It's like the domino theory, except the prices of Aussie muscle cars are 'falling' upwards with each new breath-taking price for a GT HO Falcon, GTS Monaro or E49 Charger!
Shannons is about to auction a VC model 'Brock HDT' Commodore in Firethorn Red and the auctioneer estimates the 1980 model will fetch between $50,000 and $65,000.
We'll see whether number 206 of a 500-unit production run will achieve that sort of figure when the Australian International Motor Show Auction takes place in Sydney on Sunday October 21. Our guess is that Shannons' estimate may be conservative.
The VC 'Brock' was the first road-going Commodore to be modified by Peter Brock, Australia's most successful touring car driver (if you count success by the number of Bathurst wins), so the car on sale is a milestone model, of sorts. With the upsurge in interest following Brock's death in a tarmac rally crash last year, any commodity with the remotest connnection to 'Brocky' is an appreciating asset.
If a Brock Commodore, under thirty years old, can fetch better than $65,000, it will just cement that perception that Aussie muscle cars in general are a blue-chip investment.
Shannons has a number of test cases prepared for the auction. A 1970 Falcon GT Phase II is expected to go for around $450,000 and a Phase III 'HOey' in Monza Green has been valued by the auctioneers at around $800,000.
A relative bargain valued between $180,000 and $220,000, the XA GT Hardtop up for grabs is finished in 'Yellow Glo'.
For Holden fans, there's an HT Monaro GTS 350 in Sebring Orange; value ranging from $150,000 to $180,000. A '72 LJ Torana XU-1 has been estimated to be worth between $85,000 and $100,000. Even a '72 HQ Monaro LS with the 350CID Chev V8 is valued between $30,000 and $40,000.
For further information concerning the current muscle car boom, see Joe Kenwright's article here.
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