1884 De Dion Runabout Sells for $4.62 Million at RM Auction
By Jake Lingeman
Two weeks ago we told you about one of the world's oldest running motor cars going up for auction in Hershey, Pa. That car, the 1884 De Dion Bouton Et Trepardoux Dos-A-Dos Steam Runabout, sold on Oct. 7 for more than double its estimated price--a cool $4.62 million. That includes a 10 percent buyer's premium.
The 127-year-old vehicle drew a standing ovation from the crowd, according to RM Auctions, which presided over the sale. Bidding started at $500,000 before immediately jumping to $1 million, which brought another round of applause.
The final price represents a new world record for an early motor car sold at auction, according to RM.
The winner will be the fifth owner of the historic machine. It was offered from the estate of John O'Quinn, a collector who bought the car from British Veteran Car Club member Tim Moore.
Moore toured the car in the 1990s after restoring it to full working condition. The De Dion also won the Pebble Beach Concours d'Elegance in 1997.
"We were honored to have been entrusted with the sale of this most important motor car from the renowned collection of the late 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 and founder of RM Auctions.
Check out the full story of the 1884 De Dion Bouton Et Trepardoux Dos-a-Dos Steam Runabout from last month here.
Content provided by AutoWeek.
Top Gear should do a road test. 0-60 nine months. It looks like it might be French, I notice a flag mount on the front left to accomodate a white T-shirt and a stick. Seriously, I am alway happy when a piece of history remains intact.
I love how some have to throw in the whole like of "So many in our country are struggling to make ends meet" Please, everyone knows what is happening in the economy and we dont need any reminders. Jealousy is a horrible quality to have. If someone has money they have earned they can spend it however they wish, and should be able to do so without all the haters blasting them. Truth is, anyone that does so would do the same if they had great wealth, and they are fooling no one by saying otherwise.
No matter how much money a person has they don't drop over 4 and a half mil on anything without a certain level of respect for the piece. this automobile will be well appreciated.
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