Wolseley Hornet Swallow Special 1932 is available at Tullochs in Launceston

Launceston auction house Tulloch's currently holds a Wolseley Hornet Swallow Special 1932, which auctioneer Samuel Diprose-Adams said could be the only one remaining in the world, with only 32 ever manufactured.

"They were marketed as a gentleman's weekend sort of car at the time it was made," he said.

"They're a very unique car - in terms of their build, the quality of the craftmanship and also the engineering - there's a lot of really interesting quirks and features with this car."

"It's a car that we're very lucky to have in Tasmania.

"Tasmania is well known for its classic car market, and this sort of car demonstrates that."

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Mr Diprose-Adams said he believed the car would have cost approximately a year's wage to purchase back in 1932.

"It was a lot of money, they were very expensive cars - having this sort of a car was a sign of opulence," he said.

Considering the rarity of the car and its history, Mr Diprose-Adams believes the car could sell for between $80,000 - $100,000.

"The vendor is very keen to see what they can get for it," he said.

The car is viewable at Tulloch's on George Street, and will be up for auction on Wednesday 24 February from 7.30pm.