Historic Falcon goes to auction

And, this weekend, one will be auctioned off on the Gold Coast by Lloyd’s auctions.

Auctioneers and muscle car experts reportedly anticipate the car will reach a record-breaking $3 million, eclipsing the $2.1million paid recently for a Holden Commodore raced by the legendary Peter Brock.

Ford only built four Phase IV models before the ‘Super Car scare’ ended production in 1973. Set to be raced by Allan Moffatt and Fred Gibson, the models were abandoned after being deemed too dangerous for registered road use.

According to a Knight Frank wealth report, “certain classic cars show a higher return on investment than property and other asset classes after one, five and ten year periods”.

Brett Mudie from Lloyds Auctions says if you look at the number of records broken over the last six months in particular, you can definitely see a trend in demand for a secure yet enjoyable investment.

“Cars in original condition, with chrome bumpers, celebrity affiliation or prominent history seem to be the ones that are rising in value first,” says Mudie.