Phase IV breaks auction record
The classic Aussie muscle price bubble continues to expand, with one of only four Phase IV GT-HO Falcons reaching a record price at auction. While there was talk that the car might fetch as much as $3 million, it eventually sold for $2 million (plus buyer’s premium). Ford was ready to produce the Phase IV to homologate the car for Group E racing before the ‘Supercar Scare’ and the shift to CAMS Group C regulations forced the company to abandon the project.