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Cairns collector selling off cars

The prized cluster of Holdens, Fords and Chevrolets has been trucked to Sydney to be auctioned in two weeks. It includes one of just two Holden Special Vehicles HRT 427 coupes which fetched a record $920,000 price tag two years ago.

The auction follows two companies associated with Shawn "Chooka" Ryan, Ausco Firestop (NQ) Ptd Ltd and Ryan Group Holdings Pty Ltd, being placed in receivership by PriceWaterhouseCoopers with debts of $10 million.

Pickles Auctions auctioneer David Hyde said it was the finest collection of muscle cars to go under the hammer in his 30 years experience. He said since the auction on June 7 was advertised there had been "an absolute frenzy".

"The phone has gone into meltdown and the internet has gone crazy," Mr Hyde said. "The competition for these cars is huge," he said. "These cars are absolute top shelf, many with extremely low kilometres. Some of the cars have low build plate numbers."

Receiver Guy Edwards confirmed the auction and the debt. He said the major creditor was the National Australia Bank.

Read the rest of this article at cairns.com.au.

Nick Dalton
Contributing Journalist
Nick Dalton is a former CarsGuide contributor and reviewer via News Limited.
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