

Quote:

Originally Posted by nicholas

easy, Australia has ten times the millionairs it had 10 years ago in these boom times, and a million dollars for something special that no one else has is petty cash to a lot of people,i only wish i was one of those people.

Just because there are more millionaires still doesn’t mean that anyone would be stupid enough to pay this sort of money for a Falcon. I’m also sure that there were more than two of these cars built.

OLDFORDNUT · 16-11-2006, 08:51 AM

Quote:

Originally Posted by Full Noise

Just because there are more millionaires still doesn’t mean that anyone would be stupid enough to pay this sort of money for a Falcon. I’m also sure that there were more than two of these cars built.

actually the two top dollar cars are quite rare.//
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people pay $30,000000 for Picasso paintings that are horrible in my oppinion .
yet thousands say they are Astute investors.go figure.

BJ · 16-11-2006, 08:58 AM

If that's the case, how come the humble old Lola AKA GT40 is still worth so much?? The Lola is lucky to bring anywhere near the price of a GT40, same car one have a V8 won less races. Then there is the Lola. I know we are talking about Falcon's here but?? for my money there not worth it but it is up to the individual isn't it. Bj

**Full Noise** · 16-11-2006, 09:01 AM

Quote:

Originally Posted by nicholas

actually the two top dollar cars are quite rare.//
/////
////
people pay $30,000000 for Picasso paintings that are horrible in my oppinion .
yet thousands say they are Astute investors.go figure.

They can be as rare as roginaw st*t but at the end of the day, they’re still Falcons. There are plenty of GT’s worth over a million dollars, however, these are GT 40’s and have a world wide appeal and a greater racing pedigree.

People are also prepared to pay big dollars for art work because it appeals to a wider demographic.

Edit: BJ bet me to it on the subject of GT 40’s.

**Polyal** · 16-11-2006, 09:04 AM

Exactly...hmm let me see, a GTHO or a GT40. Go all around the world and the GT40 has respect, unfortunately the GTHO is unknown. Its popular because of Bathurst and the line "fastest sedan in the world". Must have been a quiet year...

**Raptor** · 16-11-2006, 09:10 AM

Just goes to show that having a stack load of money doesn't mean your smart.

FFS, who'd even pay 6 figures for a 70's Falcon, of any description.

I have never been into the collectable side of cars, they're meant to be driven.

Quicklier · 16-11-2006, 09:12 AM

Wow, 800,000!
That'd nearly get you a studio apartment in Sydney!

BJ · 16-11-2006, 09:16 AM

Quote:

Originally Posted by Polyal

Exactly...hmm let me see, a GTHO or a GT40. Go all around the world and the GT40 has respect, unfortunately the GTHO is unknown. Its popular because of Bathurst and the line "fastest sedan in the world". Must have been a quiet year...

Now you see, this is where you are wrong. The Humble old GTHO has a very big following out side of OZ, do you have any idea how many there are in the US I'm not just talking about GT Falcons i mean HO's there are quite a few and the people who have them put them up there with the like of the Hemi and there other 60s Muscle cars. Bj

**Polyal** · 16-11-2006, 09:19 AM

Quote:

Originally Posted by BJ

Now you see, this is where you are wrong. The Humble old GTHO has a very big following out side of OZ, do you have any idea how many there are in the US I'm not just talking abut GT Falcons i mean HO's there are quite a few and the people who have them put them up there with the like of the Hemi and there other 60s Muscle cars. Bj

Well I admit Im not that knowledgable about what others think, it was a generalisation. Ive never seen any articles etc of anyone outside AUS and NZ talking about GT/GTHO Falcons.

Any links?

The only car that is "known" that Ive heard of is the XC coupe, but then its modified almost beyond recongition anyway. Thanks Mel!

GXL078 · 16-11-2006, 09:20 AM

Shelby Cobra 427 worth 1M U.S. apparantly.

"By the early 1980s, they were comfortably into six figures and the collecting boom late in the decade got them close to seven. Several owners at the time decided to advertise their cars at a million and had to back down when serious offers came in. The high point came when one of them turned down $1.5 million. Along with everything else, prices dropped off in the early '90s crash, but have since come back.

