Australia's Rarest Car Up For Auction With Starting Bid Of $1

A car dubbed ‘Australia’s rarest’ is up for auction with a remarkably small starting bid.

The ultra-rare factory-built 1970 Ford 6-Door XY Falcon is the only one ever made, making it a contender for the country’s rarest car.

Lee Hames from Lloyds Auctions said the one of a kind wagon is “the holy grail for Ford fans.”

He said the classic car is in immaculate condition, revealing it was made-to-order by Ford for TAA Airlines in Tasmania.

The ultra-rare 1970 Ford 6-door XY Falcon is up for auction. Image: Supplied

The wagon was originally used as a courtesy car and limousine.

The car will be sold on 6pm on September 30 alongside a 1982 Holden Commodore Group III and a 1977 4-door Holden A9X Torana, which has sat in storage for 15 years.

Hames expected bidding to be furious for the rare Ford, with the starting bid at just $1.

READ MORE: Australia's Cheapest Cars To Own And Operate

Bidding started at $1 but it's already up to $50,000. Image: Supplied

He said the car is rarer than the three surviving Ford Falcon GTHO Phase IV’s.

Last year one of those sold for $2 million at a Lloyds auction to a mystery buyer.

The Ford wagon, which is currently in Queensland, is up for auction online here with the current bid at $50,000.