Owner wants $1 million for Holden Monaro

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.