The Million Dollar Phase 3

Illawarra Mercury | Monday 18th June 2018

BATHURST has won another place in Australia’s motoring history following a record-breaking car auction on Saturday. An extremely rare Ford GTHO Phase III that was once owned by former Australian fast bowler Jeff Thomson sold for just over $1 million at a Lloyds Auctions in Kelso. Lloyds Classic Car Auctions head auctioneer Bill Freeman said the price was a first for Australia. “Now we have taken it into the seven digits we expect to be inundated by Phase 3 owners and buyers which is exciting for all classic car collectors and investors around Australia,” Mr Freeman said. The million-dollar GTHO Phase III sold for just over $5000 when it burst onto the Australian the market in 1971.
Source : www.illawarramercury.com.au

carsales.com.au | Monday 18th June 2018

Australian classic car auctioneers expect to be “inundated” by owners of the legendary Ford Falcon GTHO Phase III after a unique example set a new auction record of $1,030,000 on the weekend. This pristine example once owned by Australian cricketer Jeff Thomson broke the million-dollar barrier — the first Australian production car to do so — at Lloyds Auctions in Bathurst on Saturday. Fetching more than 200 times the car’s new price in 1971 (a little over $5000) almost 50 years later, the ex-Thommo ‘Hoey’ shattered the previous record auction price for a classic Aussie muscle-car — $750,000 for another 1971 GTHO Phase III, in June 2007.

Thomson bought the prized Falcon for $23,000 in the late 1980s and it still bears its original seat belts, carpets, spare tyre and log books. It even came with photos of Thommo, who was once the world’s fastest bowler, in the car. Powered by a circa-300hp/225kW 351ci Cleveland V8 driving through a four-speed manual gearbox, the GTHO was billed as the world’s fastest four-door production car in the early 1970s. It’s believed there are now fewer than 100 fair-dinkum GTHO Phase IIIs remaining in existence and the seven-figure auction price for this special example is expected to spur more sales activity from other owners and investors. “Now we have taken it into the seven digits we expect to be inundated by Phase III owners and buyers, which is exciting for all classic car collectors and investors around Australia,” said Head Auctioneer at Lloyds Classic Car Auctions, Bill Freeman.
Source : www.carsales.com.au


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