The 1988 Bathurst appeared to be a pre-determined race, with Dick Johnson Ford Sierra dominating the ATCC season. Off-track drama also overshadowed the event, from long-time sponsor withdrawing, to protests and counter-protests about the legality of some cars. Unsuccessful protests caused undue damage to the cars, as they had to be stripped and rebuilt, with many teams struggling to re-tune their cars.
Qualifying positions were taken from the Friday practice sessions, with the Saturday Top 10 Shoot Out becoming an invitation 12, and prize money being the only reward.
Ford Sierras set the top 7 qualifying times, with Grice and Percy in their Holden VL Commodore setting the 11th fastest time, almost 6 seconds behind pole sitter Johnson. From a rolling start, the Sierras put a great distance between themselves and the rest of the field. It seemed the Sierras would be fighting amongst themselves for race honours, but they had to contend with strews of mechanical failures. Only 18 of the 48 race starters were classified as finishing.
The Holden VL Commodore of Grace and Percy finished in 15th position completing 139 laps of 161.

Item includes certificate and production number plate, mounted to the chassis.

• The race-tuned body kit is a distinguishing feature of the Walkinshaw VL Commodore. The bonnet scoop hides cutouts that align with the engine.

• BBS wheel covers attached to the front wheels look great, behind the rims are etched metal disc brakes.

• The race car interior features additional dash instrumentation. The racing seat is soft-touch rubber and includes a 5-point racing harness.

• The road car interior has been stripped out to accommodate the roll cage. Note the armrests have been removed from the doors.

• The Holden V8 has an outstanding level of detail, still featuring dual throttle bodies but now connected to a large air box.

• The front chassis shows the engine sump, exhaust system and working suspension. The front wheels are even linked to the steering wheel.

• The rear of the chassis shows the drive-shaft, axle, sprung rear suspension, anti-roll bars and Panhard rod.

• The detailed chassis features the limited edition etched metal production number.