The classic Australian muscle car market is doing just fine according to auction heavyweight Shannons, despite desirable models like a Ford Falcon XY GT-HO Phase III failing to reach astronomical pre-GFC values recently.

The Phase III in question sold for around $500,000 soon after it was passed in at auction (some $20,000 under its highest expectation), but that is still almost 100 times more than what the car cost when it rolled out of the factory.

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Boribon says to expect improvements in the prices of “second-tier” cars like Ford Fairmont GS and GXLs and Valiant Pacers and also points to a generational change in collectable Australian cars.

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And if you’ve got a special late-model Ford or Holden in your garage then it might be worth hanging onto it because they will start to appreciate in value too, Boribon reckons.

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