1971 xy phase 3 auction

[slowsnake]

Nice Yellow Glo Phase 3 up for Auction with Lloyd's, auction ends Saturday, this one has a beige vinyl roof, already at $750,000.....



Cheers Billy

[ford71V8]

https://www.carsales.com.au/editoria...r-sale-132109/


Thought it might have been a Rhino with the vinyl roof but nope.


(That beige vinyl doesn't work for me)

[rare ss]

Gee thats a fine looking car..

https://www.lloydsonline.com.au/LotD...&pgn=4&pgs=100

[slowsnake]

Thank you for putting the link to the auction and the pictures..



Cheers Billy

[rare ss]

interesting to see what the taxi's go for too

[mondeomatureguy]

gday Everybody,
I just read about this GTHO. Its said that it may go for $.5 million.
Its one of only 12 finished in a special yellow Glo paint scheme and has done only 30.875 miles on the clock.

[DJR-351]

Post #2

https://www.fordforums.com.au/showthread.php?t=11491350

[slowsnake]

Originally Posted by DJR-351

Post #2

https://www.fordforums.com.au/showthread.php?t=11491350

Yes but only a few days to go!....you posted nearly 2 weeks ago, no follow up........
I never saw this first one, sorry if I stole your "thunder" not my intention!

Am I forgiven?......



Cheers Billy

[DJR-351]

Originally Posted by slowsnake

Yes but only a few days to go!
I never saw this first one, sorry if I stole your "thunder" not my intention!

Am I forgiven?......



Cheers Billy

Just pointing out the thread as it has other cars in it to.

[mondeomatureguy]

sorry i meant to say it may go for $1.5 million dollars.

[slowsnake]

Originally Posted by DJR-351

Just pointing out the thread as it has other cars in it to.

All good here DJR, but its a ****ty looking car with that vinyl roof, who would order a car like that?......




Cheers Billy

[bangm001]

Awsome car, great part of Aus motoring history. Id buy it if i had the coin but there would be a few others in the garage first with a 1.5mil budget!

[Bossxr8]

Originally Posted by ford71V8

https://www.carsales.com.au/editoria...r-sale-132109/


Thought it might have been a Rhino with the vinyl roof but nope.


(That beige vinyl doesn't work for me)

Yeah the vinyl roof looks crap. Colour doesn't suit the yellow at all. But then again, I think any vinyl roof sucks. Would never have a car with one. But then again, I can't afford a ph 3 either.

[Tassie f100]

I never liked that yellow glow colour and certainly couldn’t show any love for that pukey loking roof. must have been a different sort of buyer back then

[Citroënbender]

Where was Napier Motors? NZ?

Edit: I see, Dalby QLD.

[.:4:.]

Would have been 3 or 4 years back i was fixing the lights in a shannons auction house. So i had a ewp (lift) and obviously wasnt willing to work over cars. One car i asked to be moved was an olive green gtho. It had drip trays front to back under it and was making good use of them. The staff member moved the car for me then sprinted for the drip trays. After that i asked whats the estimate of what it'll go for. He said half a mill easy. I said leaks and all? He said they're genuine leaks. It sold for over 700k. Closer to 800k.

[wodahs]

even with tonights powerball i dont think i could afford it

[slowsnake]

Originally Posted by Citroënbender

Where was Napier Motors? NZ?

Edit: I see, Dalby QLD.

For some strange reason the town of Warwick Qld is shouting at my brain!



Cheers Billy

[Metdevil]

Call me skeptical, but I'm getting some serious 'pump and dump' vibes from all of these million dollar cars selling at auction recently. Does anyone else think this is dodgy at all?

What's happening here is very reminiscent of the 1980's Coin Bubble. These cars are all being both valued by and sold by the same auction house, and all selling for record prices.
The exact same thing seems to be happening in the vintage video game market at the moment with Heritage Auctions.

I'm not doubting the rarity of these cars, just the validity of the valuation. The Auction house has a motivation to sell these cars at a high price since they get a cut of the sale, but they're also the ones valuing them. They then slap a ridiculous starting bid on them and then pump out media releases advertising the next 'million dollar car' driving up more business from sellers hoping to sell their car for hundreds of thousands of dollars.

It happened in January with this 2017 Maloo Ute https://www.speedcafe.com/torquecafe...er-the-hammer/
This 1990 HSV VN https://www.miragenews.com/rare-hold...ecords-602566/
Glen Seton's '97 Falcon https://www.speedcafe.com/2021/07/25...y-in-the-bank/
This Holden Torana https://www.miragenews.com/super-rar...ecords-585571/
This Commodore https://www.abc.net.au/news/2021-01-...0,000/13105746

In fact, you just need to do a google search for the auction house and in every one of these articles, they always have the COO of the auction house, Lee Hames drumming up publicity for the car market right now. It all looks exactly like what Heritage Auctions and Wata games have just been accused of doing
https://www.cgmagonline.com/2021/08/...20Mario%20Bros.

