The oldest surviving car sold by Ford Motor Company will be heading to RM Auctions in Hershey, Pennsylvania on October 11th, 2012.
The 1903 Ford Model A Rear Entry Tonneau has been heavily documented as the oldest Ford left in existence, and has had only five owners since it rolled off the Ford Mack Avenue plant line back in 1903. It is chassis number-30, and is currently owned by John M. O’Quinn. RM Auctions is estimating that it’ll fetch anywhere from $350,000 to $500,000.
The vehicle was originally sold to Herbert L. McNary of Iowa on July 13th, 1903 for $880. It would stay in the family for an impressive 50 years before it began its journey through swapping owners. O’Quinn purchased the antique Ford back in 2007 after the engine had received a professional rebuild for $630,000. It’s surprising to hear that RM Auctions is estimating the sale to be less than what O’Quinn purchased it for.
Powering the 1903 Ford Model A is a two-cylinder engine with just 8-hp. This isn’t the first time it has hit the auction block though since O’Quinn has owned it. Back in 2010, RM tried to auction the car off but it only received a high bid of $325,000 which was well short of the auction reserve and the $600,000 to $800,000 pre-auction price.
[Source: RM Auctions]