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Owner wants $1 million for Holden Monaro

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    The car for sale was the star of the 2002 Sydney motor show. Photo Gallery

The most expensive Holden ever sold is back on the market.

The Monaro HRT 427 is listed on eBay for $1m with one bid of $900,000. The price, if accepted after bids close tomorrow at 8.42pm, would be the highest for a car sold in Australia under the hammer.

Owner Paul Rammers of Cam Plastics at Narangba north of Brisbane said he was still in two minds about selling the car. "I don't need to sell it but it's time to move on a bit,'' he said. The car, one of only two roadgoing Monaro HRT 427s built, was once owned by Shawn "Chooka'' Ryan of Cairns.

He paid $920,000 for the car before he was forced to sell it through Pickles Auctions in 2010. It is understood the $920,000 sale included another classic Holden which was worth far less than the HRT 427.  Mr Rammers said he did not expect to sell it on eBay but there were four seriously interested parties.

"One guy has phoned me six times and says he is going to fly up from Victoria tonight,'' he said. "There's another at Toowoomba who is interested. He bought Chooka's W427.''

Mr Rammer said he originally bought the car after it didn't sell at auction. He paid $350,000 plus $12,000 in fees after NBA basketballer Andrew Bogut pulled out of the bid. He said he rarely drove it. "I drove it back from Sydney. It was unbelievable.''

He also took it to Forbes on the back of a trailer to an HRT specialist who re-programmed it on a computer. "I've done 250km/h. It was a piece of cake plus there was a lot left.''

Mr Rammers said he last drove it for a wedding photographic session at Easter last year and afterwards was pulled over by the police. He was fined $2000 for having an unregistered and uninsured vehicle and for illegal use of a trade plate.

He said he had sold other cars in his collection, including EH Holdens and a Statesman, but still owned three GT Ford Cobras, a HQ Statesman and a HQ Monaro coupe.

"I love high performance cars. If I sell it I'll buy a HSV W427, I reckon I can get one for $110,000, an all-wheel drive Coupe 4 Monaro, which are about $55,000-$60,000 and I've got my eye on a 430 Ferrari convertible for about $200,000, which is not a lot of money.''

The HRT 427 Monaro has a race-bred 7.0-litre V8 with 427kW of power, although there are no rear seats, a radio or airconditioning. The car for sale was the star of the 2002 Sydney motor show and is the only one sold privately with the other car remaining with Holden.

Three race cars were built to similar specifications and won the 2003 Bathurst 24-hour with the late Peter Brock at the wheel. Holden Special Vehicles had planned to sell the production cars in a limited run for as much as $215,000, but the project could not be financially justified.
 

Comments on this story

Displaying 3 of 14 comments

  • Best holden ever, are you dreaming - it's a commonwhore.

    JEB of perth Posted on 13 March 2013 11:36pm
  • $1 million, I don't care what motor is in it or what it represents 10 years ago, no car is worth that let alone an overated taxi.

    JEB of perth Posted on 13 March 2013 11:33pm
  • Can tell who the real car enthuisists are on here, They understand its a piece of Australian motoring history and not just any other Monaro built. Lambo ? Please, about as exclusive as a Honda these days. And lets not forget that this 7.0L 2 door commodore with so called old dinosaur technology as you guys usually put it, Absolutley polverised everything in the 2003 24hr including the GTR spec supercars with AWD,V12 and newer technology. Hahahahahaha

    Johno Posted on 13 March 2013 8:51pm
  • @ HSV fan. Why do you think the car is not worth this value? There is only two and this is the only one owned privately. The other owned by Holden and in their museum, HO 351 GT's were reaching these prices (for the right one!), and i'm sure this one will exceed them in years to come. I'm sure he has every chance of getting this amount for his one of a kind Monaro. Especially when you see the wealth of car collectors out there.

    JB of Melbourne Posted on 13 March 2013 3:04pm
  • I feel sorry for all u negative people. It's a piece of Australian motoring history and if owning it makes you a bogan well print me up a shirt.

    Casey of Brisbane Posted on 13 March 2013 12:42pm
  • This bloke is kidding himself. 900k, he won't even get half of that. This is all a publicity stunt to drive up the price. How can you not see this Cars guide? Please do a follow up story with the purchaser and his signed cheque for 900k. Bet that won't happen.....

    HSV FAN of Melbourne Posted on 13 March 2013 9:06am
  • The 2003 *victory* @ Bathurst should be cancelled and void How can 2 cars be considered "production" Phoney car and win

    Otto Au of Syd. Posted on 13 March 2013 8:39am
  • Nothing has changed with the passing of time Bogan/yobbo [with serious coin] lives strong in AUS grin

    Otto Au of Syd. Posted on 13 March 2013 8:37am
  • Spending $900,000 on a 2 door Commodore seems mutually exclusive to the type of qualities it takes to be able to spend that amount of money on a car in the first place.

    Chris of Brisbane Posted on 12 March 2013 11:20pm
  • Seriously? it's just an old Holden. Anyone who would pay that amount of money for a Commodore is seriously deluded. Get a life!

    Just a Holden Together of Brisbane Posted on 12 March 2013 10:09pm
  • wassstttteeeee of money!!

    moose of Australia Posted on 12 March 2013 9:57pm
  • Easily the best Holden ever made. I just want one!

    Graeme of NSW Posted on 12 March 2013 9:33pm
  • No bids on it that I can see..... ???

    Berto Posted on 12 March 2013 5:17pm
  • In the end...its a commodore. Who in their right mind would buy it for a million. Give me a Lamborghini anyday. Would be about as exclusive in Australia and save several hundred thou. Plus people drool at the sight of a Lambo...not a Holden.

    MinusZero of Brisbane Posted on 12 March 2013 4:38pm
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