An immaculately restored 1912 Oldsmobile Limited was hammered sold for $3.3 million last weekend making it the most expensive example of the now-defunct brand ever sold at auction. Before last Saturday the title for most expensive Olds belonged to the F-88 concept car that sold at Barrett-Jackson Scottsdale in 2005 for $3.24 million.
As you might expect the 100 year old automobile you see here is far from your father's Oldsmobile. As Hemmings.com explains, the Oldsmobile Limited was an extremely high end luxury cars that featured a huge 140 inch wheelbase and a 60 horsepower 707ci six cylinder engine. Considering the Limited cost up to $6300 at time when the most expensive Model T maxed out around $900 it's no surprise only 140 were built in 1912.
This particular car is a previous class winner at Pebble Beach Concours d'Elegance and is the only 1912 Oldsmobile Limited known to have survived the past century. The car was sold at RM Auction's offering of "The Milhous Collection" last weekend in Boca Raton, FL. What's almost as amazing as this Oldsmobile's $3.3 million price tag is the cars appreciation in value over the past six years—it was purchased at auction in 2006 for $1.265 million.