1903 Model A, oldest surviving Ford, sold at auction for $630,000





A 1903 Model A, considered to be the oldest surviving Ford, sold for $630,000 on Friday at a collector car auction in Phoenix.

Following a flurry of bidding at a Phoenix resort, well-known Houston lawyer John O'Quinn took home the brick-red, black-upholstered car that was one of the first three sold by newly incorporated Ford Motor Co.

Pre-auction estimates had pegged the sale price at between $400,000 and $800,000.

"History, history, history," O'Quinn told Reuters, when asked why he bought the vehicle. "There are a lot of great cars in the world, but Ford is the basic car of America."


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