PHASE IV AUCTION RESULTS | 1972 Ford Falcon XA GTHO Phase IV | GTHO PHASE 4 AUCTION | Most expensive car in australia auctioned, LIVE 20th October 2018. Lloyds Gold Coast Auctioned the only unrestored one of only three genuine Phase IV Ford Falcon XA GTHO Falcons believed to be in existence. Bidding on this car started at $1.56 million ahead of this weekend’s auction – already well above the $1,030,000 paid for a GTHO Phase III in June. Lloyds Auctions Chief Marketing Officer Brett Mudie, whose company sold a Phase III once owned by fast bowler Jeff Thomson earlier this year for more than $1 million, said this is the first Phase IV to go under the hammer.
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On Sunday, 25 June 1972, the front page of the Sun-Herald article titled “160MPH ‘Super Cars’ Soon” set off a chain of responses from the Minister for Transport, Milton Morris, who called for the ban of these supercars just three days after the news article. After what would later become known as the "Supercar Scare", Ford announced the cancellation of their Phase IV program on the following 2nd July. Just one production car had been sent down the line, and three XA GT sedans were in various stages of construction to Phase IV specs at Ford Special Vehicles, Ford's internal race division.
When the Ford GTHO Phase IV was built in 1972, as part of Ford’s plan for supremacy on Mt Panorama the year after Allan Moffat won the ’71 race with a XY GTHO Phase III. Ford dominated the race with eight of the top 10 places. But the fight with Holden and Chrysler went pear-shaped when the Phase IV appeared on the front page of a Sunday paper under the headline “160mph ‘Super Cars’ Soon – Minister ‘horrified'” and the then NSW transport minister reportedly called them “bullets on wheels”.
It was an era when there were no speed limits on some rural roads and the maximum speed was 70mph (113km/h) across Australia.
The story became known as the “supercar scare” and by the end of the week, Ford had abandoned plans for the Phase VI. Just one road car and three Phase VI prototype race cars, designed for Moffat and co-driver Fred Gibson, were built.
The Ford Phase VI Falcon
Brock won the ’72 Bathurst race in a Holden and within 12 months, Chrysler would depart the Bathurst race. Moffat boycotted the journalist, Evan Green, for years.
V8s eventually became a race staple in 1974, but just three of the XA GTHOs are believed to survive.
The GT model was introduced as a performance variant of the Australian Ford Falcon XR series in 1967. The GTHO Phase III (the HO stood for handling option) was built for homologation - one of a limited number of specially built road cars modified for use on a racetrack. The late Howard Marsden, Ford Australia’s racing manager in the early 1970s, said those initials (HO) meant that the motor was ‘virtually hand-built’.
The homologation specials reached their peak with the Ford Falcon GTHO Phase III in 1971, a car which Allan Moffat used to defeat all opposition in the 1971 Bathurst enduro and was crowned the fastest four-door production sedan in the world. Ford further developed the HO series with the XA Falcon, and were ready to produce the Phase IV to homologate the car for Group E Series Production Touring Cars racing, including the 1972 Hardie-Ferodo 500…
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