‘Extremely rare’ Holden could fetch $2 million at auction

A 1977 Holden is expected to sell for more than $1 million at an auction ending this Saturday, but experts say it could even fetch as much as $2 million.

The iconic 1977 Holden LX Torana was driven by renowned race car driver John Harvey during the 1977-79 Australian Touring Car Championship, and is now heading under the hammer at Lloyd’s Auctions.

“Arguably one of the most important pieces of Australian motor racing history to go under the hammer in some time, this car is presented in the correct HTD Marlboro livery bearing #76 and running as good as the old days thundering around the tracks,” said LLoyd’s Auction’s chief operations officer, Lee Hames.

The current bid at the time of writing stands at $695,000, but Hames said he “wouldn’t be surprised” if the car fetches as much as $2 million in the next three days.

“The significance and provenance of this car is paramount to Australian history and is something that is very special and extremely rare, there is no other like this car, it is 1 of 1 driven by legendary race car driver John Harvey,” Hames said.

According to the auction house, the Torana was the most successful car ever released by GMH.

The lucky buyer will also receive the spare tyres required for racing and some of John Harvey’s racing memorabilia, including his worn jacket, boots, helmet, trophies and racing records.

The car was last sold in 2002 to someone associated with John Harvey.

Want to hear Australian influencers reveal their best finance tips? Join the Broke Millennials Club on Facebook, and receive one hot tip per day in December.

If you want 2021 to be your best (financial) year yet, follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter. Subscribe to the free Fully Briefed daily newsletter here.