1970 Ford Falcon in Barn Find Condition Sells for $230,000

An ultra-rare 1970 Ford Falcon XY GT in “barn find” condition recently sold at auction for $230,000 in Sydney, Australia. Over 400 bids were placed before the hammer went down.

The muscle car was parked for almost 50 years, according to its last Queensland registration window sticker that dates to 1979. Clive Anderson, the Brisbane man who sold the Falcon, was pleasantly surprised with the sale’s outcome. He was not aware of the vehicle’s value or how rare it really was.

Only 1,500 Ford Falcon XY GT muscle cars were built, each rolling off the Broadmeadows, Melbourne, assembly line between 1970 and 1972. This example was parked under Anderson’s house, exposed to the elements, for 47 years. Anderson reportedly parked the Ford Falcon after he was given a work car. After years of sitting stagnant, it stopped working with 65,278 miles on the odometer. What exactly went wrong isn’t known or disclosed. After selling the property, Anderson needed to sell the dust-coated Falcon. He had purchased the vehicle for around $3,800 to be his daily driving vehicle. Waiting so long to sell it earned him a profit of over $226,000.

Rian Gaffy, classic car specialist and auctioneer, found that the classic is a special build, a 'one-of-one' series, adding that the Falcon was used by the Ford Motor Company for 12 months before it was sold to an employee. Anderson purchased the car from that employee in 1972.

The 1970 Ford Falcon XY GT was sold to a Sydney man, who told 7News that he was pleased with the purchase, stating that “he had one similar when he was a young bloke.”

This Barn Find XY GT has been garaged for almost 50 years!www.youtube.com