![]() That’s where it remained until its recent discovery. They utilized the GT as a daily driver before parking it under their house in around 1978. It found its way to a Queensland dealership in 1972, where the current owner purchased it. Ford Australia initially owned it as a display and marketing vehicle. Our feature car has a fascinating history. It spawned cars like the Holden Torana XU-1 and A9X and the Ford Falcon GT. The goal was success in the country’s most prestigious competition, the annual 500-mile endurance race conducted on Bathurst’s Mount Panorama circuit. The racing links are important because they were driven by the “win on Sunday, sell on Monday” marketing philosophy. Local market volumes and the need to comply with local motorsport competition meant that muscle car variants were typically based on each company’s more popular sedan offerings. The Second Generation Falcon was no exception. Holden quickly developed unique models, while Ford and Chrysler, via its Valiant brand, utilized predominantly American models with local engineering input until the 1970s. The Australian new car market during the 1960s and 1970s was dominated by local arms of the American “Big Three” manufacturers. The online auction is set to go live on Thursday, November 23rd. If any of our Down Under readers are interested in pursuing it further, they will find the GT listed here at Gray’s Auctions in Pinkenba, Queensland, Australia. However, with values climbing at an incredible rate, it is sure to head to a new home where it will receive the TLC it deserves. It requires total restoration, a significant undertaking for its new owner. It is one of Australia’s most iconic muscle cars, and it recently emerged after spending almost five decades hidden under a house. ![]() : Locating desirable classic cars hidden away in barns and garages is a global phenomenon, and no vehicle proves that better than this 1970 Ford XY Falcon GT. We can only hope the winning bidder returns it to its rightful place on our roads because this GT has hibernated for too long. This proves that even when times are tough economically, buyers still recognize a genuinely desirable classic, regardless of its country of origin. It went under the hammer with No Reserve, and after receiving an incredible 405 bids, a car I suggested might climb into six-figure territory sold for A$230,000. That was conclusively the case with this 1970 Ford Falcon GT because I significantly underestimated the interest it generated in the Australian classic community. UPDATE : There are times when I write articles like this, and I quote a potential sale price where I’m wide of the mark.
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