Record-breaking Rolls-Royce car sells for £5m
5.7.2012

A Rolls-Royce car described as "one of the finest ever built" has sold for a world record price of almost £5m in an auction that was described as "pure theatre".
The unique 100-year-old Silver Ghost manages 15 miles to the gallon and is said to still be capable of "cruising" at 60mph.

Known as "The Corgi" after the toy maker copied it for a range in the 1960s, the car was originally bought in 1912 for about £1,000.

It has now gone under the hammer for £4,705,500; the most expensive Rolls-Royce ever sold at auction.

The lengthy sale saw two enthusiasts "duelling" for the car, with the bidding going up in increments of £100,000.

Those present at the Bonhams sale at the Goodwood Festival of Speed were said to have looked on in hushed tones, breaking out in spontaneous applause when the hammer finally fell. Experts were confidant that the car would make £2m but the price paid was well above estimate.

apa