A 1971 Ford XY Falcon GT-HO Phase III put Australian Supercars back on the agenda for collectors when it sold for $277,920 — in U.S. dollars — at Shannons Melbourne Winter Auction on May 31.

The fully-restored Monza Green sedan, which is believed to have had six owners from new and had 107,000 miles on the ‘clock’, was the subject of a fierce bidding war between floor and telephone bidders at the auction, driving its price above its pre-sale guiding range of $218,000 and up.

Bidding started at $260,000 and rose in $8,300 leaps before finally ending with victory going to a telephone bidder.

The sale confirms the status of the Phase III GT-HO as Australia’s premier muscle car of the late 1960s and early 1970s, when Ford, Holden and Chrysler waged an annual battle with limited production ‘supercars’ in the Bathurst 1000 endurance classic. The GT-HO Phase III gained cult status when it took five of the top six places in the 1971 race, with Allan Moffat at the wheel of the winning car.

The sale of the GT-HO was the cherry on top of a bumper auction for Shannons, with sales of cars, memorabilia and heritage number plates of $1.4 million, representing an impressive clearance rate of nearly 80 per cent.

For more information on this sale, visit www.shannons.com/au

Nostalgia was in high demand, with an iconic right hand drive1957 Chevrolet Belair Sports Coupe that had undergone a no-expense spared nut-and-bolt restoration selling after strong bidding for $83,000.

Meanwhile a left hand drive 1961 Chevrolet Corvette Convertible that until two years ago was the personal car of outrageous rock legend Alice Cooper, sold for $65,446. A feature of the car was its third ‘Fender’ – a Fender guitar signed by Alice Cooper that was included in the sale.

At the other end of the price scale, a 1944 model left hand drive Willy Jeep made an excellent $17,620. A 1948 Fiat Topolino 500B Coupe in lovely condition that had been in the same family for virtually all its life sold for an unprecedented $16,790

Other classic vehicles to post exceptional results included a silver 1950 Jaguar Mk V 3.5 Saloon in lovely, restored condition that made $39,457. A buyer paid $41,965 for a former-Californian 1969 Jaguar E-Type 4.2 Series 2, 2+2 Coupe.

Shannons National Auction Manager Christophe Boribon described the sale in front of a large floor crowd of 500-600 people as “a very good result”.

“We had many astute buyers looking for quality vehicles at the auction and the cars we offered realised the prices they deserved,” he said.

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