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A big crowd of enthusiastic bidders drove the collectors' car market up a notch at Bonhams & Goodman’s Sydney auction on 1 July. The highest price ever paid at auction for a famous vintage sports car, the 1921 Vauxhall 30-98 E-type Velox Tourer, was achieved when an overseas collector paid $365,000 by telephone at his home in England at 3.30am.
The Vauxhall is an original, unrestored model featuring polished aluminium bodywork, and had covered less than 20,000 miles since 1928. Duncan Beaton of Adelaide purchased the car in 1953 from Colonel Austin, a WW1 war veteran. He immigrated to Australia in 1971 with the Vauxhall, his pride and joy, and kept it ever since. Head of Collectors' Cars Robert Glover said considerable interest in this car had come from around the world, including Australia, New Zealand, Europe and the US, but he hadn’t anticipated breaking the previous record. The company’s CEO Tim Goodman commented that the result confirms the current popularity of very original cars, and also a strong interest from overseas in such cars discovered in Australia.
Interest in a beautiful American classic, a 1934 Packard with glamorous convertible coachwork by Dietrich, was disappointing. One of 3 built and only 2 remaining, it has belonged to the same Australian family for most of its life with a fascinating history. The car failed to sell but negotiations continued at around $200,000 after the auction. However, another rare vintage car, the 2-seater Cadillac 1928 La Salle Series 303 Convertible coupe on a 125" wheel-base, sold for $46,500. It was the subject of a restoration in the 1980s and hardly used since then. The owner was an enthusiast engineer and well known among other collectors.
A gleaming 1968 Ford Falcon XR GT brought $69,000. From a total of 596 produced, only 38 XR GTs were made in that year. Included in the sale was the original Instruction/Service book and a copy of a letter from Ford Australia stating that the original colour was GT gold with a charcoal interior, which it retains. It was modified with a Holley 4-barrel carburettor with sports manifold replacing the Autolite 4-barrel to improve performance. Two Toranas appeared, a 1972 GTR XU-1 estimated between $120,000 and $150,000 that failed to find a buyer, and a ‘70 LC GTR that earned $18,000. |