Mr Taylor lost a 1971 Ford Falcon XY GTHO Phase III, one of the most expensive muscle cars in Australia.
There were only 300 GTHOs made and it is estimated that only 100 are left today. Just last year, a GTHO sold for a massive $750,000.
Mr Taylor bought his car in 1981 for $8500 from a friend who had bought it in Inverell in New South Wales.
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