A very distinctive-looking 30-year-old Holden Commodore has reached a new price record at auction.
A 1988 VL Commodore Walkinshaw Group A SS sold at a Burns & Co auction on Sunday in Moama in rural New South Wales for a previously unheard-of $340,000. It was the most expensive item of the auction, surpassing 50 other cars that were sold that day, including a 1970 GTS Monaro, a 1969 Corvette Stingray 427 Coupe and a 1973 Cadillac DeVille Sedan, all of which are highly coveted cars.
Named after British racing legend Tom Walkinshaw, the car was sold after 66 hotly contested bids.
Ashley Burns, principal of Burns & Co, told Business Insider it’s investors who buy these cars now, not muscle car enthusiasts.
“These buyers understand the rarity of these cars. There was only 500 of them ever made, and their price will only continue to rise.”
This particular Walkinshaw is number 333 of 500.
The vehicle was originally bought wholesale by the D’Alberto family who have car dealerships in New South Wales and Victoria. Each one of the four D’Alberto brothers bought a VL Commodore when they were released, and it just so happened that this particular one was never registered.
The car only has 1,308km on the clock, was mainly transported on a trailer, and sat on the show floor at the D’Alberto’s dealerships until they decided to sell it. It has a five-litre V8 engine, and a five-speed manual gearbox.
It’s never had number plates and is absolutely immaculate.
And it’s painted “panorama silver” after the famous V8 racing track Mount Panorama, about a 3-hour drive west of Sydney.
The next highest-selling car at the auction was a 1985 VK HDT Brock Commodore Group A SS, sometimes called a “blue meanie”, which fetched $305,000, also owned by the D’Alberto family.
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