Graeme Alfred Bailey (born 11 July 1943 in Ourimbah, New South Wales[1]), is an Australian retired racing driver, best known as co-winner of the 1986 Bathurst 1000.

With the advent of Group A in Australia for the 1985 season, Bailey considered competing in the open class and together with regular partner Peter McLeod, the pair entered a Holden Commodore (VK) in the James Hardie 1000.

In 1986 he sold the Celica and acquired a Holden VK Commodore SS Group A from the Roadways Racing team for the 1986 season.

Bailey only drove the 30 lap lunch time stint during the race, but with Grice in career best form he admitted that was their best chance of victory, though a measure of his progress as a driver was shown when he was able to hold a 5-10 second gap to the HDT Commodore of four time Bathurst winner Allan Moffat (though Moffat was hampered by a very sore wrist after having crashed the car in qualifying).

[2] Bailey's career wound down at that point, choosing to concentrate on the successful family business, Chickadee Foods which was sold to Inghams in 2004.