Million-dollar Holden Monaro sells for $715,000 (2024)

Million-dollar Holden Monaro sells for $715,000 (2)News

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A classic Holden Monaro has sold at auction over the weekend for $715,000 – short of the expected $1 million.

Joshua Dowling

06:3229 June 2020

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Million-dollar Holden Monaro sells for $715,000 (6)

However, the car is deemed so valuable it could be banned from being exported because it is classified as a national treasure.

The 1969 Holden Monaro GTS350 V8 was the company’s first factory-funded race car.

It competed in the Sandown 500 wearing the number 57 in the hands of Spencer Martin and Kevin Bartlett, but crashed and never raced again. It has since been restored.

Another identical 1969 Holden Monaro wearing the number 44 – raced by Colin Bond and Tony Roberts – won that year's Bathurst race.

Earlier in the week, Lloyds Auctions said the vehicle was expected to fetch up to $1 million, however the sale price still makes it one of the most valuable Holden cars to go under the hammer.

Million-dollar Holden Monaro sells for $715,000 (7)

Prices of classic Holdens and Fords have skyrocketed since the end of Australian car manufacturing. Ford’s local assembly line fell silent in 2016 and Holden rolled down the factory shutters in 2017.

However, industry experts say prices for classic Holdens are starting to climb even further now that US car giant General Motors has announced the iconic brand will be axed altogether by the end of 2020.

Before online and phone bidding was due to commence on midday Saturday, Lloyds Auction advised it was likely the buyer of the vehicle wouldnot be allowed to export it.

“In a last minute development Lloyds Auctions received contact from the Department of Infrastructure, Transport, Regional Development and Communications to state that the rare Monaro could be an Australian Protected Object,” a statement from the auctioneer said.

The auction house said it “commended the government’s stance in protecting Australian motoring history for the future of Australian enthusiasts”.

Million-dollar Holden Monaro sells for $715,000 (8)

“While we’re seeing rare classic cars like Holden Toranas and GT Falcons selling for hundreds of thousands (of dollars), none have the colourful backstory or cultural significance of this Monaro, which is what makes it so rare and special,” said Lloyds Auctions CEO Lee Hames.

He said this particular 1969 Holden Monaro race car is “a significant piece of Australian motorsport history, not only shaping the success of Holden as a company, but also setting the stage for the domination by Holden and Peter Brock for the following two decades.”

The 1969 Holden Monaro was built for racing by talent spotter and former Bathurst winner Harry Firth, who gave a young Peter Brock his start in the factory-backed team.

Brock co-drove in the second of the two factory-backed Holden Monaros entered in the 1969 Bathurst event – and finished third in his debut.

It would be another three years before Peter Brock clocked up his first Bathurst victory, in a Holden Torana in 1972, preventing the mighty Ford Falcon GT from winning for the third year in a row.

And thus the Holden versus Ford battle had begun.

Million-dollar Holden Monaro sells for $715,000 (9)

Although the 1969 Monaro’s auction sale of $715,000 is one of the highest prices paid for a Holden, in 2018 the 1982 Holden VH Commodore HDT race car driven by Peter Brock sold at auction for $2.1 million.

Meanwhile, the other HDT Holden Monaro entered in the 1969 Bathurst event – which finished third in the hands of Peter Brock – fetched $455,000 at auction last year.

Million-dollar Holden Monaro sells for $715,000 (10)

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Million-dollar Holden Monaro sells for $715,000 (22)
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Million-dollar Holden Monaro sells for $715,000 (24)
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Million-dollar Holden Monaro sells for $715,000 (36)

Million-dollar Holden Monaro sells for $715,000 (37)

Million-dollar Holden Monaro sells for $715,000 (38)

Million-dollar Holden Monaro sells for $715,000 (39)

Joshua Dowling

National Motoring Editor

Million-dollar Holden Monaro sells for $715,000 (41)Million-dollar Holden Monaro sells for $715,000 (42)

Joshua Dowling has been a motoring journalist for more than 20 years, spending most of that time working for The Sydney Morning Herald (as motoring editor and one of the early members of the Drive team) and News Corp Australia. He joined CarAdvice / Drive in 2018, and has been a World Car of the Year judge for more than 10 years.

Read more about Joshua Dowling

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Million-dollar Holden Monaro sells for $715,000 (2024)

FAQs

Million-dollar Holden Monaro sells for $715,000? ›

A classic Holden Monaro has sold at auction over the weekend for $715,000 – short of the expected $1 million. However, the car is deemed so valuable it could be banned from being exported because it is classified as a national treasure. The 1969 Holden Monaro GTS350 V8 was the company's first factory-funded race car.

How much is a Holden monaro worth? ›

Holden Monaro Models Price and Specs

Starting at $28,160 and going to $33,880 for the latest year the model was manufactured.