[wodahs]

Originally Posted by Citroënbender

Where was Napier Motors? NZ?
Edit: I see, Dalby QLD.

Originally Posted by slowsnake

For some strange reason the town of Warwick Qld is shouting at my brain!
Cheers Billy

there was a John Napier
Napier Motors
in Kelmscott the the old part of the Industrial area , wasnt far from the licensing pits there
had dealings with John prier to learning where he worked out of and he helped me out a few times
i was also working for a group that ended up renting the storage units next to him
tho i havnt ran in to him in many years

[zoesgift]

Originally Posted by Metdevil

Call me skeptical, but I'm getting some serious 'pump and dump' vibes from all of these million dollar cars selling at auction recently. Does anyone else think this is dodgy at all?

What's happening here is very reminiscent of the 1980's Coin Bubble. These cars are all being both valued by and sold by the same auction house, and all selling for record prices.
The exact same thing seems to be happening in the vintage video game market at the moment with Heritage Auctions.

I'm not doubting the rarity of these cars, just the validity of the valuation. The Auction house has a motivation to sell these cars at a high price since they get a cut of the sale, but they're also the ones valuing them. They then slap a ridiculous starting bid on them and then pump out media releases advertising the next 'million dollar car' driving up more business from sellers hoping to sell their car for hundreds of thousands of dollars.

It happened in January with this 2017 Maloo Ute https://www.speedcafe.com/torquecafe...er-the-hammer/
This 1990 HSV VN https://www.miragenews.com/rare-hold...ecords-602566/
Glen Seton's '97 Falcon https://www.speedcafe.com/2021/07/25...y-in-the-bank/
This Holden Torana https://www.miragenews.com/super-rar...ecords-585571/
This Commodore https://www.abc.net.au/news/2021-01-...0,000/13105746

In fact, you just need to do a google search for the auction house and in every one of these articles, they always have the COO of the auction house, Lee Hames drumming up publicity for the car market right now. It all looks exactly like what Heritage Auctions and Wata games have just been accused of doing
https://www.cgmagonline.com/2021/08/...20Mario%20Bros.

ive often wondered, for a serious bidder with serious money, why you would "bid" on a purchase like this so early in the piece? ie there is no point being a winning bidder with 3 weeks to go at for example 600k so yeah i believe there is a large element of chandelier bidding in such processes. as for 38000 miles its not relevant when the car is restored. that being said its a stunning car with lots of correct parts on it well known in GT circles as a non matching numbers car with no log books in a previous life

[slowsnake]

INNOVATORS: During the Second World War, gas producers were fitted to all types of vehicles. The Napier Brothers of Dalby manufactured many for the local demand.

They owned a foundry, not car sales!......


Cheers Billy

[Metdevil]

Originally Posted by zoesgift

ive often wondered, for a serious bidder with serious money, why you would "bid" on a purchase like this so early in the piece? ie there is no point being a winning bidder with 3 weeks to go at for example 600k so yeah i believe there is a large element of chandelier bidding in such processes. as for 38000 miles its not relevant when the car is restored. that being said its a stunning car with lots of correct parts on it well known in GT circles as a non matching numbers car with no log books in a previous life

Sure is a stunning car, but $760k worth? Personally, I don't think so. And I certainly don't think it would be going for that much in a vacuum, without the auction house doing the valuation, and without this bubble that they themselves created.

If you do think it's worth that, then maybe you'd also be interested in a digital 3D image of a car for $20,000?
https://www.lloydsonline.com.au/LotD...&pgn=1&pgs=100

This listing also has its own little pyramid-esque scheme going on within it too, offering the owner 10% of future digital NFT sales. You can guarantee that after this listing, they're going drum up hype over the sale of NFT images of cars, which will drive more people to the site to buy more NFTs, creating another bubble, starting the cycle over again.

[slowsnake]

Anywhere there is money to be spent, by any cashed up person, there will be another there to take that cash from them, this other person usually takes the guise of a very kind and informative type, their prey is you and I and any other who has a childhood or youthful unfulfilled dream, or just a melancholic yearning, and "a home to borrow against and a very healthy superannuation balance"

It's like not being able to sleep, you awake and eventually get up, you may have a glass of milk, or in my case hot Cadbury chocolate, or Milo, you then wonder why you are not sleeping and maybe will turn on the TV.
It's 3am, you flick through the free TV channels, hoping for a news channel for 15 minutes, but every channel is called "infotainment or infomation"
And they sell products you neither need or want, but, some idiots with a lack of sleep and a thick wallet buys their products!
This goes on all over the world 24 hours a day, 7 days a week, 365 days a year, why?
Well we are turning into a cashless society, we do not need money in the form of cash, or even with a nil bank account we can by products with one of many cashless systems, Zip Pay is one such product!

