1971 Ford Falcon GTHO Phase III sells for $400,000: 'attacked with an axe, no engine, bring trailer'

A 1971 Ford Falcon GTHO Phase III left to rot in a shed for decades – missing an engine and had been attacked with an axe – sold for a mind-boggling $400,000 at auction at the weekend. Bidding on Grays Online passed $200,000 within 24 hours of the undriveable vehicle being listed last week, but it was passed in on the weekend once bids reached $350,000, having not met its reserve price. However, negotiations after the auction saw the battered and bruised muscle car change hands for $400,000.