A 47-year-old Ford Falcon just sold for $1 million

Lloyds AuctionsThe $1 million Ford.

An unrestored 1971 Ford Falcon GTHO Phase III smashed auction records over the weekend to become the first Australian-made $1 million car.

The Falcon was once owned by fast bowler Jeff Thomson – who picked it up for the bargain price of $23,000 in the ’80s following his retirement from cricket. It was in original condition, sold for a new auction record of $1,030,000 on expectations of $1.2 million at the Lloyds Classic Cars Auction in Bathurst on Saturday.

That figure beat the previous 11-year-old record for a GTHO Phase III by $280,000.

Another XY GTHO Phase III Falcon raced as the “Baldwin Ford” in the 1971 Hardie-Ferodo 500 sold in March for $430,000. Another sold for $500,000 in May with the auction crew quipping at the time “you watch, in a couple of years time, that will be worth $1 million”.

Continuing the rivalry between Ford and Holden at Saturday’s auction with a 1977 Torana SS A9X GMP&A selling for $500,000.

That figure broke the $365,000 record set in March for the sale of the very first Holden Torana A9X built.

Another ’77 Holden Torana prototype A9X sold for $300,000 at Saturday’s auction.

Not to be outdone, legendary Queensland touring car champion Dick Johnson’s 1977 Ford XC Falcon sold for $330,000.

But the star of the show was Thommo’s old muscle car, known as ‘Big Red’, with photos of the bowler who first cracked the 160km/h (100mph) delivery, in the driver’s seat of what in the same era, was the world’s fastest four-door thanks to the 351ci Cleveland V8 punching out 300hp/225kW.

Less than 100 of the GTHO Phase IIIs are believed to still exist.

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