An Australian record was broken over the weekend where the iconic Holden HT Monaro race car achieved the highest price for an Australian Holden sold at auction.
The 1969 HT Monaro 57D race car fetched three quarters of a million dollars at auction this weekend selling under the hammer to an Australian enthusiast. “We are extremely excited that the car will remain within Australia, this important Holden achieved the highest price for a road registerable Australian Holden ever sold at auction,” said Lee Hames, Chief Operations Officer for Lloyds Auctions.
“There were seven bidders on the Holden Monaro which came down to two Australian enthusiasts who fought it out, both with the intention to keep the car in Australia,” added Hames. After the car was flagged last minute as a potential export ban from the Australian government, where it may have been unable to leave Australian soil, the scenario ended up being voided. The winning bidder of the Monaro wishes to remain anonymous.
“The auction had a 95 percent sell-through rate of cars all with very strong prices showing that the market is as strong as ever,” continued Hames. “It was fantastic to see the amount of people that tuned into the auction online from all over the world to watch the 5-hour live event.” Australian market cars weren’t the only ones set to break records with both American and more particularly European luxury indicating that markets are extremely strong here also.
“The strong bidding and prices achieved for these cars and, in particular the bikes were great. I think it is fantastic that most bidders were Australian, meaning the cars remain on Australian soil,” continued Hames.
“I am not particularly surprised at the prices achieved in this auction or the records broken over the weekend attracting all of the international attention, it’s a testament to the cars and the passion of car enthusiasts,” commented Alan Jones, Formula One World Champion.
The world-class event described by many enthusiasts that watched the auction online, solidifies Lloyds as a world leader in the Australian, American, European and Prestige car market and proves that Australian car fanatics are as passionate as any.