$683,650 GTHO Phase 3 - Page 3

4vxc · 27-03-2007, 09:37 PM

Quote:

Originally Posted by flappist

Don't stress guys, these silly prices will soon be history. 1986, GTHOs were $60k, 1988, $15-20k.
November may start the beginning of a repeat performance.

don't know where you got that from but you are off target

I bought a concorse condition Phase 1 late 1985 for $9,500, a couple of years latter they had already moved upwards considerably.

**Polyal** · 27-03-2007, 10:25 PM

Quote:

Originally Posted by Falcon Coupe

Must dissagree, won't happen IMO.

See I dont know about that. There has to be a point where it wont get any higher, or buyers just wont pay a certain price.

Lets just say fuel hits $3/L, will the demand still be there?

flappist · 27-03-2007, 10:35 PM

Quote:

Originally Posted by 4vxc

don't know where you got that from but you are off target

I bought a concorse condition Phase 1 late 1985 for $9,500, a couple of years latter they had already moved upwards considerably.

From a guy who dealt in expensive cars. He also had (still has) a ferrari that he was offered $1,000,000 in July 1987. He was greedy. The best he has been offered since is $385k.
I looked at a turbo porsche in feb 1985 for 111k (I couldn't afford it), in early 1987 it was worth $400k as they were prohibited import due to ULP.

Then came black monday......

I am fairly sure that quite a number of muscle cars are on the never never as investments. If interest rates go nuts again then they will be everywhere really cheap.

4vxc · 27-03-2007, 11:26 PM

Quote:

Originally Posted by flappist

From a guy who dealt in expensive cars. He also had (still has) a ferrari that he was offered $1,000,000 in July 1987. He was greedy. The best he has been offered since is $385k.
I looked at a turbo porsche in feb 1985 for 111k (I couldn't afford it), in early 1987 it was worth $400k as they were prohibited import due to ULP.

Then came black monday......

I am fairly sure that quite a number of muscle cars are on the never never as investments. If interest rates go nuts again then they will be everywhere really cheap.

well it just shows old Ferrari's haven't performed as well as GTHO's over the years.

as for the current prices I'd be surprised if the balloon doesn't pop soon, to me they are way, way overpriced.

you are right about rates, theres a lot of people who haven't experianced how savage they can be

XAGSV8 · 27-03-2007, 11:37 PM

Quote:

Originally Posted by Polyal

Lets just say fuel hits $3/L, will the demand still be there?

Yes for two reasons. The cars are not driven that much and if you can afford those prices $3/L is not going to upset you too much.

Piotr · 28-03-2007, 01:05 AM

I don't see the price of these cars increasing beyond the point what this guy paid for his. For the amount of money he paid you can get much much better investments.

Interceptor · 28-03-2007, 10:46 AM

Quote:

Originally Posted by Piotr

I don't see the price of these cars increasing beyond the point what this guy paid for his. For the amount of money he paid you can get much much better investments.

what if the guy just wants to own one, and isnt concerned about its potential as an investment?

red_hotxr6 · 28-03-2007, 10:56 AM

Quote:

Originally Posted by Interceptor

what if the guy just wants to own one, and isnt concerned about its potential as an investment?

Exactly, just like the miner who bought the last monaro, and he is not even going to drive the thing..

XAGSV8 · 28-03-2007, 09:35 PM

Quote:

Originally Posted by Interceptor

i have little problem believing that........ all i gotta do is remember to ask him if i can have a peek next time i see him lol

He was in our local paper today standing beside the GTHO telling everybody it is an investment and that he is predicting it will be worth $1 million soon.

