Happy days return at Shannons Melbourne Spring auction

In Industry, News by fullboost

The pre-GFC glory days for Australian Muscle Cars were revisited at Shannons Melbourne Spring Auction on September 19, with a two-owner 1970 Falcon XY GT selling with ‘no reserve’ for $176,000 – a price not seen at auction for this model for nearly a decade.

‘No reserve’ 1970 Falcon XY GT brings $176,000
Holden HX V8 Ute sells with ‘no reserve’ for $37,000
Emerging modern classics RX-7 SP and Audi Quattro bring bumper prices
Black and white Heritage number plates maintain investment value

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The pre-GFC glory days for Australian Muscle Cars were revisited at Shannons Melbourne Spring Auction on September 19, with a two-owner 1970 Falcon XY GT selling with ‘no reserve’ for $176,000 – a price not seen at auction for this model for nearly a decade.

The Yellow Ochre GT with its long range fuel tank and desirable wind-back sunroof was pursued relentlessly by enthusiasts, with bidding starting at its low pre-auction estimate of $80,000 and rising in $5,000 increments to $130,000.

Five phone, three floor and several online bidders then drove its price forward in $2,000, then $1,000 lots before the hammer fell to a Victorian floor bidder.

Online bidders also played a major role in the sale of a number of other classics in the auction, in which 85 per cent of the 39 vehicle lots and all the memorabilia were sold on the night.

Amongst them, a two-owner 1977 HX V8 Utility rebuilt to GTS-style appearance, fitted with a 5.0 litre V8 and finished in striking ‘Royal Plum’ sold with ‘no reserve’ to an online enthusiast in Queensland for $37,000 – well above its high estimate.

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In other standout results at the auction:
a very collectible 1955 Jaguar XK140 SE Fixed Head Coupe with a strong Australian history sold for $115,000
a rare and beautifully-presented one owner from new 1995 Mazda RX-7 SP
– one of 25 built to qualify the model for Australian GT Production Car racing
– also sold with ’no reserve’ for $88,000 to a NSW online bidder
a well-maintained and cosmetically refurbished 1960 Rolls-Royce Silver Cloud II V8 Saloon offered with ‘no reserve’ sold for $53,000
a beautifully-presented ‘no reserve’ 1981 Audi Quattro Coupe brought an unprecedented $37,000, emphasising the model’s long-term collectability
an Australian designed and built circa-1968 VW Country Buggy sold above expectation for $27,000.

Classic American sporting models were popular with bidders, with the standout being the $122,000 paid for a very desirable left hand drive 1954 Chevrolet Corvette Roadster.

Of the Big Americans in the auction, the best result was achieved by a 1963 right hand drive Ford Galaxie ‘Country Sedan’ Wagon coming from long-term ownership and presented in lovely condition throughout that sold with ‘no reserve’ for $26,500.

Also sold with ‘no reserve’ were a well-maintained 1960 Coupe de Ville with an interesting Australian history ($24,000); an enormous 1973 Eldorado Convertible – one of the very few E-body examples in Australia ($22,000) and a rare and stylish left hand drive 1975 Pontiac Catalina Coupe ($16,000).

Post-War British luxury vehicles were also in strong demand, with an extensively-restored 1947 Jaguar Mk IV 2.5-litre saloon selling with ‘no reserve’ for $50,000.

A striking Ruby Red-over-White 1950 Daimler Special Sports Drophead – one of only 500 built with elegant Barker & Co coachwork – sold for $38,500, while a while a stately 1950 Bentley Mark 6 with imposing ‘Freestone & Webb’ coachwork brought $32,000.

Heritage black and white number plates also recorded some very strong results at the auction. The top-selling triple-digit black and white Victorian plate was ‘’720’, which sold for $81,000, while equally impressive was the $39,000 paid for the four-digit ‘6.668’ and $32,000 realised for the five-digit ’20.000’.