The Positives and Negatives of Buying at a Classic Car Auction

It’s an automotive enthusiast’s dream. Head to an auction that features a list of classic cars, the type that had you gazing at the poster on the wall for hours. Up for grabs is a Lamborghini Countach, perhaps a Tucker Torpedo, maybe even a classic Ford Model T.

Niggling away is a question or two. How good will the car be? Why is it being sold? Let’s have a look at some of the ups and downs of buying such a machine at an auction.

One immediate positive is that the prospective buyer MAY be the only person looking for a certain car listed. Sure, this easily can be a negative if everyone’s after a Ford Falcon GTHO with three hundred miles on the odometer but if it’s something like a 1957 Chevrolet Bel Air in reasonable condition, there’s a better chance of not so many eyes being on it.

Many classic cars come with paperwork. This describes the history of the car from the day it was sold at a dealership, its service history in detail, any restoration work, and the canny owner will have had this done by specialists. As a result, the car should be in as close to showroom condition as possible and with as little to spend on top of the final purchase price.

Reputable auction houses help behind the scenes by doing their best in ensuring a seller is not selling a dud. As an accepted rule, sellers via reputable auction houses are either known to the auction company through previous transactions, have been thoroughly vetted by investigation, or are a known vehicle investor.

The classic car family is a solid and tightly knit network. One particular American gent has made a living from buying and restoring classic cars then selling them at auction. This, as a result, has had him build a great network of people to call for advice and for assistance when required. If car XYZ is missing part LMN then a phone call or email generally has someone somewhere saying “yes, I can help”. This results in being able to source a genuine part, just like Rare Spares offers as a service.

However not all diamonds are polished. Although a good auction house will inspect the cars being offered for sale, sometimes human error creeps in and a car listed as 100% genuine may have parts that were hastily cobbled together from less than reputable sources to have it ready in time for sale. Thankfully these happenings are as rare as they can be.

Cost at an auction is always the big question. Again, most reputable auction houses will be able to price the car to the market value. There will be a reserve, a minimum asking price, but sometimes that can work against buyers that feel the market is asking too much, or, conversely, can see the expected asking price soar way beyond expectations, leaving buyers frustrated with what could be seen as artificially inflating the value and therefore affecting similar vehicles negatively.

Having a good knowledge of cars and the industry certainly won’t be seen as a bad thing. Not all rare cars are desirable and not all classic cars are expensive, so being able to research, shop around for the relative sales price of a car being eyed off will assist when you’re ready to buy. That way, at an auction and knowing what you’re prepared to spend will assist especially if there’s a choice of the car you’re aiming to purchase.

Finally, an easily overlooked item: what are you, as a new buyer, going to do with the car itself? Some people are in an envious position to be able to store cars in a properly maintained environment and keep them as an investment. However if you’re looking to be a driver of the car, let’s say a Porsche 356 Speedster, what about: parts, fuel, insurance, the actual drivability of the car? Some classic car owners bring them out for car shows, perhaps a drive day at their local race track, and unfortunately too many are driven there and are trucked away with mechanical issues that weren’t obvious when bought.

To use that well worn phrase, however, “at the end of the day” it shouldn’t be forgotten that a buyer of a classic car does so because they’ll ultimately wish to be happy, proud, satisfied, with their purchase. After all, that’s what Rare Spares aims for with our range of parts for Australian classic cars. 

Let us know your thoughts on what you look for in a classic car and perhaps the good & the bad you’ve experienced at an auction.

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How did the Falcon and Commodore get their names?

The Ford Falcon and Holden Commodore are undoubtedly the two cars that will be remembered most fondly in the hearts of Australians as the years pass. But just how did the Falcon and Commodore get their names? In most cases, the names of modern cars are the result of hundreds of hours spent by marketers in boardrooms trying to conjure up a name that they believe resonates with the target audience. But in the case of the Falcon and the Commodore, there is a little bit more to the story! Read on to find out about the origins of the names of these two great cars.

The Ford Falcon

Unbeknownst to some, the Falcon has a history long before it ever hit the shores of Australia with some experts believing the name goes as far back as 1935 when Edsel Ford used the name plate on an early luxurious motor vehicle. It didn’t hang around long though, and by 1938 the Falcon had been rebranded as Mercury, which of course went on to become the long-lived ‘luxury’ division of the Ford Motor Company.

The Falcon then reappeared in 1955 as a Chrysler concept vehicle, which was built with the intention of going head to head with the Ford Thunderbird and Chevrolet’s Corvette. After only 2 or 3 were built, the idea was shelved once the costings of developing a low volume, high priced vehicle didn’t quite stack up. Now from here is where the story goes one of two directions depending on which side you believe. The first story goes that in 1958, both Chrysler and Ford had internally named their new small car the ‘Falcon’. In the auto industry all names need to be registered with the Automotive Manufacturers Association, and in a case of true coincidence Ford managed to register their ‘Falcon’ a matter of only 20 minutes ahead Chrysler, ensuring the name was Ford’s. Controversy ensued and Chrysler was left searching for a new name.

