500k For A 40 Year Old Falcon

[Phatboy]

Half a mil Falcon

Holy crap... looks like it's about to rust through and fall apart. I think some show classic muscle cars look awesome (if insanely overpriced), but this isn't even in decent condition. Why wouldn't you spend a few grand to restore a car that you are trying to sell for that amount of money? Driving in this around town most people would think it's worth about $500.

If I had 500k pocket money - let me see... Ferrari F430 spyder for weekends + R34 GTR as a daily or this.... hmmm tough decision

[Black Widow]

If i were a collector, i wouldn't pay 500k for that, no. The condition is fairly average

[scotty014]

i love that car, if i was a collector and rich i would definately snap this up. its very hard to find genuine gtho phase III's and the prices are going to keep going up. while with the ferrari's you can pick up f430's easily and there prices are just going to keep going down.

thats my opinion, this was the first car that i saw that got me into loving cars in the first place. its the best car australia has ever produced.

[Black Widow]

i love that car, if i was a collector and rich i would definately snap this up. its very hard to find genuine gtho phase III's and the prices are going to keep going up. while with the ferrari's you can pick up f430's easily and there prices are just going to keep going down.

thats my opinion, this was the first car that i saw that got me into loving cars in the first place. its the best car australia has ever produced.

agreed that the GTHO's are collectors editions.

However, not too sure i'd pay 500k for THAT one

[GTR-N1]

It's one of those cars where you'd get a smack in the face if asked the owner the question, "Now if you had to choose between your car and your wife...?"

[ARTZ]

With only 300 Phase III ever made and just over 100 left, With only 24,000kms on the clock Id say its worth every cent..And worth more with a little rust as opposed to one that has been restored..

Ive been looking for a HQ-HX monaro shell for a project as i have everything else,prices for rusted shells of cars are 5-20k...and there was heaps of them made.

While you can get a ferrari for the same price ,you will only lose money on services, (im guessing 5-10k a pop)where as this car will appreciate by as much....

Too many people how much a car is worth is actually more important than driving it...And if you have this sort of cash to throw around you can probably afford both anyway..

Personally id buy a house...

[BeEnAr]

My father in law has a mint condition XB GT that he's owned since new (drove it from the showroom) it's a fricken beast and will be worth quite a bit in the not too distant future, it's already worth a bit now!

[GTR-N1]

My father in law has a mint condition XB GT that he's owned since new (drove it from the showroom) it's a fricken beast and will be worth quite a bit in the not too distant future, it's already worth a bit now!

Q1. Does your father-in-law have a son?

if not...

Q2. Do you have a good relationship with your father-in-law?

[Phatboy]

I dunno, just can't get my head around how much people are willing to pay for something just cuz it's rare... not cuz of it's inherent value. eg., if there were 300,000 GTHOs they would be worth like $10k each. If there were 300,000 F430s they would still be worth hundreds of thousands.

I guess collector's editions appreciate a lot in value, but who among us would buy one for investment purposes? I for one wouldn't be buying, for example, a W427 for 150k. I know in 40 years time it'll be worth a lot more, but if you put 150k in a term deposit with the current interest rate for 40 years you end up with 2 mil at the end. In 40 years the car could have been stolen, written off, rusted through, spontaneously combusted, etc etc, and might not be worth 2 mil. I am sure there are many examples of rare special edition cars that aren't worth much cuz no-one wants them. You can't really predict it. During that time you will have to pay for storage of the car, keep looking after it, be paranoid when driving it, stop your teenage kids from trying to borrow it etc etc. So from a purely investment point of view probably not worth it. But hey, many car purchases are irrational.

[ARTZ]

300,000 copies of the Mona Lisa are worthless the 1 original is priceless

you could build 10 phase III replicas for the same price, they could even be built better than the originals...but they cant be built 40 years old can they...until we have time machines ...

Put it this way maybe, would you rather a bathurst winning GTR original in your garage or just a Ferrari??

One is just a nice car, the other has heritage and a history, that simple really..

Edited May 15, 2010 by Arthur T3

[Phatboy]

300,000 copies of the Mona Lisa are worthless the 1 original is priceless

you could build 10 phase III replicas for the same price, they could even be built better than the originals...but they cant be built 40 years old can they...until we have time machines ...

What I meant was, if 300,000 GTHOs were originally produced, they would be worth shit-all now, even though they would be IDENTICAL in every respect to the one being sold for 500k. The inherent value of the car has not changed, only its rarity.

I prefer to buy things that hold inherent value but that's just me. For example, even if I was a multi-millionaire I would never buy one of those Vertu Ferrari 1947 phones that sell for 15k as it has less functions than my much cheaper iphone. It's not made out of precious gems or gold - only aluminium and titanium. The only reason it is expensive is because only 1947 were made, not because it is any good.

[Do-Luck]

What I meant was, if 300,000 GTHOs were originally produced, they would be worth shit-all now, even though they would be IDENTICAL in every respect to the one being sold for 500k. The inherent value of the car has not changed, only its rarity.

That's pretty much it right there. It's rare as f**k, and has strong racing heritige, therefore can fetch a pretty penny. Also I don't think a lot of people would be purchasing such cars as an investment, because if you have that sort of cash to blow on a car that will be moth-balled, no doubt they also have money in term deposits, property and the share market.

