100-Year-Old Peugeot Could Sell For £4Million
A groundbreaking vintage racing car from 1913 could fetch as much as £4,000,000 at auction, and it's a Peugeot!
This highly collectable 100-year-old Peugeot dates back to way before Peugeot was known for making family cars and hatchbacks.
With a top speed of over 100mph from a 4.5litre 112bhp engine, it's quicker than a modern day 108! It may be quicker, but it's also around 250 times more expensive than a modern day Peugeot.
Should it sell for the estimate, the sale will make this Peugeot three times more expensive than any Peugeot sold at auction before.
The 1913 L45 was launched at a time when Peugeot were dominating motorsport, building rapid motors to take on Grand Prix races over in the states when world war one broke out. It finished third in the 1916 Indy 500 and is the only example out of 4 to survive through the years.
The only surviving L45 was bought in 1949 by American farmer and car enthusiast Lindley Bothwell and has been in the family's collection ever since.
The Bothwell family will take the Peugeot to a Bonhams auction in LA next month, where the motorsport icon is set to sell for around £4 million.
A statement from Bonhams said: "The 1913 Peugeot 4.5-Litre L45 is not only regarded by many as the father of all racing engines, but this specific car ran in the 1916 Indianapolis 500.
"Decades later when Bothwell took the Peugeot back to Indianapolis to compete in the Veteran Class, he beat Dario Resta's 85mph lap record at over 103mph - a record that had stood for 30 years.
"Tremendously historic and full of provenance, the significance of this race car cannot be overstated, particularly when one considers that it was this engine that inspired Miller, Offenhauser and a host of others.
"It is one of the most original and pure racing cars of this era we have ever had the pleasure of offering."
Rupert Banner, vice president, group motoring director at Bonhams, added: "Lindley Bothwell never parted with the car, and it has remained in his family ever since.
"Its remarkably uncomplicated life particularly for a race car, has meant that it is not only one of the most important cars of all time, but that its originality and authenticity is incredibly well preserved."