Interceptor · 28-03-2007, 09:47 PM

Quote:

Originally Posted by red_hotxr6

Exactly, just like the miner who bought the last monaro, and he is not even going to drive the thing..

the guy who bought the last monaro isnt a miner...... he's been dabbling in real estate for donkeys years, owns a fair stack of land, does house removals (literally transporting houses) as a business, and collects cars......

he also bought the GTHO this thread is about

Psycho Chicken · 28-03-2007, 09:49 PM

Quote:

Originally Posted by Interceptor

if its true about who bought it....... i dont think the income from $685k of rental properties is going to be of much interest to him.....

Not at all directed at the new owner. More the people who keep asking why you would pay so much money for a car you don't drive.

GXL078 · 28-03-2007, 09:57 PM

Quote:

Originally Posted by flappist

Then came black monday......

What's black monday? Don't worry I figured it out. Stock market crash.

walker · 28-03-2007, 10:10 PM

Well there gose any chance of me owning one of them bad boys.........Thats an awsome car

Aeron · 28-03-2007, 10:42 PM

They guy next door has an Original GTHO Phase III. He drives it about every 5 or 6 months and its locked behind a partition wall in his garage. When the garage door is open you can see a wall on the left hand side (just like in most garages) but behind the wall is his Phase III. He took me for a run in it one night. Great cruiser, and did a nice long power-skid too

I’ll have to see if he’ll let me photograph it one day.

GT290 · 28-03-2007, 10:56 PM

[Quote] Highway robbery? This Ford GTHO Phase 3 was auctioned yesterday for $683,650 at Bonhams and Goodman in Sydney. The sale came as motoring bodies warned too many car buyers focused on colour and model, rather than quality. [Unquote]

I aske you, why is this highway robbery? They bid on it and could pull out at any time. obviously it is a sort after car. Some one wanted more than the next bloke derr. Oh and all you car buyers out there "STOP FOCUSING ON THE COLOR!"
Its blurring your judgment and making you buy a crap car.

What a load of rubbish I mean really, some bugger gets paid to write that dribble.

I think the person from the "motoring body" and probably the person who wrote the crap drive a holden and there for are very jelous that they don't have such an iconic celebrety car to fetch such enormous amounts of cash or to store in there pitifull car sheds, what ever

Sorry got carried away again.
chow

chich · 28-03-2007, 11:09 PM

Quote:

Originally Posted by XWGT

Hmmm

Porsche 993 Twin Turbo
and a Porsche GT3
and and BF GT

Or a Phase III.

No contest. Sorry have owned an XW and XY GT, and couldnt see that value at 20% of that price.

Each to their own

I agree 110%. Yes they may be the last of the true Australian performance cars but at the end of the day a Phase III is just an over valued 36yo Falcon. Bring on a Series 1 996 GT3 or 993 Turbo

:

Piotr · 28-03-2007, 11:17 PM

Quote:

Originally Posted by Interceptor

what if the guy just wants to own one, and isnt concerned about its potential as an investment?

In the newspaper they had some quotes from the guy and he kept refer to it as an investment

XAGSV8 · 28-03-2007, 11:31 PM

Don't know if it is just me but I have seen it a few times now, I get sick of people on a FORD forum saying its just a falcon or a tarted up taxi. I'm not just talking about this thread or XY's as well.

Interceptor · 28-03-2007, 11:46 PM

Quote:

Originally Posted by Piotr

In the newspaper they had some quotes from the guy and he kept refer to it as an investment

darryl isnt stupid, he wouldnt have bought it if it were to be a dead loss or of no investment potential, but he's a car nut first and foremost

**Falcon Coupe** · 28-03-2007, 11:53 PM

Quote:

Originally Posted by XAGSV8

Don't know if it is just me but I have seen it a few times now, I get sick of people on a FORD forum saying its just a falcon or a tarted up taxi. I'm not just talking about this thread or XY's as well.

Usually by people who have not been in one and have little or no understanding of the history involved.

