The actual '71 Falcon XY GTHO Phase III was powered by a modified 351 Cleveland V8 engine that produced somewhere around 380HP. Mated to a 4 speed manual-gearbox, the rear-wheel drive Falcon was said to reach 60mph (96km/h) in 6.4 seconds and the quarter mile in 14.2 seconds while its top speed was close to 230km/h (143mph). Only a mere 300 examples of the GTHO Phase III were built and fewer than 100 survive today. The past few years, prices for the much sought after Ford have skyrocketed to as high as AUD$800,000.
As for the die-cast version of the Aussie muscle car, the 60cm or 23.6-in. long 1/8th scale replica looks the part from the photos featuring many realistic details, but we'd like to see one up close before spending a grand on a die-cast model. According to the maker, the Ford Falcon XY GTHO Phase 3 will be available during the thrid quarter of the year.
Link: Icon Models
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