Today Cobras are hot, and are now valued at about half of their historical high. I'd say that even at today's market-correct price of $627k, this one was well bought."

Warrick Fairfax had one in the company garage when my dad worked there.

People are prepared to go on and on about Holdens but really anre there any valuable GM products anywhere in the world? What is the GM equivalent of the Cobra? GT40? RS200? etc, Is it that thing Peter Brock was killed in? I don't know, why do Fords seem so much more legendary and valuable? Most Aussie's dream car is a white Commodore or one of those aweful Crewman things.

Rev28K · 16-11-2006, 10:01 AM

Quote:

Originally Posted by BJ

If that's the case, how come the humble old Lola AKA GT40 is still worth so much?? The Lola is lucky to bring anywhere near the price of a GT40, same car one have a V8 won less races. Then there is the Lola. I know we are talking about Falcon's here but?? for my money there not worth it but it is up to the individual isn't it. Bj

Competition history – GT40 won Le Mans 4 times. Lola didn’t do it with the Aston Martin engined T70 Mk1 nor with the Chev engined Mk II and III’s. I love the T70 (espec a Mk II body with Mk III underpinnings) and while they were aluminium monocoque compared to the GT40’s heavy steel monocoque they just aren’t as valuable. The originals are going up in value especially with historic racing on the rise. The GT40 was also developed a fair bit from the original Lola (cortina tail lights) prototype – monocoque, Coletti gearboxes, wire wheels, etc.

I am betting that the top end GTHO Ph3 prices are for competition cars with proven history. Those cars are one offs - i.e. Bathurst/ATCC winners.

P.S. Carroll Shelby is auctioning off his personal 427 twin turbo 427 Cobra. There were only two ever made – unique flares, paint, 3 speed auto. 1 went to Bill Cosby (and a subsequent owner crashed it) and CS kept his one. Brain Algiss (sp?) in England made a replica COB 1. But CS has the only official version of one of the hottest muscle cars ever. That will go for big $$.

P.P.S. Shame about Cudas going up in value. They were one of my fav’s for ages.

Neeek · 16-11-2006, 10:07 AM

You've got to remember that the baby-boomer generation were the people who were kids in the late 60's and early 70's, when the muscle car was king. Now those kids are grown up - their kids have left home and if they've got the money, of course they want the real version of the car they had on their bedroom wall.

I've heard of 426 Cuda droptops over on the other side of the Pacific hitting three quarters of a million, sometimes more. In fact, I seem to recall reading somewhere that a matching-numbers Hemi Cuda convertible recently got knocked down for over $1m US, a new "muscle car" record, or something.

There are a lot of very rich baby-boomers out there, so if they want to spend that kind of money, more power to them, I say.

GreenMachine · 16-11-2006, 10:13 AM

I love this!!! Clearly at some point between the thread posted by Neeek a few weeks ago about the $700,000 Phase car and this one, two things happened:

a) The Worshippers At The Temple Of The Four-Vee Head have pulled their collective (4v'ed) heads in
b) GTHO's actually got too expensive, and people on AFF acknowledged it!

I'm off to start a "VE Commodore: Looks like big Astra?" thread!

4Vman · 16-11-2006, 10:16 AM

The HO's with verified Race history command top dollar, (just like other ex racecars of significants like Brocks L34's/A9X's, GTS's etc), but the "street" used verisons of P3's are seeing about half the "racecar values" at around $250-400K.

Poetic Justice · 16-11-2006, 10:22 AM

Couldn't I go out and buy something more like the Aston used in the old Bond movies for that sort of dollar? I think I'd rather that :P

merlin · 16-11-2006, 10:29 AM

My brother in law bought a GTHO for $80K a while back, just last month someone rang him up and offered him $450K. He said no. Why? Because 1) He likes it and actaully drives the thing around when he feels like it and even lets his family members drive it whenever they want to run bloody errands (this is no show car) and 2) he can afford it so what does he care and 3) he said that if it appreciated that much in such a small window imagine what it would be worth in another 10 years.

