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Oldest surviving Rolls-Royce sells for more than $7 million

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The vehicle pegged as the world's oldest surviving Rolls-Royce, a 1904 10hp Two-Seater, was recently sold by Bonhams auction house for 3,521,500 pounds (or $7,117,856 at the current conversion rate), resulting in the breaking of two auction world records: highest price paid at for a Rolls-Royce and highest price paid for a pre-1905 automobile.

First displayed at the Paris Auto Salon in Autumn 1904, the Rolls-Royce was then displayed the following February at London's Olympia show -- the same location where it sold at auction 102 years later. Having passed through the hands of a number of owners through the years, the car was treated to a four-year-long restoration in the mid-1950s and more recently, has stayed with the same owner since 1978. It is currently said to be in fine running order, with routine maintenance being performed to keep it on the road.



The Rolls-Royce was sold to a UK-based collector via telephone, after outbidding four other potential buyers. The new owner plans to keep the car in the UK where it may compete in vintage car events.

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