'Holy Grail' muscle car sells for NZ$4m

Last updated 09:02 19/06/2014

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A rare American classic muscle car that cost just US$5000 when new has been sold at auction for over NZ$4 million.

The 1971 Plymouth Barracuda convertible, described as the "Holy Grail of muscle cars" by auctioneers Mecum is one of just 11 made in 1971. Ten years ago another of the 11 was sold at auction for US$1m.

It is also one of just two with a four-speed transmission and of those two it is only one with its original powertrain.

Making it even more valuable was the fact it was a unique matching-numbers example.

One previous owner of this car was renowned US cartoonist Russ Meyer.

Bidding lasted eight minutes for the 7-litre 425 horsepower big block V8-powered drop top at the auction in Seattle, Washington, earlier this week.

The final price made it the most expensive Chrysler product ever sold at auction.

Watch the auction below:

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