On the contrary, the other much less exciting story is that Henry Ford II called up Chrysler boss Tex Colbert and asked for permission to use the Falcon name. Colbert was happy to allow the name be used as Chrysler had their eye on another name… The Valiant.

Two years the later the Falcon made its way to Australian shores and after a few early hiccups became one half of Australia’s much publicised Holden v Ford rivalry.

The Holden Commodore

As some of you may know, the Holden Commodore didn’t actually start its life on Australian shores. Some 60 years ago, Opel were building a car called the ‘Rekord’. In 1967 a slightly upspec-ed Rekord was rebranded as the Opel Commodore and marketed as a faster and better looking alternative to the dating Rekord. While the naming process isn’t as interesting or long winded as the Falcon, the Commodore was named after the naval officer rank.

After 10 years of Commodore production the name was brought to Australia and utilised under the Holden banner. The original model, the VB Commodore shared its likeness with both the Opel Commodore C and the Rekord Series E. Right through until 2007 the Holden Commodore drew on a design used by the Opel Omega and Opel Senator before being replaced by the first truly Australian designed Commodore – the VE. So while in 2018 the Commodore will be replace by an Opel, remember it’s not the first time that Australia has been graced with a European designed Holden.

What other car makes and models should we look at the origins of? Head over to the Rare Spares Facebook page and let us know in the comments section below.

Five unusual HSV’s

Holden Special Vehicles has earned an iconic status in the Australian automotive landscape over the last 30 odd years and has manufactured some of the country’s most impressive and fastest sports cars. However, as with most manufactures, not every single model has been a hit with the public and some won’t go down in history as ‘special vehicles’. Time has not aged the below cars particularly well, but none the less in this article we will take a look at three HSV’s that were on the unusual side.

HSV SV1800 Astra

The Nissan Pulsar… ah Holden Astra, wait no the HSV SV1800 Astra will go down as one of the least inspiring and unsuccessful HSV’s to hit the showroom floor. Powering the SV1800 was the all-conquering 1.8 litre four Cylinder Holden Family II engine which produced a mind-warping 79kw and 151nm. HSV took the Pulsar, added HSV badges, a Walkinshaw-esque ‘wind tunnel designed’ body kits and a HSV build plate. Only 30 sedans and 35 hatchbacks were ever sold, with the remaining body kits winding up as a special option for the regular Holden Astra.

HSV Jackaroo

For the HSV Jackaroo, designers took the regular Holden Jackaroo added an uninspiring body kit, velour trim and badges… and that’s about it. Less than 100 of the off-roaders were built, so perhaps as with many other obscure, short-lived cars if you’re an owner you may be wondering if you’re sitting on a gold mine. Guess again. The HSV variant of the Jackaroo will likely net you somewhere in the region of $5-7K (very marginally more than the Holden variant). Off-roaders bemoan the lack of a V8 or a supercharger that would have undoubtedly ensured the Jackaroo lived up to the HSV reputation of being ‘special’.

 

HSV Challenger

Chances are that you’ve probably never heard of the VN Challenger, only the most diehard HSV fans will remember the 50 ‘dolled-up’ Executive Commodore’s that were put together for the Holden dealer group in Canberra. Features included body coloured wheel covers and bumper bars, pin stripes, a HSV grille taken from the SV3800 and Challenger decals and the only colour option was ‘Alpine White’. While the Challenger itself is not particularly unusual, in fact if anything it’s far too ‘usual’ to be considered a ‘special vehicle’, it’s the reason behind its production which is strange. In the early 90’s, HSV produced a number of short run models to coincide with motoring events and other reasons they saw fit, including the Challenger as well as the DMG90, SVT-30, 8-plus and Plus-6, none of which quite reached the lofty heights of many HSV’s that followed.

Have you owned any of the above HSV’s? Or maybe you have a story about one of the many other HSV’s that have hit showroom floors over the last three decades? Head over to the Rare Spares Facebook page and let us know in the comments below.

Gone But Not Forgotten – Australian Tracks of Yesteryear

Australia plays host to a number of internationally renowned motorsports events each and every year with Philip Island, Mount Panorama and Albert Park the most notable circuits on the motorsports calendar. But what about the tracks of yesteryear, the tracks that once held events which spectators would flock to in droves? What happened to these tracks and what lays in their place now? We will look to answer a few of these questions in this week’s blog.

Oran Park

Oran Park closed down in 2010 to make way for a housing development after almost 50 years of racing. The course held a reputation within both the car and motorcycle world as a tight, fast and unforgiving circuit which punished even the slightest mistake. The last Supercar race took place at the venue in 2008, in what also served as Mark Skaife’s final full time race event, Rick Kelly went to win the final race of the weekend while Garth Tander took the round win. Unfortunately, as a result of the housing development there’s not really anything left of the track at Oran Park, with only the street names such as Moffat St, Seton St and Peter Brock Drive to represent the racing of yesteryear.

