A rare 1971 Ford Falcon that’s been kept inside a garage for the last 25 years will be auctioned off next weekend for more than $550,000.
The GTHO Phase III is a part of a large auction that belongs to the Gosford Classic Car Museum.
Originally this nugget gold muscle car was bought for $5500. Experts are calling it a ‘barnfind’, meaning the vehicle can be stripped back and restored to its former glory.
The transformation of this vehicle could potentially increase the value by double for whatever is paid at the auction, so around a million dollars.
“Next time you see it, it will be beautifully done up and it will probably be worth towards a million dollars,” says museum curator Ken Grindod.
According to Grindod, the owner of the Falcon kept two volumes of logbooks – whenever the car would be taken for a drive it would go straight into the logbook.
The car has not been driven since 1982, until two weeks ago when fired up and started perfectly.
“It actually ran like a clock after all those years,” Grindod said.
The vehicles going to auction this Sunday 29 October include:
1970 Holden Monaro originally $3,900 now $220,000
1978 Ford Cobra originally $9,474 now $150,000
1969 Ford Falcon originally $4,200 now $100,00
1966 Volkswagon Kombi originally $2,300 now $110,000
1998 Porsche 959 originally $290,000 now $2,200,000
1968 Lamborghini Miura originally $27,000 now $2,600,000
1966 Aston Martin DB6 originally $4,995 now $600,000
1969 Chevrolet Camaro originally $3,995 now $300,000