HO, HO, HO - Santa calls early at Shannons
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HO, HO, HO - Santa calls early at Shannons

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By Shannons - 26 November 2014

• Highly-collectible GT-HO Phase 2 from long-term ownership

• Sought-after 1972 Monaro LS 253 V8

• Superb 1968 Shelby Mustang GT350 Fastback

Santa is coming early at Shannons, with half the 42 classic cars and motorcycles in Shannons upcoming Melbourne Summer Auction on December 8 being offered with ‘no reserve’.

The absolute highlight for Australian Muscle Car enthusiasts and collectors is a 1970 Ford XW GT-HO Phase 2 Falcon owned by an Australian motorsport ‘living treasure’ who was part of the winning team of three Ford Falcon GTs in the 1968 London-Sydney Marathon.

1970 Ford XW GT-HO Phase 2 Sedan

His beloved GT-HO, which he has owned since 1985, is now looking for a new home.

One of just 42 cars built in September 1970 and one of only 15 finished in ‘Silver Fox’ metallic (the nick-name of then Ford race and rally car builder, Harry Firth), the HO is fresh from long-term dry storage for the past 16 years and is presented in mostly sound condition.

As the first of these highly-prized and very collectible Australian Muscle Cars to come to auction for some time and is expected to sell in the $100,000-$120,000 range – a realistic expectation according to Shannons and well below the peak prices these cars achieved in the pre-GFC years.

For those who miss out on the GT-HO, here is a desirable 1975 Holden LH Torana SL/R 5000 sedan that has benefited from considerable mechanical refurbishment in recent years, with some components updated to most desirable L34 specification.

1975 Holden LH Torana SL/R 5000 Sedan

Wearing the L34’s trademark bolt-on wheel-arch flares, L34-specification heads and a fully balanced and over-bored 308 V8 motor bolted to a four-speed manual transmission, this desirable SL/R 5000 is expected to find willing bidders in its quoted $28,000-$34,000 selling range.

Another one for the Australian Muscle Car enthusiast is a nicely presented 1972 Holden HQ Monaro LS 253 V8 Coupe finished in the desirable colour scheme of Amethyst with Antique Saddle trim.

1972 Holden HQ Monaro LS 253 V8 Coupe

This two-owner car with great history is cosmetically in very good condition and has been driven sparingly. Shannons believe the LS Monaro’s increasing collectible value as a second-tier Australian Muscle Car should see keen bidding in its guiding range of $52,000-$58,000.

Finally for Fairlane lovers, there is a beautifully presented and eye-catching Orange with unmarked tan interior 1971 ZD 302 V8 Sedan, which Shannons expect go sell easily in the $25,000-$30,000 range.

1971 Ford ZD Fairlane 302 V8 Sedan

Not Australian, but an even more desirable Muscle Car in International circles is a restored right hand drive 1968 Shelby Mustang GT350 Fastback fitted with the model’s 302-cid V8 engine and three-speed automatic transmission. It is expected to sell in the $130,000-$150,000 range – comparable to what original left hand drive models are bringing overseas.

Highlights amongst the 21 ‘no reserve’ cars in the Auction include a beautifully-executed 2002 DRB GT40 Replica Coupe ($100,000-$120,000), a left hand drive 1960 Chevrolet Impala 283 convertible ($25,000-$30,000), an older-restored right hand drive 1942 Chevrolet Two-Door Convertible ($30,000-$35,000) and a nicely-presented 1986 Porsche 928S ($12,000-$16,000).

Protect your Classic. Call Shannons Insurance on 13 46 46 to get a quote today.