Piotr · 29-03-2007, 12:02 AM

Quote:

Originally Posted by Interceptor

darryl isnt stupid, he wouldnt have bought it if it were to be a dead loss or of no investment potential, but he's a car nut first and foremost

Everyone gets it wrong at some point

BZINGA · 29-03-2007, 12:45 AM

Quote:

Originally Posted by XAGSV8

Don't know if it is just me but I have seen it a few times now, I get sick of people on a FORD forum saying its just a falcon or a tarted up taxi. I'm not just talking about this thread or XY's as well.

Mostly said by people out there who can only afford to drive cars that wouldn't peel the skin of a rice custard, but they all seem to have cousins or mates that have cars that would blow the doors off a tarted up taxi

:

normxb · 29-03-2007, 04:35 AM

Quote:

Originally Posted by normxb

I've just spent a half hour searching and can't find it , can anyone remember listing the Ex -John French Bathurst car (Purple , possibly Wild Violet) being sold abut 6 months ago for $750,000 ? .
Norm

Knew I'd seen this a while ago , eventually found it .

Bryan Byrt Phase III
On Monday 21st of August, the well known Bryan Byrt Phase III race car
arrived at our premises (Grand Tourer Restorations, GTR). This vehicle was purchased
for one of our major clients with a substantial collection of vehicles. This client has been a customer
for some years and during that period we have not only purchased other vehicles for him, but also
have carried out various degrees of restoration to some of them and maintained others.
GTR was involved in the negotiation for the purchase of this vehicle. As part of this deal GTR was
contracted to inspect this car, whilst the prospective purchaser was overseas.
This in fact is our second trip to the Sunshine Coast to visit the very
amicable David Bowden and we are grateful to him for sparing his time to show us his
collection of cars witch he has spent a life time acquiring.

As part of this deal we had the pleasure of again of dealing with Terry
Healy from Old Timers Garage.
As a well known Queenslander he has dealt in the purchase and sale of many
well known vehicles in Australia. He has in fact arranged for the purchase of many of David
Bowdens collection of fine motor cars and as I understand the purchase of some of the other exrace
GTs currently owned by David Bowden.

We have been asked by the parties involved not to disclose the exact selling price but
are permitted to say that it was just short of a million dollars.

Pics didn't turn out here , but I've got a copy if someone want's them posted .
Norm

Trevor 57 · 29-03-2007, 08:01 AM

I don't know about you lot, but this turns my head, these are some pics of the car sold at auction.

Dazza TT · 29-03-2007, 04:27 PM

Quote:

Originally Posted by Interceptor

darryl isnt stupid, he wouldnt have bought it if it were to be a dead loss or of no investment potential, but he's a car nut first and foremost

Just heard a segment on ABC Radio about this car, Darryl was on there discussing it.
Will see if I can find a link to it later on.

Cheers.

Poetic Justice · 29-03-2007, 04:56 PM

Quote:

Originally Posted by Big_Trev

I don't know about you lot, but this turns my head, these are some pics of the car sold at auction.

Nice and all, but I can't see $685k there.

ClevlndStemer · 29-03-2007, 05:43 PM

Nice car and all but i don't see how it is worth that much money. I understand the history and legend behind the car but still. Same with the Ferrari 250 GTO they're worth what 10 million now?

BZINGA · 29-03-2007, 06:04 PM

If moneys no object and you want one, who cares what you pay for one, there arent that many around, you can argue til your blue in the face that theyre way overpriced, but the demand is out there for them and money talks

_2:

ltd · 29-03-2007, 06:08 PM

As an investment, that car is only going to appreciate over the years, especially when you consider that Ford aren't making any more of them. That car will always find a buyer, and the pristine condition of this example only heightens the fact. If I had the money, I would probably umm and arr for a while and then get a benz. But if I had a ridiculous amount of money in my account, I would probably buy that too.

4Vman · 29-03-2007, 06:11 PM

I reakon unrestored immaculate day 1 original examples of Phase 3's that can be driven will fetch more than over restored museum pieces, where prices end up though is anyone's guess. My bet is 1 mil will be a psycological barrier though.