What monaro sold for $200,000? ›

A rare 1968 Holden HK GTS Monaro 327, used for the school run and to cart irrigation, has sold at auction for $200,000 in Bundaberg.

What is the rarest Holden Monaro? ›

The HJ Monaro LS coupé is close to being the rarest regular production car ever made in Australia with only 337 units produced. The HJ Monaro GTS coupé was discontinued during 1975 due to falling demand, 606 examples of the GTS were made.

What is a HQ Monaro worth? ›

A factory 350 HQ GTS Monaro is very valuable today, with a 350 sedan fetching as much as $50,000, and close to $100,000 for a 350 GTS Coupe.

What is the most collectable Holden? ›

GTSR W1, 'World's rarest HSV', could become most expensive Holden of all time.

How much is a 1970 Holden Monaro worth? ›

Coupe
1970 Holden MonaroSpecsPrice
(base)Specs: 3.0L, Leaded Petrol, 2 SPEED AUTOMATICPrice: $4,510 - $6,600
GTSSpecs: 3.0L, Leaded Petrol, 2 SPEED AUTOMATICPrice: $4,840 - $7,040
(base)Specs: 3.0L, Leaded Petrol, 3 SPEED MANUALPrice: $4,510 - $6,600
GTSSpecs: 3.0L, Leaded Petrol, 4 SPEED MANUALPrice: $4,840 - $7,040

What was the most expensive Monaro sold for? ›

A classic Holden Monaro has sold at auction over the weekend for $715,000 – short of the expected $1 million.

Is A Monaro a muscle car? ›

So no 'most desirable' classic Aussie muscle car list should overlook the mid to late 1970s Monaros – the forgotten Monaros. The HJ Monaro's styling is about as macho as it comes.

How many Monaro models are there? ›

Named after the Monaro region in New South Wales, the Monaro was introduced in July 1968 as a two-door pillarless hardtop coupe available in three models: the basic Monaro coupe, Monaro 'GTS' coupe & Monaro 'GTS 327' coupe.

What Holden is the fastest? ›

This is not just any Commodore but a super-rare HSV GTS-R W1, the fastest and most powerful car ever built in Australia. Holden reportedly had about a thousand people in the queue to buy one — despite the $170,000 RRP — but only 300 are being made. A bit rich.

What does the name Monaro mean? ›

The name 'Monaro' is variously believed to be: derived from the Aboriginal word 'Maneroo', meaning plain, or an Aboriginal word meaning 'the navel' or 'a woman's breasts'.

Is a Pontiac GTO the same as a Monaro? ›

The only major difference is the addition of a rear spoiler, which is available as an option on the Monaro anyway. The GTO doesn't get the parking sensors from the Monaro, but retains the dual exhaust.

How much is a 1975 Monaro worth? ›

The Holden Monaro 1975 prices range from $4,180 for the basic trim level Coupe Monaro LS to $9,350.

What was the last Monaro? ›

2005 Holden Monaro CV8Z Coupe (Last Monaro built)

Holden initially offered the Monaro in two versions – the supercharged CV6 and a 5.7-litre CV8, the latter available with the choice of either six-speed manual or four-speed auto gearboxes.

What engine is in a Monaro? ›

The Monaro featured a 3.6-liter engine that offered 232 hp. The top-spec versions lost the Monaro name and used only the HSV badge from the Holden Special Vehicle. With a 5.7-liter or, later on, a 6.0-liter V8 under the hood, the Australian GTO was fierce and very tail-happy.

How much was a Holden Monaro in 1968? ›

1968 Holden Monaro Pricing and Specs

The Holden Monaro 1968 prices range from $4,180 for the basic trim level Coupe Monaro base to. The Holden Monaro 1968 comes in Coupe.

Is the Holden Monaro a muscle car? ›

All Monaro 327s came with the GTS cosmetic package that included unique offset stripes and interior enhancements like the console-mounted tacho. GTS 327s filled the first three places in the 1968 Hardie-Ferodo 500, securing Holden's first win in the event and the model's place in Aussie muscle car history.

How much is the last Holden worth? ›

The 'last' Holden Commodore manufactured in Australia sells for $750,000 at auction. A bidder has paid $750,000 for "the last car ever produced at Holden Australia" — even though General Motors says "absolutely the last Holden" is on display at the National Motor Museum in Birdwood, South Australia.

How much is a CV8 Monaro worth? ›

Coupe
2005 Holden MonaroSpecsPrice
CV8-ZSpecs: 5.7L, Premium Unleaded Petrol, 4 SPEED AUTOMATICPrice: $40,810 - $47,960
CV8Specs: 5.7L, Premium Unleaded Petrol, 6 SPEED MANUALPrice: $40,810 - $47,960
CV8-ZSpecs: 5.7L, Premium Unleaded Petrol, 6 SPEED MANUALPrice: $40,810 - $47,960
1 more row

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