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£38,871

1904 Locomobile Steam Car Long Wheelbase Runabout

Bonhams • US • 6 May 2006

Market Position:

Rare Sale

Track live values and receive listing alerts

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£38,871

1904 Locomobile Steam Car Long Wheelbase Runabout

US • 6 May 2006

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Vehicle Details

AI Listing Summary

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Condition 

7

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/ 10

LHD

United States

1904

Auction

£38,871

1904 Locomobile Steam Car Long Wheelbase Runabout

Bonhams • US • 6 May 2006

Market Position:

Rare Sale

Track live values and receive listing alerts

Description

No-one was more surprised than twin brothers Francis E. and Freeland O.

Stanley when John Brisbane Walker, owner and editor of ‘Cosmopolitan’ magazine arrived at their works in 1899 announcing that he had come to buy a half interest in their automobile business.

F.

O.

Stanley is famously quoted as saying: “We told him we didn’t know as we had an automobile business, and we certainly did not want a partner; that we had difficulty enough in getting along with each other, and we did not want to increase our trouble by taking in a third party.” J.

B.

Walker’s offer was rebuffed and just two months later, in April 1899, Walker appeared again offering to buy Stanley brothers’ entire business.

The Stanley brothers, reluctant sellers, fixed a ludicrous price of $250,000 which they felt Walker could not possibly match but, to their surprise, Walker clinched the deal leaving the Stanleys with a substantial capital profit.

The deal included the factory, all its tooling and equipment, work...

Price Analysis vs Other Steams

£27,491

Lowest Price (All Time)

£35,238

Median Price (All Time)

£41,269

Highest Price (All Time)

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World Record

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Lowest Price

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Average Price

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Rare Sale

This vehicle comes to market rarely. In auction records we've only seen 7 sold before

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Previous Steam Sales

MOT Information

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Latest MOT mileage:

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MOT History

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MOT Mileage Trend

Gallery

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Auction House Headquarters

Bonhams

101 New Bond Street, London, Greater London, W1S 1SR, England

Operating from London, Bonhams is a physical auction house handling classic, historic competition, and collector cars. They conduct live auctions globally, offering vehicle consignment, appraisal, and valuation services.

Insurance

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