Investing in the right Holden is as safe as houses, says auctioneer

A vintage Holden has sold for $312,000 at Lloyd’s Auction on the Gold Coast, creating a new record in Australia.

A vintage Holden has sold for $312,000 at Lloyd’s Auction on the Gold Coast, creating a new record in Australia.

The pristine HT GTS Monaro Coupe 1970s race car had been predicted to break the Australian record for a vintage car sold at auction, being dubbed the “hero” of the day.

Lee Hames from Lloyds Auctions told the Gold Coast Bulletin he had never seen a 1970s model in the same condition.

“If you pick the right Holden they’re a better investment than houses, they go up about nine per cent in value every year,” Mr Hames said.

“These things are just so scarce the price is going through the roof.”

The record has been broken twice in the last month, with a similar Monaro selling for $310,000 in March.

The car originally sold for $4000 in the 1970s.

In July, RACQ will host Queensland’s largest vintage car show at Eagle Farm Racecourse, this year’s event celebrating more than 50 years of Holden in Australia.

The free event is an opportunity for car lovers to show off their pride and more than 600 classic, vintage and unique vehicles on display.

For more information about motorfest, visit https://www.racq.com.au/about/news-and-community/events/racq-motorfest