Asking $1 Million, the 1964 Pontiac Banshee Prototype XP-833 Coupe Is Being Auctioned

The 1964 Pontiac Banshee Prototype XP-833 Coupe is a testament to automotive innovation and corporate intrigue. This rare and iconic concept car, now being auctioned with an asking price of $1 million, embodies its era's bold design and ambitious engineering spirit. From its inception to its current status as a prized collector's item, Banshee's journey is a fascinating tale of creativity, competition, and the elusive pursuit of automotive perfection. Click here for the Hemmings auction listing.

Genesis of the Banshee

In the early 1960s, Pontiac, a division of General Motors (GM), was poised to challenge Ford's Mustang's dominance with its own compact, sporty car. Spearheaded by GM executive John DeLorean, the Banshee project aimed to create a stylish and affordable alternative to the burgeoning market of American muscle cars. Inspired by European sports car designs and leveraging GM's engineering prowess, the XP-833 Banshee concept was born.

Design and Development

The XP-833 Banshee debuted in 1964. It featured a sleek, aerodynamic body with a distinctive sweeping hood and short deck styling. Its fiberglass body over a steel underbody helped keep weight down to around 2,200 pounds, enhancing performance and agility. The Banshee's design cues would later influence future GM models, notably the 1968 Corvette and other vehicles in GM's lineup.

Under the hood, the Banshee was equipped with Pontiac's innovative overhead-cam inline-six engine and an optional 326 cubic-inch V8 engine. This dual-engine setup showcased Pontiac's commitment to offering performance and versatility in a compact package, setting it apart from its competitors.

The Road to Production

Initially, the Banshee received approval for production as a 1966 model, signaling Pontiac's intent to enter the competitive sports car market. However, its promising future was abruptly halted by internal politics within GM. Concerns arose that the Banshee if produced, would cannibalize sales of the Chevrolet Corvette, GM's flagship sports car. Despite positive feedback and potential market appeal, the Banshee project was ultimately canceled in 1965 by GM chairman James Roche, favoring the Corvette's established market position.

The Fate of the Prototypes

Following the cancellation, GM typically would have crushed the prototypes to avoid legal and competitive risks. However, two working prototypes of the XP-833 Banshee miraculously escaped this fate. Bill Collins, a dedicated engineer at Pontiac's Advanced Engineering department, and master mechanic Bill Killen clandestinely preserved the prototypes. They stored them away in Pontiac's facilities, defying corporate orders and safeguarding the Banshee's legacy.

Into Private Ownership

In 1973, Collins and Killen successfully negotiated to purchase the Banshee prototypes from GM, becoming the custodians of automotive history. Killen acquired the silver six-cylinder Banshee, while the white V8 version found its way into the collection of Joe Bortz, a prominent automotive enthusiast and collector. These acquisitions ensured the preservation of the Banshee prototypes and allowed them to be legally driven and showcased in private collections.

The Auction of the Banshee XP-833 Coupe

Fast forward to today, and one of these historic prototypes, the 1964 Pontiac Banshee Prototype XP-833 Coupe, has emerged for public auction. Located in Milford, CT, this unique coupe boasts a distinguished history and is recognized as the only 1964 Banshee coupe. With an asking price of $1 million, the auction has garnered significant attention from collectors and automotive enthusiasts worldwide.

The coupe features a striking silver exterior with a red interior, reflecting its original prototype specifications. Powered by an overhead-cam inline-six engine and a 4-speed manual transmission, this Banshee prototype is a testament to Pontiac's engineering ingenuity and design vision.

Historical Significance

Beyond its aesthetic appeal and technical specifications, the Banshee XP-833 is significant in automotive history. Its design elements influenced future GM models and underscored Pontiac's commitment to innovation during the 1960s. Despite never reaching production, the Banshee's legacy endures through its surviving prototypes, which continue to captivate audiences at automotive exhibitions and museums.

Conclusion

The story of the 1964 Pontiac Banshee Prototype XP-833 Coupe is a tale of ambition, innovation, and perseverance in the face of corporate challenges. The Banshee represents a pivotal moment in automotive design history, from its visionary design to its tumultuous journey through GM's executive offices. As it awaits a new owner at auction, the Banshee remains not just a car but a symbol of automotive creativity and the enduring pursuit of automotive excellence.

Whether it finds a home in a private collection or continues to tour the exhibition circuit, the Banshee XP-833 Coupe will forever hold a special place in the hearts of automotive enthusiasts and collectors alike.