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Bill Ford buys the oldest
surviving Ford for $264,000

Fox News, by Staff

Original Article

Posted By:JoniTx, 12/12/2012 11:00:46 PM

Turns out that Bill Ford, Jr. is something of a man of mystery. The Executive Chairman of the Ford Motor Company has been revealed as the high bidder for the oldest-known surviving Ford automobile, which was sold at an RM Auction Hershey, Penn., in October for $264,000. The identity of the buyer had previously been kept under wraps. The 1903 Ford Model A Rear Entry Tonneau is believed to be the third car produced under the auspices of the newly-formed company and was sold on July 19th of that year to Iowa butter maker Herbert L. McNary.


Post Reply  

Reply 1 - Posted by: RUReadyY3K, 12/12/2012 11:11:00 PM     (No. 9062629)

Good for him. Looks like he got a great deal.

Reply 2 - Posted by: Charactercounts, 12/12/2012 11:14:36 PM     (No. 9062636)

I thought Henry Ford said you could order any color, as long as it´s black. Was the car originally red, or is that from the restoration?




Reply 3 - Posted by: NorthernDog, 12/12/2012 11:21:52 PM     (No. 9062641)

That´s awesome looking. I´m surprised it sold for a lot less than expected.

Reply 4 - Posted by: Safari Man, 12/12/2012 11:22:29 PM     (No. 9062642)

Interesting that Ford was born during our First Civil War. Now the Second Civil War is being waged by the people who work Ford´s assembly lines.

Reply 5 - Posted by: unagator, 12/12/2012 11:24:14 PM     (No. 9062644)

Finally...a rear entry story that´s not about gay marriage.

Reply 6 - Posted by: Donna M, 12/12/2012 11:30:11 PM     (No. 9062653)

The car came from the estate of collector John M. O´Quinn, a TX class action attorney who died in a 2009 car accident. I´ve been around the old car hobby for 30 years, and the 2007 price of $693,000 was way up there, reflecting pre-recession, a greater interest in brass era at the time and a ´market maker´ collector who really wanted to be Owner #5. He had a lot of really high value cars in an extensive collection such as Duesenbergs, Shelby Cobras, Talbot-Lagos etc. The estate has been gradually selling the cars through RM Auctions since 2010.

This car (Ford Chassis #30) ran through RM in 2010 and no sale. What Bill Ford bought it for was more like it for today´s market in brass era cars. I´m sure that the fact it was going back to Ford was a consideration in the estate´s pricing, and also to wrap up the liquidation of this fine collection.

Reply 7 - Posted by: Country Boy, 12/13/2012 12:03:30 AM     (No. 9062680)

#4, yes, going full circle.

Henry Ford tried to flee the unions and attempted to move his operations to Alabama. FDR´s TVA administration would not give him an electric contract. 80 years later we now have Right to Work law in MI. Henry Ford was right. Government was wrong.




Reply 8 - Posted by: Keekng, 12/13/2012 5:31:04 AM     (No. 9062809)

1903 was pre-assembly line. The, "Any color as long as it´s black," came about due to the assembly line.....(I think).

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