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Used car for sale - €888,000

By Sunday, 12 October 2014 12:18 0

A 1903 Panhard et Levassor Model KB Four-Cylinder Side-Entrance Phaeton - first owned by Spanish aristocrat the Marques of Ivanrey - will star in Bonhams annual London to Brighton sale.

Ricardo Soriano, the Marques of Ivanrey, received the Panhard new in January 1903, heralding it the 18th car ever to be registered in Madrid, Spain.

Soriano was a well known entrepreneur of great wealth and influence. Famed for his eclectic pursuits, the multifaceted aristocrat was an early promoter of tourism to the Costa del Sol, paying particular interest to the Spanish seaside city of Marbella where still to this day one of the city’s main streets is named after him.

The historic Panhard remains mostly in original condition, only in 1975 seeing minor restorative efforts to upholstery and paintwork. Having remained in the ownership of Soriano for 71 years, the Panhard has since changed hands just twice, only leaving its native Spain in 2006 for the Netherlands where its current owner  lives. Competing in the London to Brighton Run as recently as last year, the Panhard carries an estimate of  up to £700,000. (€888,000)

James Knight, Bonhams Group Motoring Director, said: “At 111 years old, the Panhard is in astoundingly good condition for such a well travelled roadster. A wonderful addition to this year’s sale, it is among some 20 veteran cars, making 2014 our biggest London to Brighton sale to date.”

Held on  October 31 at Bonhams flagship showroom on 101 New Bond Street, the annual London to Brighton Run Sale will offer more than 60 lots of both veteran motor cars and automobilia. 

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