Torana brings record $192,000 at Melbourne Motor Show Auction

. March 11, 2008

Melbourne, Monday March 10: A 1977 Holden Torana A9X sedan that had languished silent and neglected behind a block of flats near inner Melbourne for 12 years sold for $192,000 at Shannons Melbourne Motor Show Auction – an auction record price for the model.

The Jasmine Yellow four-door sedan, which emerged in show condition after an exhaustive nine-year restoration, was amongst a number of vehicles that comfortably exceeded their guiding price range in the auction. Shannons had estimated that the Torana would sell for $140-$180,000.

“The auction was a celebration of high quality cars,” said Shannons National Auction Manager, Christophe Boribon. “The vehicles that sold well were all exceptional examples.”

Other cars to sell well above expectations included a fully-restored, white 1977 LX Torana SS 5.0 Hatchback that brought $53,500 against a guiding range of $25-$40,000; a chocolate brown 1966 Mercedes-Benz 220SE Cabriolet in outstanding condition that went for $67,000 (guiding range $50-$60,000); a meticulously-restored black 1966 Mustang notchback coupe that got $51,000 (guiding range $36,000-$42,000) and an award winning red 1962 Volvo P1800 coupe that sold for what is believed to be an Australian record price of $31,500 (guiding range $24-$30,000).

However the standout result was a nicely restored right hand drive 1935 Ford V8 Coupe offered with no reserve that was pursued by over 10 telephone and floor bidders before eventually selling for $47,000 to a West Australian enthusiast – well above Shannons’ $25-$35,000 guiding range.

Other excellent prices were achieved by a well-optioned, matching numbers Summer Gold 1972 Summer Gold Falcon XA GT Coupe that sold for $92,000 and a beautifully-presented, low kilometre red 1971 Ferrari Dino 246 GT coupe that brought $180,000.

Gregarious American cars from the ‘Happy Days’ period spanning the late 1950s and 1960s were also in high demand with the crowd of more than 1,000 packed into the Melbourne Convention and Exhibition Centre.

Top priced of the Americans was a huge and arresting red and white 1959 right hand drive Ford Galaxie Skyliner with a retractable metal hardtop that sold for $82,000.

One lot earlier, an even-longer red and white right hand drive 1959 Cadillac Coupe de Ville in stunning condition sold for $73,000, while a 1956 (red, RHD) Ford Thunderbird made $65,000, as did a turquoise and white (RHD) 1955 Chevrolet Bel Air Custom Coupe. A beautifully presented black 1966 (RHD) Ford Mustang notchback coupe also sold comfortably above its reserve for $51,000.

British and European classics remained popular choices for buyers in the current uncertain economic times. Highlights were a beautiful chocolate brown 1966 Mercedes-Benz 220SE Cabriolet ($67,000), a stunning red 1962 Volvo P1800 Coupe ($31,500), a well-maintained 1982 Bentley Mulsanne Turbo Saloon ($31,000), a largely original 1968 Morris Mini Cooper S Mk1 going ($23,000), a restored 1971 Triumph GT6 MkIII coupe ($21,500) and a 1981 Rolls-Royce Silver Spirit Saloon selling with no reserve for $18,000.

Vintage cars also sold well, with a 1927 Studebaker Erskine sedan with matching trailer bringing $23,000, while a 1927 Chevrolet Capitol AA Roadster sold for $22,000 and a 1922 Citroen 5CV Roadster went for $15,000.

In all, more than 65 per cent of all lots sold on the fall of the hammer for total sales of more than $2 million.

For media information and publication quality photos, please contact:
Michael Browning (03) 9879 9111 / 0418 324 328
For further auction information, contact:
Christophe or Greg on (03) 8543 2288 or 0413 567 308.
To view all auction lots visit www.shannons.com.au

Category: Auction News

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