RM Auctions: World’s Oldest Running Motor Car Brings a Remarkable $4,620,000 at RM’s Hershey Sale
Historic 1884 De Dion Bouton et Trepardoux Dos-a-Dos Steam Runabout more than doubles its estimate at RM’s Hershey auction, selling for a record $4,620,000.
HERSHEY, Pennsylvania – The world’s oldest running motor car, a historic 1884 De Dion Bouton et Trepardoux Dos-a-Dos Steam Runabout, entered the history books tonight, selling for an impressive $4.62 million before a packed house at RM Auctions’ Hershey, Pennsylvania sale. The impressive sale price more than doubled its original pre-sale estimate and represents a new world record for an early motor car sold at auction.
Commissioned by French entrepreneur, Count de Dion and named ‘La Marquise’ after his mother, the 127 year old vehicle drew a standing ovation from the audience as it drove onto RM’s Hershey auction stage. Attracting a starting bid of $500,000 and immediately jumping to $1,000,000, bidding moved swiftly to applause from the crowd, with the gavel eventually falling at an extraordinary $4,200,000. The final sales price of $4,620,000 includes 10% buyers’ premium.
“We were honored to have been entrusted with the sale of this most important motor car from the renowned collection of the late Mr. John O’Quinn. The world’s leading automotive collectors recognized the incredibly rare opportunity the sale represented, as was reflected in the spirited bidding and impressive result,” said Rob Myers, Chairman & Founder, RM Auctions following the sale.
The new owner joins an elite list of just five collectors to have claimed ownership of La Marquise over its well-documented history. In addition to being the world’s oldest running motor car, La Marquise’s impressive provenance includes participation in the first automobile race in 1887, where it reached a top speed of 37 mph on the straights, along with a double award at the famed 1997 Pebble Beach Concours d’Elegance. In addition, La Marquise has also successfully completed four London to Brighton runs in the UK.
Full results and additional highlights from RM Auctions’ Hershey sale will be posted shortly.
About RM Auctions
RM Auctions is the world’s largest auction house for investment-quality automobiles. With over three decades of experience in the collector car industry, RM’s vertically integrated range of services, from restoration to private treaty sales, auctions, estate planning and financial services, coupled with an expert team of car specialists and international footprint, provide an unsurpassed level of service to the global collector car market. RM proudly holds five of the top ten all-time records for the most expensive motor cars sold at auction. RM’s restoration division has achieved unprecedented accolades earning “Best of Show” honors at the world’s top concours events, including an unmatched four wins at the prestigious Pebble Beach Concours d’Elegance in the past 10 years. For further information, visit www.rmauctions.com, find us on Facebook or follow us on Twitter @rmauctions.
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Source: RM Auctions