Aussie classics are starting to flex their considerable muscle.
With homegrown Fords a thing of the past and the axe about to fall on Holden’s local production, the price of Australian produced classics has started to take off.
An increasingly collectable 1976 Ford XB GT Coupe went under the hammer for an “excellent” $134,000 at Shannons winter auction this week.
The car, tipped to sell in the $85,000-$100,000 range, defied all expectations.
“Like all Ford GTs prices have shown rapid growth in recent years, making them a fast appreciating asset that’s also great fun to drive,” says Shannons.
Other Australian built classics also attracted strong bidding at the Melbourne auction on Monday night.
Shannons says Australian muscle cars were particularly popular with many floor, telephone and internet bidders, most selling at or above their pre-auction estimates.
Another Ford, a nicely-presented 1973 Ford XA Fairmont GS Sedan equipped with a K-Code 351 V8, automatic tranny and 9-inch diff – attracted a $63,000 winning bid.
On the other side of the fence, a highly-desirable 1972 LJ Torana XU-1 sold for $102,000, while a freshly-painted 1969 Holden HT Monaro Coupe that had been upgraded with a 350 V8 sold for $64,000 and a 1980 HDT VC Commodore 5.0-litre V8 Sedan with books and a history file, made $52,000.
“Prices of genuine XU-1s have shown rapid appreciation in recent times and this trend looks set to continue, with interest in these iconic muscle cars, with Bathurst-winning heritage, at an all time high,” Shannons says.
The lone Mopar muscle car represented in the auction – a one-owner, well-preserved Chrysler VH Valiant Charger XL – went for $37,000.
Moving forward Shannons next auction will be held in Sydney on Monday, August 28.
Already earmarked for this event are a 1970 Ford XW Falcon GT-HO Phase II Sedan, 1967 Ford XR Falcon GT Sedan and a 1972 Chrysler Valiant VH Charger E55 Coupe.