 

Surfers Paradise Raceway

Racing in Surfers Paradise began long before the days of champ cars, the Indy 300, A1 Grand Prix and Supercars as we know them today. Way back in 1966, Gold Coast Businessman Keith Williams (of Sea World fame) decided to build a co-existing race track and drag strip in Surfers Paradise. The popular track hosted weekly drags as well as the ATCC, Tasman Series and even the 1975 Australian Grand Prix with drivers such as Peter Brock, Dick Johnson, Allan Moffat and Bob Jane racing at the track regularly. As with Oran Park, Surfers Paradise Raceway was demolished to give way to the ever-expanding urban sprawl. Of course racing still continues in the form of Supercars on the iconic Surfers Paradise Street Circuit, so not all racing has been lost in the city.

 

Catalina Park  

Opening in 1960, ‘The Gully’ as it was commonly known was one of the nation’s more treacherous racing circuits including rock walls, cliffs and a narrow track right in the heart of the blue mountains. As a result of its mountainous location, fog issues ensured that many race days encountered scheduling issues. While racing stopped at the venue in 1970, the track was utilised for one lap dashes with single cars up until the 1990’s. In 2002 the site was declared an Aboriginal place.

Lobethal

Considered by some to be Australia’s Spa-Francorchamps, Lobethal was a fast, flowing street circuit in South Australia. The almost 14km course ran through the towns of Charleston and Lobethal, with scores of spectators basing themselves at the local pubs to watch the racing. The 1939 Australian Grand Prix was raced on the Lobethal circuit, with racers completing 17 laps in the scorching Australian summer – a number of cars were unable to complete the race. The final race meeting was held in 1948, before closed-street racing was banned altogether by the South Australian government.

Have you driven or raced around any of these circuits? Or do you have a favourite Australian circuit that’s no longer with us? Head over to the Rare Spares Facebook Page and let us know in the comments section below.

Aussie Cars that never were

When we think about Aussie cars, our minds drift towards the Commodore, the Falcon, or the Territory. However, what about those Aussie cars that didn’t quite go as far in the public domain as these classics? Australia has produced some awesome cars that didn’t quite reach the lofty heights laid out in planning. In this article we will take a look at three Aussie cars that didn’t sell in the intended quantities, but still hold a special place in Australian automotive history.

Ilinga AF-2

The Ilinga (aboriginal word meaning ‘distant horizon’) AF-2 was designed by Tony Farrell in partnership with Victorian businessman Daryl Davies. The intention for the Ilinga was to be a high-performance luxury coupe utilising aluminium body panels over a steel chassis, using a modified Leyland/Rover 4.4 litre V8 to provide the power. Before running into financial difficulties, two prototypes were built and orders were taken, however the 1970’s oil crisis ensured the closing of Leyland Australia, meaning the Ilinga had lost its engine supplier. One of the prototypes lives in the carpark entrance of the Melbourne Museum, whilst the other is nowhere to be found!

 

Giocattolo

Born in 1986, the Giacattolo was the brainchild of Paul Helstead and F1 engineer Barry Lock. With plans to build Australia’s first Supercar, Helstead and Lock took an Alfa Romeo Sprint and dropped a 5 litre Walkinshaw Holden Group A V8. Producing 220kw and 500Nm, the car was a rocket, capable of powering the Giocattolo from 0-100 in under 5.5 seconds while having an electronically limited top speed of 260kph. With upgraded tyres, brakes, transmission and a supremely high tech suspension package, the Giocatollo was akin to a Go-Kart on steroids. The $80,000 price tag however was a bridge too far for consumers, and production ceased after only 3 years and 15 units were built. To take a look at the article we put together on the Italian/Australian pocket rocket earlier in 2017, click here.

Joss JT1/JP1/Vanguard

With more comeback tours than John Farnham, what started out as the Joss JT1 was supposed to be Australia’s answer to iconic supercars such as the Enzo Ferrari and Lamborghini Murcielago. It has never eventuated unfortunately, as numerous attempts to get the project off the ground including renames to JP1 and eventually Vanguard have fallen flat. Featuring a 6.8 litre V8, the 940kg supercar was fast enough to achieve 0-100kph in less than 3 seconds and run the quarter mile in a tick under 12 seconds in stock trim. Only 1 Joss has been built to date and the outlook looks bleak, however we’ve been in this position before only for Joss to announce that the project has been fired into life again! So who knows, maybe there’s still hope for the Joss JT1/JP1/Vanguard?

Have you spotted any of these low production Aussie cars on the road? Or maybe you’re the proud owner of one of the very few remaining Giacattolo’s? Head over to the Rare Spares Facebook page and let us know in the comments section below.