Over 200 classic cars go under the hammer

A dispute with the Australian Taxation Office has led to the closure of a unique venue catering to the interests of classic-car fans.

Gosford Classic Cars, part dealer, part museum, could not sustain itself as a business after the ATO subsequently disputed its own preliminary advice to the business owner – that advice being the business could claim tax exemptions as a dealership.

As a consequence, the business has closed and will only reopen this weekend for an auction of the vehicles and memorabilia held at the premises. The level of interest in the auction has encouraged business owner, Tony Denny, to bring back seven more classic cars from the USA.

“It’s a very exciting moment for Australian bidders with further opportunity to own one of these dream classic cars,” said Lee Hames, Chief Operations Officer for Lloyds Auctions, the company that will be conducting this weekend's auction.

“Not only is this an important indication that the classic car market is extremely strong here in Australia but it means we are also seeing a shift in the popularity rising in American and especially European classics.

“There will be thousands of people showing up this weekend so we encourage everyone to jump online to get their free tickets with opportunity for upgrades for those who want the full experience.”

Over 200 cars will go to auction on Sunday, April 7, in the converted Bunnings Warehouse premises. Rare memorabilia will be auctioned the day before.

The additional cars to be auctioned are:
• 1966 Ford Mustang Shelby GT350H,
• 1965 Ford GT40 RCR MK1 Tribute,
• 1962 Ferrari 250 GTE,
• 1959 Ferrari 250TR tribute,
• 1924 Rolls Royce Springfield Ghost,
• 1950 Alvis TB14 Roadster,
• 1954 Swallow Doretti.

The doors open from 8am both days, with inspections to be held on the Saturday, at 3-13 Stockyard Place, West Gosford NSW 2250.

Further information is available at the Lloyd Auctions website and the full catalogue of vehicles is also published online.