[cavvy]

The Falcon GT HO is the most expensive Australian muscle car. In 2007, a Falcon GT HO collector paid a whopping $750,000 .
But it's not just any Falcon, it's one of a limited number of specially-built road cars modified for use on a race track a GTHO Phase III. Just 300 such Falcons were made in the early 1970s but experts believe fewer than 100 remain.

Over the next two (2) weeks two Phase 3s come up for auction:
On Sunday May 16, one such example of the Falcon GT HO will go under the hammer, with an expected price of up to $500,000.

In what will be a test of the resilience of the auction market for rare and exotic vehicles, Aaron Muir, auctioneer for Complete Auctions in western Sydney, says the Phase 3 GT HO muscle car is likely to sell for more than $450,000.

"If it reaches $425,000 to $450,000 it's out the door," says Muir. "It will get a fair market value on what it's going to bring."

The description of the car on the Complete Auctions website admits the car is not in show condition as its wearing a few battle scars here and there. It does say, however, that if "you require history with grunt as it was in 1975 this is a must have".

The GT HO has just 24,000 miles on the speedo, and for your half-a-mill it doesn't even come with rego.

Later in the month another 1971 Ford XY Falcon GT HO Phase 3 is set to go up for auction at the Shannons Melbourne Winter Classic Auction on May 31.
Shannons has set a rather cautious range estimate of $260,000-$320,000, which could easily blow out if some serious cashed-up collectors show up on the day.