Hi Peter
What the vehicle sold for is one point. But where it sits in the great land of "Monaro" is more relevant.
On this subject I feel my comments bear consideration.
Having been one of the final bidders on the record (public) sale HK327 I can say the hammer fell back then at $220k plus premiums etc.
So there is the precedent. Add an understanding of several things and a realistic value of between $150k and $200k can be considered realistic for that car.
1. Through the boom of the mid "zeros" HK/T/G 327/350 GTS Monaros were considered somewhat undervalued.
2. I am aware of two private sales higher than the benchmark $220k
for an HK.
Cars like the Blue one discussed are now starting to break through $150k
3.Other cars are now starting to move. An excellent example of market surety is Nick G's absolutely fabulous Beige non GTS 186 Manual Monaro which has won concours at the Nats three times (?)
4. Many people went through the GFC without "having to" get rid of their toys. I am aware of many cars parked and the owners are in no hurry to sell their cars. Two weeks ago I saw a Monaro on the North Coast which is unknown to the fraternity. It Would have to be one of the best HT350 manuals out there. The owner is a craftsman and he restored it in the early 90's. It might have done fifty miles and is maintained in superb condition.
5. The Warwick yellow car (which Peter has mentioned in a previous thread) which sold for around $65k. This car lived on the other side of the Clarence River to mine and can vouch for its need for at least $100k worth of resto. If that car is done properly the new owner will see it owing him at least that much.
So they are out there.
Getting to the Black car. Well I did say I offered my car for it in bits. I did say that did not suit my mate for his own reasons. So that should provide a vague indication of present value.
When this car is done it will be one of the most valuable HKs (This is unfortunate for me....lol). Perhaps the only more valuable Monaro is the Bruce McPhee car which I believe could possibly still exist. Stranger things have happened.
Cheers.Nick.
Edited by user Saturday, 29 November 2014 3:16:37 AM(UTC)
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