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The 1991 VN Group A touring car driven by Australian motor racing legend Peter Brock is on the verge of being sold after it went under the hammer on the weekend.

The famous vehicle played a significant role in Australian motorsport and the Australian Touring Car Championship.

Lloyds Auctioneers and Valuers say after competitive bidding, the final bid reached $235,000 and negotiations are underway to finalise the sale.

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