Update:

The 32km W1 sold for $350,888 plus buyer’s premium. For once, our speculation about such matters has proved remarkably accurate. Which is great for our sense of self esteem, but disappointing for low-km W1 owners who have been hoping for much more. It will be interesting to see if more W1s come on the market over the next couple of months.

The story to here:

It is no secret that a fair number of the 300 GTRS W1s (275 for Australia, 75 for NZ, plus four W1 Maloos) that were built by HSV have been stored away by collectors with only delivery kilometers on the clock. The W1 had a MSRP of around AU$175,000 when new, but prices on the aftermarket boomed almost immediately.

Prices at auction peaked in 2021 with a W1 Maloo reaching $1.05 million and a GTSR W1 in XU3 Yellah (with just 16km on the clock) reaching $750K.

Since then, W1 auction action has been few and far between. A Sting Red W1 with 1527km sold at Grays for $301,100, plus buyer’s premium.

Besides that, there are currently 12 W1s up for grabs on Carsales, all listed as ‘Enquire for price’.

The big question of what a very low-km W1 is actually worth may be answered today however, with a W1 in Light My Fire with just 32km on the clock (and a sunroof!) going over the digital auction block at Collecting Cars.

The bidding is currently at $223,000, with 27 bids thus far. If the bidding crests the seller’s reserve, we’ll get the rare opportunity to see how the market is currently valuing one of the greatest Aussie muscle cars of all time. The bidding closes at 4.30pm, AEDT.