World's Oldest Car Goes For Record Price At Auction (2024)

Few would have guessed that the world's oldest car would have sold for $2 million more than expected.

The 1884 De Dion Bouton et Trepardoux Dos-a-Dos Steam Runabout fetched a record-breaking $4,620,000 at auction in Hershey, Pennsylvania late Friday evening, according to CNN Money. The steam-powered vehicle still runs, and, despite not being powered by gasoline, is believed to be the world's oldest usable and running automobile.

The vehicle managed to fetch about twice its estimated value, though many, including Jonathan Welsh of the Wall Street journal, felt it would have a hard time even reaching the $2 million range. Ultimately the auction did not disappoint.

“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 in a press release Rob Myers, Chairman & Founder, RM Auctions.

At its peak, the car reached 37 miles per hour, and was among the fastest vehicles in existence during its racing career. Just five people have claimed ownership of the De Dion during its long documented history, according to the press release.

Be sure to check out photos of the historic vehicle below, courtesy RM Auctions:

World's Oldest Car Goes For Record Price At Auction (1)

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World's Oldest Car Goes For Record Price At Auction (2024)

FAQs

World's Oldest Car Goes For Record Price At Auction? ›

Few would have guessed that the world's oldest car would have sold for $2 million more than expected. The 1884 De Dion Bouton et Trepardoux Dos-a-Dos Steam Runabout fetched a record-breaking $4,620,000 at auction in Hershey, Pennsylvania late Friday evening, according to CNN Money.

How much is the oldest car in the world worth? ›

A vehicle billed as the "World's Oldest Car" has sold at auction for the surprising price of $4.6 million, breaking the previous record of a price paid for an early-era automobile. The vehicle is the oldest car in the world that still works, and is powered entirely by steam.

What is the record car sale at auction? ›

On 5 May 2022, in Stuttgart, Germany, the Mercedes-Benz 300 SLR Uhlenhaut Coupe was sold for $142,769,250 (£115.1 million; €135.1 million), becoming the most expensive car ever sold. But what makes this car so special?

What is the most valuable car of all time? ›

A 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé is the most expensive car ever sold, having gone under the hammer for a staggering $135m in 2022 - the equivalent of £114.4m. Previously owned by Mercedes-Benz, the car was sold by RM Sotheby's at the Mercedes-Benz Museum to an anonymous buyer.

What is the oldest car sold at auction? ›

Few would have guessed that the world's oldest car would have sold for $2 million more than expected. The 1884 De Dion Bouton et Trepardoux Dos-a-Dos Steam Runabout fetched a record-breaking $4,620,000 at auction in Hershey, Pennsylvania late Friday evening, according to CNN Money.

Who bought the 142 million dollar Mercedes? ›

It sold to classic-car dealer Simon Kidston, who placed the winning bid on behalf of an anonymous buyer.

What is the highest auction price in history? ›

Leonardo Da Vinci's Salvator Mundi

The sale of Leonardo Da Vinci's “Salvator Mundi” at Christie's New York in November 2017 was a historic event, fetching a staggering $450,312,500.

Who owns the most expensive car in the world? ›

It's worth a whopping Rs 232 Crore and only 3 people in the world own it. Amongst the three owners of the most expensive car in the world is music power couple Jay-Z and Beyoncé…

How much money is the first car in the world? ›

The Benz Patent-Motorwagen built in 1886, is widely regarded as the world's first automobile; that is, a vehicle designed to be propelled by an internal combustion engine. The original cost of the vehicle in 1885 was $1,000.

What was the first car to sell $1 million? ›

1927 Ford Model-T. The first car to achieve one million, five million, ten million and fifteen million units sold. By 1914, it was estimated that nine out of every ten cars in the world were Fords.

What is the oldest car still in existence? ›

The oldest running car in the world is La Marquise, an 1884 model made in France. It has a steam engine and three wheels. The car was entered in an 1887 exhibition race from Paris to Versailles. It was the only competitor to show up.

How much would the first car be worth today? ›

How Much Did the First Car Cost? The Benz Patent-Motorwagen, built in 1886, is considered to have been the world's first automobile (a vehicle designed to be driven by an internal combustion engine). The original cost was $1,000, which is the equivalent of a staggering $29,909.36 in today's dollars!

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