The historically-significant 1884 De Dion Bouton et Trepardoux Dos-a-Dos Steam Runabout which we wrote up a few weeks back has sold at auction for US$4.62 million. Apart from being the winner of the first automobile race in history, it's also the world's oldest running motor car, and now also the most valuable early motor car yet sold at auction.
RM Auctions began the bidding at US$500,000 with the vehicle attracting a steady stream of bidders as the price immediately jumped to US$1,000,000 and moved swiftly past the expected price of US$2.5 million, with the gavel eventually falling at US$4,200,000 (includes 10% buyers' premium).
The new owner joins an elite list of just five collectors to have owned the 127 year-old vehicle.
About the Author
Mike grew up thinking he would become a mathematician, accidentally started motorcycle racing, got a job writing road tests for a motorcycle magazine while at university, and became a writer. As a travelling photojournalist during his early career, his work was published in a dozen languages across 20+ countries. He went on to edit or manage over 50 print publications, with target audiences ranging from pensioners to plumbers, many different sports, many car and motorcycle magazines, with many more in the fields of communication - narrow subject magazines on topics such as advertising, marketing, visual communications, design, presentation and direct marketing. Then came the internet and Mike managed internet projects for Australia's largest multimedia company, Telstra.com.au (Australia's largest Telco), Seek.com.au (Australia's largest employment site), top100.com.au, hitwise.com, and a dozen other internet start-ups before founding Gizmag in 2002. Now he writes and thinks.
All articles by Mike Hanlon