SYDNEY, AUSTRALIA (July 17, 2009) – Shannons’s first auction at Meguiar’s MotorEx on Sunday (July 12) resulted in high public interest and strong sales, with nearly 70% of all vehicle and memorabilia lots selling on the hammer for total sales of around $580,000.
Some of the best results at the Sydney Showground sale came from the wide selection of Australian and American Muscle Cars in the sale.
The top-selling vehicle lot was a rare left hand drive factory big-block 1970 Chevrolet Corvette 454-cid Convertible in restored condition with four-speed manual transmission that sold on estimate for $64,000.
A Poppy Red left hand drive 1965 Mustang Fastback restored to show standards made an excellent $48,000; a 1990 Holden VN Group A SS Sedan (number 182 of 302 built) that had travelled just 47,000km since new sold for a solid $43,000 and a Chateaux Mauve three-owner 1972 Torana XU-1 in top condition brought an equally-strong $44,000.
Other good American Muscle Car sales were a left hand drive 1969 Mustang Grande Convertible that went for $32,000 and a right hand drive 1971 Chevrolet Corvette Stingray Convertible that sold for $25,600.
However the biggest applause from the crowd of nearly 600 at the auction went to the purchaser of a much more humble 1952 Glacier Green ‘FX’ Holden Coupe Utility laden with period accessories that brought the hammer down at $24,000.
For more information, visit www.shannons.com.au.