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Monday, October 10, 2011

World’s oldest car sells for an amazing $4.6 million


The world's oldest running motorized vehicle, a 1884 De Dion Bouton Et Trepardoux, exceeded all expectations when it sold for $4.6 million on Friday. The vehicle was auctioned at RM Auctions Hershey sale on Friday.

The steam powered De Dion nearly doubled its presale estimate was $2-$2.5 million. The bidding started at $500,000 and moved swiftly to $4.2 million where the car was hammered sold ($4.62 million with buyer's premium).

The buyer of the De Dion is only the fifth person to have owned the car in 127 years.

[RM Auctions via Autoblog]