Aus-delivered R32 GTR's are rising in price too

[scotty014]

What I meant was, if 300,000 GTHOs were originally produced, they would be worth shit-all now, even though they would be IDENTICAL in every respect to the one being sold for 500k. The inherent value of the car has not changed, only its rarity.

I prefer to buy things that hold inherent value but that's just me. For example, even if I was a multi-millionaire I would never buy one of those Vertu Ferrari 1947 phones that sell for 15k as it has less functions than my much cheaper iphone. It's not made out of precious gems or gold - only aluminium and titanium. The only reason it is expensive is because only 1947 were made, not because it is any good.

but you need an interest in it first. if i was rich and a car collector and a holden w427 came up i wouldnt of bought it because it doesnt interest me it means nothing. but a GTHO phaseIII to me is tops when it comes to australian cars, to me it has the looks and power, it was a race car made for the road back then, everything about it i love, im not sure why im drawn to it so much but i am . same goes for mustangs, love the 67,68,69 mustangs they are hot. thats just a taste of cars that i love lol.

[The Bogan]

How many 32-33-34 Skylines were made, you said you prefer to buy things that hold there value but you have a r34 GTR, I don't mean to be a smart arse but a investment it is not, that car is a classic low model number collectible, Look at XU1, A9X, GTHO, classic Australian cars with racing history, this is why a ADM R32 GTR holds there value.

Just think, most of these cars that pull the big dollars cost around $5000 when new !

[Mohsen]

Q1. Does your father-in-law have a son?

if not...

Q2. Do you have a good relationship with your father-in-law?

Q3. do you have a son?

Q4. if yes, is your son his number 1?

[Phatboy]

you said you prefer to buy things that hold there value but you have a r34 GTR, I don't mean to be a smart arse but a investment it is not

As I said, I would never buy a car as an investment, and I like to buy things that hold inherent value, and for me the base R34 GTR was the best choice for the money - a perfect combination of bang-for-buck performance, styling and modern comforts. I deliberately did not buy the R34 GTR Nur-Spec or similar because the marginal enhancement in performance/looks was certainly not worth a 60% price premium, despite it being more collectible. That is my point.

[The Bogan]

Sorry for the misunderstanding, but, inherent means to me something that holds its value.

[alr33x]

theres a guy who owns about 30 of these and paid 500k last year for one plus 450k for the number plate to go with it..

[PM-R33]

Ahh the classic GTHO Falcon debate. Always gaurantees a good discussion.

I love a lot of old muscle cars. Their "rarity" to me isn't that important. While I can appreciate it, does it make the car better in any way? Not really. Think of it this way, if only 20 1982 Commodores were made, would that make them be an awesome car? No. Would that make them worth a lot of money one day? Possibly. So their rarity is merely a dollar value that people give to own a car they can't normally own.

My point is for me to pay a lot of money for such an old car, it would have to be a great old car. To me the GTHO just looks like a normal old model Falcon sedan and if I didn't know their history and racing heritage, I probably wouldn't think it to be anything special.

However when I look at say a 1967 Mustang I think "Wow, very nice sexy car".

Or a 1967 Pontiac GTO

Or a 1962 Maserati 3500

Or a 1967 Ford GT40

Or a 1967 Shelby Cobra

Anyway I could list cars all day that are old/vintage "special" racing heritage sports cars that are worth a lot of money and are bloody gorgeous in their own way. The point im trying to make is I believe the number of GTHO's available and the fact they have a strong racing heritage is more or less the reason they are looked at as such a special car, not the actual car itself if you get what I mean.

A bit off topic aswell. One thing that really bugs me about the GTHO is how some die-hard Ford fans use it as an example to prove how great their car manufacturer is even though they may own a EA/AU/BA etc and have nothing themselves to do with the GTHO. For example they may put down another vehicle manufacturer by saying "Well the Ford GTHO is one of the most expensive cars in Australia, I don't see any *insert car manufacturer here* cars getting sold for that much". Any one else found something similar to this? Maybe it's just because this town is full of rednecks and I used to work in an automotive store, I dunno lol.

My 2c anyway.

Edited May 15, 2010 by PM-R33

[Phatboy]

Sorry for the misunderstanding, but, inherent means to me something that holds its value.

But how do you know if it would hold its monetary value? With the benefit of hindsight, you're saying ADM R32 GTRs are holding their value. But 20 years ago, would you have spent money buying one without the knowledge of whether they would appreciate? If everyone knew 40 years ago that a GTHO would be worth 500k now, they would have all sold out on pre-order.

The difference in price between your "rare" GTS-4 and a base GTS/T - has shrunk compared to when they came off the factory floor. We don't hear about the majority of limited "collector's edition" cars that depreciate like a bitch just like normal cars, only about the few random top-op-the-range models that fetch millions.

That's what I mean about inherent value. I pay for things not based on brand/exclusivity, but the product itself. I'm not banking on something appreciating in value as that relies on my future buyer willing to pay a massive price premium just because it is exclusive. Like I said, you have no way of knowing what will make you money in the future, especially now that even elite car companies are pumping out special editions a dime a dozen. I've lost track of how many different special editions of the Murcielago Lamborghini have made.