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Modern classics proving popular at auction

By Chris Thompson, 14 Nov 2017 News


Changes evident in the classics market as Shannons auction brings bidding surprises

While we’ve watched prices for the likes of the XY Falcon and the HK Monaro skyrocket in recent years, a shift seems to be afoot.

Last night’s Shannons auction in Sydney proved a good example of this, as a VN HSV SV5000 was the biggest Aussie winner of the night.

1991-Holden-Commodore-HSV-SV500.jpgWhile it didn’t take the biggest chunk of cash for its sale, it managed to outpace its bidding estimate, something which the also present ’68 HK Monaro GTS 327 and the ’70 XW Falcon GT failed to do.

The VN’s estimate was set by Shannons at $30,000-$40,000, but it ended up finding a new owner for the price of $52,500.

The HK GTS Bathurst (sold for $155,000) and XW GT (sold for $121,000) missed their estimates by $15K and $19K respectively.

HK-Monaro.jpgWith only 68,976km showing on the odo when photographed for the auction, the SV5000 looked to be in very tidy condition.

Single-digit number plate sells for $2.45 million

Being build number 305 of 359 makes it one of the ‘younger’ SV5000s, but it’s still no spring chicken. It comes from a time when its 200kW wasn’t bad for a 5.0-litre V8, and its trip computer was considered a luxury item.

XW-Ford-Falcon.jpgBut in comparison to the older Aussies present at auction, it’s likely the better performer and despite not having the classic appeal of a chrome-bumpered car, its old enough now that most people in their 30s would barely remember them new.

Also present were the likes of the Ford ZD Fairlane which sold for $26K, a Holden HR Panel Van which picked up $26K, and a Holden EH wagon which went for $23,500.