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West Australian man knocked back offer of $350,000 for GTHO Phase II 1970 muscle car


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A West Australian man, who knocked back an offer of $350,000 for the 1970 muscle car he bought for just a fraction of that price, has defended his decision saying that letting go of it "would be like selling one of my children".

 

Michael Rystenberg of Albany bought the 1970 GTHO Phase II Ford Falcon, which raced in Bathurst, for just $17,500 back in 1988, making the purchase to fulfil a need for speed.

 

"I was a young lad, kept getting into trouble with the coppers, so as far as I was concerned this was a street legal race car and they can't touch me," he said.

 

Almost three decades later, his vehicle is in demand with multiple offers of $350,000 coming his way.

 

"I knocked it back three times," he said.

 

 

http://www.abc.net.au/news/image/8961278-3x2-700x467.jpg

 

 

 

http://www.abc.net.au/news/2017-09-19/wa-man-knocks-back-350k-for-ford-falcon-muscle-car/8961052

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History is history though and the car I feel is worth a lot more than the lowball.

 

In the 1970 Great Race the car qualified 12th and was driven by Garry Rush (from speedway sprint car fame I think) and Martin Chenery.

Unfortunately was a DNF after only 27 laps.:(

 

Imagine what the high profile cars would be worth, i.e Moffats #64E:o

 

Sourced from wikipedia;)

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