An extremely rare GTHO Phase III has broken records selling for over $1 million at auction in Bathurst this weekend.
The rare Ford once owned by Australian cricketer Jeff Thomson has sold for just over $1 million at Lloyds Auctions on Saturday.
The extremely rare GTHO Phase III once owned by Australian cricketer Jeff Thomson who holds the record of the World’s fastest bowler believed his old ‘Big Red’ – the World’s fastest production car of its time – could fetch over $1 Million when it goes under the hammer and it did. Back in 1971 this car could be bought brand new for just over $5K. This GTHO Phase III, a very original car right down to the seat belts, spare tyre and carpets was bought by Jeff for $23K just over 30 years ago.
Bill Freeman, Head Auctioneer at Lloyds Classic Car Auctions, said the price achieved at Saturday’s auction was a first for Australia.
“Now we have taken it into the 7 digits we expect to be inundated by Phase 3 owners and buyers which is exciting for all classic car collectors and investors around Australia” says Mr. Freeman.
Back in 1971 this car could be bought brand new for just over $5,000 and now has sold for over $1 million almost 50 years later.
This is the holy grail of Holden motor collector cars in Australia. A9X Toranas have been a sleeping giant over the last 30 years but people are now becoming aware that the sedan and more especially the hatchback are becoming more sought after. With this Torana being a GMP&A Hatch it makes it rarer than a VL Walkinshaw or Phase IIIFord, an extremely rare Holden Torana SS A9X GMP&A car 1 of only 33 also sold on the day for $500K.
“This car was an exciting find, it only has 14km’s on it and has been kept in a bricked-up garage for more than 30 years in near brand new condition” said Mr. Freeman.
“This sale shows that the buyer interest in Fords and Holden classics is continuing to grow after Australia’s car manufacturing closed down” continues Mr. Freeman.