Oldest running Rolls-Royce sells for record $7.2m

Still running strong after 103 years, the oldest known running Rolls-Royce in the world has just been sold at auction for a record price of ₤3,521,500, ($7,275,000, €4,961,000). The car sold at Bonhams’ collectible cars and automobilia in London and broke two new records: the highest price paid at auction for both a Rolls-Royce and a veteran car, classified as pre-1905.

The 1904 model 10hp two-seater was originally shown at The Paris Salon in late 2004, reports AFP. Since its restoration in the 1950s, the car has been lovingly maintained. According to Tim Schofield, Bonhams’ head of UK motor sales, “the purchaser could get in and drive it away.” A jiggle of the carburetor, a turn of the starter handle, and you’re off - quite a feat for such an old machine.

Only three owners have shared the machine over the last century, and it was the last - racing star Oliver Langton - that restored it and took such excellent care of it. The original red leather and brass interior now shine like the day the two-seat open-top car was built.