Art, art and sculpture are priceless in some circles, circles I don't belong to, but these folk think an oil painting or a " Banksy" sketch or graffiti graphic on a lavatory door is worth millions of British Pounds, or Euros, or US dollars or Australian dollars!
Who puts this fantastic value on these "artworks", not the seller, they either died 50, 100, 200, 3 or 4 or 5 or 6 or 700 years or thousands of years ago, so how do they value such an item?.....well they advertise the crap out of it, and for months they tell you its worth "X" amount of dollars months before the actual auction, you are consciously thinking about it, and its stuck in your subconscious mind too, but most are not aware of subliminal advertising, but a very high priced item that's only worth what a buyer is willing to pay a certain price for, well it's locked into their minds, like a song you can't get rid of!...only it's a very desirable car, a little bit of 1970’s motoring history that is irrelevant to your happiness or your life.

What can you do with it!....look at it all day, sit in a throne in your garage and "admire it"
It's a useless bit of kit, too scared to drive it because of its value, too scared to park it to go shopping, it's a bit of useless kit that can only be admired by you close up, and others from afar, and a select few "friends" may get to even sit in it, or start it, but don't rev it too hard, let it warm up!...your ego has got lost I'd space somewhere, just like folk who pay millions of dollars on a painting worth maybe $50 million, a Vermeer, or Picasso or a Constable!
If I had John Constables " The Hay Wain " for instance, what would I do with it, look at it all day everyday, and tell myself " that's mine " I own that, It's mine all mine.

This Phase 3 Ford GT, is only worth what a person is willing to pay for it, maybe $1.00 or $2 million dollars, and it really is worth that because some fool decided in the heat of the moment to pay that amount.
This immediately values all other "similar" car/s that Lloyd's have hidden away somewhere safe, which are only worth a fraction of the Phase 3's big valuation, but, it sets a bench mark price for all so called collectables.



Just my thought's, no more or less!


Cheers Billy

[zoesgift]

i hear you. if youre in the market for a ph3 and you have money to burn id be buying the best one out there which this is not. its a nice car but its not the car to grab if you have a lazy 800 to 1 mill you wish to "wash" imho. i would love the tyres of this thing!!!! each to their own

[xkxlxm]

That digital image thing is slightly unbelievable. If I had the $ to buy a GT, I wouldn't give 5 cents for a 'digital image'.

[Rallye Sport]

Originally Posted by Metdevil

If you do think it's worth that, then maybe you'd also be interested in a digital 3D image of a car for $20,000?
https://www.lloydsonline.com.au/LotD...&pgn=1&pgs=100

Have a look at the youtube video at the bottom of the link, the side stripe says 350GT

[MITCHAY]

I thought I was going crazy thinking the roof looked odd

That car looks in ****ing amazing!

[Dr Smith]

Originally Posted by Metdevil

Call me skeptical, but I'm getting some serious 'pump and dump' vibes from all of these million dollar cars selling at auction recently. Does anyone else think this is dodgy at all?

What's happening here is very reminiscent of the 1980's Coin Bubble. These cars are all being both valued by and sold by the same auction house, and all selling for record prices.
The exact same thing seems to be happening in the vintage video game market at the moment with Heritage Auctions.

I'm not doubting the rarity of these cars, just the validity of the valuation. The Auction house has a motivation to sell these cars at a high price since they get a cut of the sale, but they're also the ones valuing them. They then slap a ridiculous starting bid on them and then pump out media releases advertising the next 'million dollar car' driving up more business from sellers hoping to sell their car for hundreds of thousands of dollars.

It happened in January with this 2017 Maloo Ute https://www.speedcafe.com/torquecafe...er-the-hammer/
This 1990 HSV VN https://www.miragenews.com/rare-hold...ecords-602566/
Glen Seton's '97 Falcon https://www.speedcafe.com/2021/07/25...y-in-the-bank/
This Holden Torana https://www.miragenews.com/super-rar...ecords-585571/
This Commodore https://www.abc.net.au/news/2021-01-...0,000/13105746

In fact, you just need to do a google search for the auction house and in every one of these articles, they always have the COO of the auction house, Lee Hames drumming up publicity for the car market right now. It all looks exactly like what Heritage Auctions and Wata games have just been accused of doing
https://www.cgmagonline.com/2021/08/...20Mario%20Bros.

I won't call you skeptical because of fairly good sourced rumours that these buyers and sellers are often very well known to each other or through the selling agents. One conspiracy theory is the more expensive cars of late have been "traded" between a group to keep interest high and valuations higher.

If I have 1-1.5Mill to burn I'd be getting flying lessons and a very light jet or a DA62 at least

[FairmontGS]

Originally Posted by Rallye Sport

Have a look at the youtube video at the bottom of the link, the side stripe says 350GT

Yeah, this must be the pre-production mule which ran a SBC. I bid $50k!