The 1970 Ford XY Falcon GT, found after being stored in a garage for nearly 50 years, sold for $152,000 at auction. This specific model is a rare find, with only about 1,500 units produced. It features a shaker hood scoop, a factory manual transmission, a factory sunroof, and the original 351 cubic-inch (5.8-liter) V8 engine with 300 horsepower. The car, despite being covered in dust and dirt, attracted a high selling price.

The early example of the XY Falcon may have served as a field evaluation vehicle for Ford. The vehicle’s history includes being in the possession of Ford for the first year after its manufacture, then being sold to a Ford employee. Subsequently, it was acquired by its most recent owner, who stored it under a house in 1979 after changing jobs and getting a company car, leading to it being forgotten for decades.

During its time in storage, the exterior of the Falcon sustained damage to the passenger rear door, with subsequent rust spots appearing. However, the interior remains in good condition despite being dirty, and the original jack is still in the trunk. The odometer reads 65,278 miles, but the engine’s condition is unknown.

The XY Falcon is highly coveted among muscle car enthusiasts in Australia and has gained global attention. Its increasing popularity is reflected in the substantial prices collectors are willing to pay for these rare finds. For instance, a 1971 XY Falcon GTHO variant was auctioned for over $1 million, demonstrating the high demand and value placed on these classic cars.