Collectible and desirable Australian-produced Ford and Holden V8 muscle cars are now consistently selling for more than a million dollars, breaking all previous auction house records.
Lloyds Auctions sold a Yellow Glow, Ford GTHO Phase III Falcon under the hammer for a record-breaking $1.3 million on September 25 following a heated online bidding war.
The auction house says the online bids roared from $800,000 onwards igniting the competition between prospective owners.
“The Ford Falcon GTHO Phase III receives so much attention because it is the pinnacle of Australian muscle cars and has consistently held its value over its lifespan since its release in 1971, so they attract bidders including enthusiasts, collectors as well as investors,” Lloyds Auctions chief operating officer Lee Hames says…. Read Full Article – https://autotalk.com.au/industry-news/australian-v8s-break-million-dollar-auction-records