Tuesday, October 11, 2011

1884 steam vehicle sold at Pa. auction for $4.62M

1884 steam vehicle sold at Pa. auction for $4.62M

HERSHEY, Pa. (AP)

 An 1884 French-built steam runabout, billed as the world's oldest running family car, has sold in Hershey for $4.62 million — about double the amount auctioneers expected.

The auctioneer said there are older running vehicles, and some older cars that possibly could be made to run again, but "La Marquise," as it's known, is one of the world's most important collectible cars.

It seats four, has a top speed of 38 mph and requires about 45 minutes to get pressure in the boilers sufficient to operate. A brass plate documents mandatory boiler inspections in 1889, 1894 and 1899.

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