Yahoo Finance 'Piece of history': Australia's last-ever Holden up for auction TODAY
The last Holden ever produced in Australia will be up for auction today.
The Holden VF Series II SSV Redline was built in October, 2017 and is the last of the car manufacturer’s 70-year legacy in Australia.
In mid-February 2020, Holden announced it was closing down for good in Australia, axing 600 jobs in the process.
The vehicle will go for auction online at Lloyds Auctions, and is effectively in showroom condition, recording only 102 kilometres on its odometer.
Lloyds Auctions chief operations officer Lee Hames said the auction house was very excited to sell the “very last Holden ever framed, stamped and painted in Australia” and had already experienced “phenomenal” interest in the vehicle.
“We have had enquiry from collectors, investors and Holden enthusiasts from all over the country, phones are ringing off the hook night and day,” he said.
“There are some very passionate Holden enthusiasts and collectors looking to own this special piece of Australian history.”
All auctions will start at $1, but Llodys Auctions expects the vehicle to fetch up to half a million dollars.
“There’s no precedent for price on this car as it is just so rare, there will never be another ‘last Holden’, but it certainly wouldn’t surprise us if it achieved a strong 6 figure result,” Hames said.
The price of Holden cars has risen markedly since Holden announced it was shutting down its Australia operations.
In November last year, pundits expected an “extremely rare” 1977 Holden driven by renowned race car driver John Harvey to fetch as much as $2 million.
Hames said the auction house had seen a huge demand for Holdens since the manufacturer’s closure.
“We encourage anyone who might be looking to sell their vehicle to give us a call right now,” he said.
At the time of publishing, the current bid for the Holden VF Series II SSV Redline is $265,000.
The estimated time of auction is around 2:15pm AEDT Saturday 30 January.
You can view the listing and register to bid here.
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