Proving the lust for Australian classics is far from over, a 1977 Holden Torana A9X has fetched a record $192,000 at Shannons Melbourne Motor Show Auction.
Torana reaches record price at auction
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Spending the lesser half of its life behind a block of flats near inner Melbourne, the Jasmine Yellow four-door sedan emerged in show condition after an exhaustive nine-year restoration.

The Torana A9X was not the only classic to sell well above expectations, with a white 1977 LX Torana SS 5.0 Hatchback reaching $53,500 against a guiding range of $25-$40,000.

Torana reaches record price at auction

Other notable results include a meticulously-restored black 1966 Mustang notchback coupe that got $51,000 and a beautifully presented, low kilometre red 1971 Ferrari Dino 246 GT coupe that brought $180,000.

Torana reaches record price at auction

However the standout result was a nicely restored right hand drive 1935 Ford V8 Coupe that was pursued by over 10 telephone and floor bidders before eventually selling for $47,000 – well above Shannons’ $25-$35,000 guiding range.

In all, more than 65 per cent of all lots sold on the fall of the hammer for total sales of more than $2 million.