Super-rare Torana to fetch insane price

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A super-rare 1977 Holden Torana that has barely been driven 500km is expected to break records at auction, fetching at least eye-watering $1 million.

It is arguably one of the most sought after Australian muscle cars in the country, being the last model of Holden racing before the V8 Commodores began.

The auctioneers say that in the past 12 months, the very last Holden off the production line sold for $750,000, a Harvey A9X Torana sold for $910,000 and a special one-of-four Holden Maloo Ute sold for $1.1m. Managing director Mark Haybittle said Aussies had been redirecting the cash they might otherwise have spent on holidays, achieving returns of 30 to 40 per cent per annum from classic cars.It’s a trend seen around the world, with streaming TV shows such as Rust Valley Restorers helping younger generations form a love for older vehicles, while older generations left cold by the computerised dashboards of modern cars are pining for the chrome of the past.

 

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