Rev28K · 16-11-2006, 10:37 AM

Quote:

Originally Posted by blackout

Couldn't I go out and buy something more like the Aston used in the old Bond movies for that sort of dollar?

There was a bit in a recent Wheels on the Bond DB5’s. All the survivors (4 cars originally?) went for mega $$$ - one to a Casino from memory. Some people have built replicas.

http://www.klast.net/bond/db5.html

http://www.pistonheads.com/astonmart...?storyId=12402

Sam_Boss260 · 16-11-2006, 11:58 AM

Ok, basic question. How do you tell a genuine phase 3 from normal GT?

Reason? I knows someone who has a GT in original condition and they say it is a phase 3 and that its worth $$$$$$ how do you tell, what can I look for or find out to see if it actually a phase 3? From memory it is an XW GT (1970 or 1971?)

T3ts50 · 16-11-2006, 12:04 PM

Quote:

Originally Posted by saml

Ok, basic question. How do you tell a genuine phase 3 from normal GT?

Reason? I knows someone who has a GT in original condition and they say it is a phase 3 and that its worth $$$$$$ how do you tell, what can I look for or find out to see if it actually a phase 3? From memory it is an XW GT (1970 or 1971?)

XW's were the Phase 1 and 2, Phase 3 was the XY. Im not to sure how to tell the difference between GT and GTHO.

drcook · 16-11-2006, 12:09 PM

Quote:

Originally Posted by TRIK67

I dont know if anyone else has heard but the latest Phase 3 that has been sold, went for just over $830,000. The last two sold at $700,000 & $420,000. Who will be the lucky person to own the first million dollar Phase 3.

but wasnt the one that sold for $700k a fully-restored ex race car that was raced at bathurst? that would be why its so expensive.

i gtho road car would be around the 250-350k mark i would of thought?

(on a side note: any person who spends $1mil on a gtho is not what i would call "lucky")

EA2BA · 16-11-2006, 12:10 PM

i guess some people want what they want regardless of cost.

I cant see the logic in even paying 80k for an old car that you really cant do anything to as it then would lose value!

For your 80k you could buy alot better, alot newer, alot faster, alot more fun, and still turn heads...... geez the world is a strange place.

Boss 290 · 16-11-2006, 12:19 PM

i say if you have the money and you want to collect muscle cars from all over the world. you cant not have the ho in your collection. yeh it may have been just a falcon to some. but there was only 300 made. with the options they had some may be 1 of a kinds. who knows. it has great history to go with it and they look real nice. why have a mustang over a ho? its personal taste and if someone is willing to pay the top dollar for it then why not? if your a millionare like jay leno then you can afford to pay that much and have plenty left over. they make for great stories and people go ga ga over them. i think there are alot of things that are over priced so why not over price the ho too then. if i was like jay leno then i wouldnt thinktwice about buying a ho. cheers

Boss 290 · 16-11-2006, 12:21 PM

yeh but what new car for 80k are you going to get that looks as good and you are guarenteed will retain its value or even gain like the ho?

aualright · 16-11-2006, 12:30 PM

Quote:

Originally Posted by Polyal

Someone with more money than brains IMO.

There is no way in hell a GTHO will be worth more than $1M. Its just a pumped up Falcon FFS. Get a rare/vintage Merc or porsche if you have to, atleast they have world wide appeal.

I love my GT's, but they are not worth that much.

If you have the money, it is all relative.

Not sure why world-wide appeal matters, though. Do you need some German or Italian to approve of a car before you think it is worthy?

I realise you are coming from the resale viewpoint, but the ideal of collectors differs from someone who is leasing a car for 3 years and doesn't want the car's value to fall below the residual.

****

GXL078 · 16-11-2006, 12:32 PM

Quote:

Originally Posted by T3ts50

XW's were the Phase 1 and 2, Phase 3 was the XY. Im not to sure how to tell the difference between GT and GTHO.

Phase 3 has 780 holley carby, HM extractors, 6250 RPM Auolite rev limiter on the firewall, GT-HO sticker on the glovebox, H.O. stamped on the build plate.....
What's a Phase 4 worth? More than a Phase 5, LOL!