"The smaller the car, the cheaper the price", seems to be a reasonable quote, but things change dramatically when the cars in question are classics.
And this is what happened in Madison, Georgia, where 200 of the smallest vehicles ever made were sold in a RM conducted Auction on Friday and Saturday, generating more than $9 million.
The Bruce Weiner Microcar Museum auction also featured a rare 1958 F.M.R. Tg 500 Tiger Messerschmitt that fetched a remarkable $322,00 (including 15 percent fee), establishing an all-time record for a microcar sold at auction.
What's more intriguing is that the whole 200 car lot was sold in no-reserve bidding, and four of the little bugs' final price tags went over $150,000.
"Never before had such a large group of microcars been offered to the public at one time in one location,” said Alain Squindo, vice president of RM Auctions. “It was certainly one of the most exciting auction events RM has ever hosted. From start to finish, the atmosphere was electric with the audience smiling and laughing ear-to-ear."
Ask Ciprian about cars and he'll reveal an obsession with classics and an annoyance with modern design cues. Read his articles and you'll understand why his ideal SUV is the 1969 Chevrolet K5 Blazer. Full profile
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