Violet Fashion by Mindy
12-01-2005, 02:54 AM
http://carsguide.news.com.au/common/imagedata/0,3600,5078898,00.jpg No steal: this gutted 1969 Holden Monaro sold for $55,000
It's a rusting and gutted nearly 40-year-old virtual-wreck with many of its parts lying in boxes. It hasn't been driven since 1982 and while many of the parts are original only some have been re-conditioned.
Rebuilding it will take a major operation. But earlier this week it was the subject of a massive auction room bidding war that saw one punter pay an incredible, and possibly a record, $55,000 for what is left of this 1969 Holden HK Monaro GTS 327 coupe. The key to the frenzy is that the car has an original ID tag showing it was the 227th HK 327 GTS built at Holden's Elizabeth plant in Adelaide. Importantly, the car has matching chassis, engine and transmission numbers to verify its authenticity as a rare piece of Australia's motoring history.
A sister car won the 1968 Bathurst 500.
The result stunned auctioneers, Shannons, who had forecast it would go for about $20,000 at the Melbourne auction this week.
And it has surprised the Monaro Car Club of Victoria. On its website it said that based on recent sales, once the car was restored to concourse condition, it "will be worth in excess of $50,000-$60,000." The new owner must now be hoping for an extraordinary rise in values when he finishes this project.
http://carsguide.news.com.au/news/story_page/0,8269,17348871%255E21822,00.html?from=hpscrollamatic
It's a rusting and gutted nearly 40-year-old virtual-wreck with many of its parts lying in boxes. It hasn't been driven since 1982 and while many of the parts are original only some have been re-conditioned.
Rebuilding it will take a major operation. But earlier this week it was the subject of a massive auction room bidding war that saw one punter pay an incredible, and possibly a record, $55,000 for what is left of this 1969 Holden HK Monaro GTS 327 coupe. The key to the frenzy is that the car has an original ID tag showing it was the 227th HK 327 GTS built at Holden's Elizabeth plant in Adelaide. Importantly, the car has matching chassis, engine and transmission numbers to verify its authenticity as a rare piece of Australia's motoring history.
A sister car won the 1968 Bathurst 500.
The result stunned auctioneers, Shannons, who had forecast it would go for about $20,000 at the Melbourne auction this week.
And it has surprised the Monaro Car Club of Victoria. On its website it said that based on recent sales, once the car was restored to concourse condition, it "will be worth in excess of $50,000-$60,000." The new owner must now be hoping for an extraordinary rise in values when he finishes this project.
http://carsguide.news.com.au/news/story_page/0,8269,17348871%255E21822,00.html?from=hpscrollamatic