2017 Shannons Melbourne Late Summer Classic Auction

1968 Holden HK Monaro 327 GTS Bathurst Coupe

$200,000 - $230,000


Engine V8, 327-cid
Gearbox 4-speed manual
Engine No. 32742711T0320H5
Chassis No. HK81837-25670M
Body Work Coupe
Colour Warwick Yellow
Interior Black
Trim Vinyl
Wheels Steel Disc
Brakes Discs/Drums

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With the advent of the all-new HK model, Holden introduced a two-door fastback version, badged the Monaro. The new Holden’s purpose was twofold – firstly to appeal to a younger demographic influenced by the burgeoning muscle car trend in America and secondly to provide General Motors with a frontline weapon on the racetrack. The HK range had the option of two imported V8 engines sourced from Chevrolet, the larger 327-cid unit the same small-block motor used to power the Corvette. With 250 horsepower at its disposal, the HK 327 needed a beefed-up transmission so Holden fitted the close-ratio Saginaw four-speed manual gearbox, along with a limited slip diff and power disc brakes up front. Various suspension components were homologated for racing, including stiffer springs and shock rates at the front, bigger stabiliser bars, four-leaf semi-elliptic springs and radius rods at the rear. Another important component contributing to the Monaro’s track success was the 25-gallon long-range fuel tank. All Monaro 327s came with the GTS cosmetic package that included unique offset stripes and interior enhancements like the console-mounted tacho. The combination of Detroit iron and Saginaw close-ratio four-speed gearbox endowed the GTS 327 with electrifying performance and the quarter mile was dispatched in just 16.2 seconds along the way to a top speed of 200km/h. Bruce McPhee, driving a privateer entry, secured victory for Holden driving his HK Monaro 327 over the vaunted Falcon GTs, guaranteeing a place in history for the model. Just how many Bathurst HK Monaros were made remains unclear, although reliable sources usually quote a production figure of 1192, while the number of genuine survivors is likely to be considerably lower. Combine this rarity with the HK’s Bathurst winning Heritage and its place in the pantheon of Australian muscle cars is assured, with values set to continue their upward trend for years to come. 


  • Superb example of this desirable homologation special
  • Four owners, Tasmanian history from new
  • Sensitively restored in iconic Warwick Yellow
This outstanding example of Holden’s highly desirable HK Monaro GTS is an original series one model, finished in the same iconic Warwick Yellow colour shared with the Bathurst winner. Always a Tasmanian car, the Monaro has known history from day one, enjoying just four careful owners in the almost five decades since it rolled off the production line. The first kept the car just two years, the second for six and the third long-term keeper held on to the Holden for 28 years. The most recent owner purchased the Monaro in August 2003 and carried out a sympathetic restoration starting around 3 ½ years ago, with the engine professionally rebuilt to factory specifications, the gearbox overhauled, the steering box and carburettor both reconditioning and a brand new standard exhaust fitted. The body was entrusted to local specialists Reincarnated Classics, who only carried out minor repairs where necessary and carefully preserved the original floor pans, dash and underside of the car, preferring to keep as many original parts and fixtures as possible. The paint was colour sanded and polished using traditional methods of the day and matched to samples of the original, while the stripes were carefully applied using the same period techniques. The result is a correct and beautifully preserved example of this iconic Australian muscle car, one that would be the centrepiece of any collection and a standout at any show. Currently showing 110,764 miles on the clock ( at time of cataloging) , the Holden is registered in Tasmania and will therefore be offered for sale unregistered. 
Note: Shannons advise that all potential buyers research all vehicles before purchase to authenticate originality.

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Saturday 25 February

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Sunday 26 February

10.00am - 4.00pm


Monday 27 February

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