£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
Track live values and receive listing alerts


£38,871
1904 Locomobile Steam Car Long Wheelbase Runabout
US • 6 May 2006
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)
World Record
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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
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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.







