Geoghegan's Mustang lifts the inside front at Warwick Farm in 1970. Pic: / Terry Russell

ONE of the most significant cars in Australian touring car racing history now has a new owner with the Ian Geoghegan 1967 Ford Mustang selling in an online auction.

Built in 1967 by John Sheppard to replace Geoghegan’s ’66 Australian Touring Car Championship-winning car, this Mustang went on to be one of the most successful cars in championship history.

Geoghegan won the 1967, 1968 and 1969 ATCC titles aboard this car, the latter marking the first time the championship was held over a series of rounds instead of being decided over a single race.

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After its years as a touring car ended, the Mustang enjoyed a long racing life in Sports Sedans before being restored to Improved Production specifications by Ross Donnelley in the late 1980s, and was later owned by the late Des Wall.

The car was sold as part of the Burns & Co Mothers Day Classic Car auction, which wrapped on Sunday afternoon.

The Geoghegan Mustang was the last lot to go under the hammer with a total of 48 bids resulting in a winning price of $645,000 plus buyer’s premium.

The Ian Geoghegan 1967 Ford Mustang and Bob Jane 1972 Holden Monaro. Pic: Supplied / Burns & Co

Also part of the auction was Bob Jane’s 1972 Holden Monaro GTS 350, campaigned by the late Supercars Hall of Famer and the late John Harvey as both an Improved Production car and a Sports Sedan.

Despite reaching a high bid of over $1 million after a total of 72 bids, the Monaro was passed in.

However, since this story was originally published, Burns & Co confirmed to V8 Sleuth that the Monaro was subsequently sold for an undisclosed price.

Both cars were most recently on display at the National Motor Racing Museum at Bathurst, with the bidding for both cars conducted live from the venue.

Will Dale is V8 Sleuth's Head of Content - Digital. He began his media career as a breakfast radio newsreader before joining SPEED TV Australia and FOX SPORTS Australia in 2012 as its Digital Editorial Lead - Motorsport, covering all forms of motorsport both in Australia and internationally. He became part of the V8 Sleuth team in 2018.