JUST CARS spoke with Ashley Burns, Company Principal of Burns & Co Auctions, for his thoughts...
"The (auction) provided buyers and sellers with a clear understanding of where the market is heading”, stated Burns.
It’s now the 80’s and 90’s Aussie-made vehicles which are seeing a sharp increase in value. As Burns noted, “Genuine Aussie Muscle cars with good provenance and presentation are achieving outstanding results”.
Coming from one of the leading experts in the field, this is excellent news for those with say, a Holden of that era in the garage.
Highlights of the day included
- Group A '88 Walkinshaw with books, reasonably low kms and in excellent condition, which sold under the hammer for an excellent $175,000 plus premium.
- A '96 GTS-R with optimisation aftermarket, very low kms, in outstanding condition and with books.Although this vehicle was passed in at $140,000 on the day, Burns was able to negotiate with the highest bidder from Tasmania to secure a successful sale.
- An attractive HX GTS Monaro with matching number 253 V8, Original books etc also sold under the hammer for $50,250 plus premium.
- Early Holden’s also are the flavour of the month with an original FC Holden selling for $37,500 plus premium and an FB making the same money. An early build 1949 48:215 also made $37,500
- Another car to attract keen interest was an Australian assembled 1959 Chevrolet Bel Air selling for $51,000 plus premium.
- A superbly presented 1948 modified 48:215 FX Holden (5ltr V8) with an extensive list of achievements was passed in at $110,000, “negotiations are continuing, we want the right price for the seller” Burns said.
An auto enthusiast himself, Burns knows what to keep an eye on for classic car investors and had some words of advice. “A very good buy would be a 100% Genuine SLR 3300 Torana with books and is available for around $40,000. Would make a great investment”
“Genuine Aussie Muscle cars with good provenance and presentation are achieving outstanding results” - Ashley Burns
With an increase, must come a decrease elsewhere. Burns had this to say “Where the market has slowed and is sending mixed messages is in the American side of the catalogue. Left hand drive vehicles have slowed given, in many cases their lack of provenance and abundant choice. Importing seems to have slowed for various reasons so this means supply v demand may get closer together over time and we see an improvement in the market.”
Burns & Co, based in Mildura with a new office in Bayswater, have their next Memorabilia Auction on Saturday 24th and Sunday 25th August. This includes plenty of petrol and oil, rural, shop and household advertising with an extensive Golden Fleece and Firezone collection.
The next Vehicle focused auction is set down for September 21st 2019. Considering the July auction, you won’t want to miss.
Images provided by Burns & Co Auctions on b/o Farmpix
Article: Matthew Lancaster, Raquel Gooch