CLOSE TO 70 cars were put in the hands of bidders with Aussie metal proving the most popular, at the inaugural Gosford Classic Car Museum auction in October.

The auction's highest sale price of $500,000 went to an original 1971 Falcon XY GTHO Phase III.

Snapping at its heels was a stunning red Lamborghini Countach 5000QV which went for $480,000.

Strong bidding saw $181,000 paid for a 1971 VH Valiant Charger race car, driven to 25th outright in the 1971 Bathurst 500, by the late Brian Reed and Graham Ritter.

A 1966 Jaguar E-Type Roadster followed on at $155,000 with another Aussie classic in the form of a pristine 1978 Ford Falcon XC Cobra in hot pursuit. The big two-door Ford brought $153,000 after spirited bidding.

While the Euro metal on display was enough to send hearts racing, not all got past the auctioneers winning post.

Those that failed to get up included a rare 1988 Porsche 959 Komfort, a superb Lamborghini Miura P400 as well as a 2004 Porsche Carrera GT.

On the other side of the gavel, a 1966 Volkswagen Kombi Transporter sold for $104,000, well above the pre-sale $70,000 estimate, and a 1974 Ferrari Dino GT4 with just 1169 kilometres on the clock went to a new home for a mere $88,000.

Another steal was the 1971 De Tomaso Pantera GTS which found a new owner who lobbed the winning bid of just on $82,000.

Remaining unsold were a 2016 Porsche 911R and an extremely rare 1991 Jaguar XJR-15.

One Aussie that attracted a lot of pre-auction excitement but ultimately failed to get up was a 1970 HG GTS Monaro that topped out at $169,000.

With so many cars to go under the hammer, the auction turned into a bit of a marathon for the 1,000 attendees, a group that included buyers from around Australia as well as from a number of overseas locations.

While a strong clearance rate of over 60 per cent resulted in many happy buyers and vendors, some were left slightly disappointed not to snap up a bargain or to see their pride and joys fail to achieve the prices they had hoped for.