AUTO Porsche

This world’s smallest car has just been outbid for a new 2022 Porsche 911

Because of their unparalleled historical value and uniqueness, these vintage miniature Peel P50s are becoming a high-value collector’s item.

Today, we think of a compact car as something like a Mini Cooper Hardtop, but in the 1960s the world had a “tiny” production model called the Peel P50 that was assembled on the Isle of Man. Weighing just 55.8 kg, this tiny 3-wheeler is powered by a 49 cc DKW engine that produces just over 4 hp on the single rear wheel. The small carmaker makes just 47 cars at £199 each. The brand started making small cars again in 2010, but it’s the original cars that are the most appealing.

Fast-forward a few decades from their inception, the original Peel P50 miniature tricycles are now sought-after items by collectors, and those willing to shell out the cash. equal to a Porsche 911 to buy one. The proof is that recently, the Car & Classic unit in the UK revealed that they had sold an original Peel P50 to a customer for £ 111,000 after a rather tense bid between two potential customers. .

That is an amount 550 times more than the original value of the car. However, many people will probably be even more surprised to learn that £ 111,000 is still not the highest record price for a Peel P50. In 2016, RM Sotheby’s once auctioned a Peel P50 for up to 176,000 USD.

Because of their unparalleled historical value and uniqueness, these vintage miniature Peel P50s are becoming a high-value collector’s item.

Today, we think of a compact car as something like a Mini Cooper Hardtop, but in the 1960s the world had a “tiny” production model called the Peel P50 that was assembled on the Isle of Man. Weighing just 55.8 kg, this tiny 3-wheeler is powered by a 49 cc DKW engine that produces just over 4 hp on the single rear wheel. The small carmaker makes just 47 cars for £199 each. The brand started making small cars again in 2010, but the original cars are the most appealing.

Fast-forward a few decades from their inception, the original Peel P50 miniature tricycles are now sought-after items by collectors, and those willing to shell out the cash. equal to a Porsche 911 to buy one. The proof is that recently, the Car & Classic unit in the UK revealed that they had sold an original Peel P50 to a customer for £ 111,000 after a rather tense bid between two potential customers. .

That is an amount 550 times more than the original value of the car. However, many people will probably be even more surprised to learn that £ 111,000 is still not the highest record price for a Peel P50. In 2016, RM Sotheby’s once auctioned a Peel P50 for up to 176,000 USD.

What makes this particular Peel P50 so valuable is its crazy history, including a time it was used as a promotional vehicle to the top of Blackpool Tower. The classic car expert also notes that it could be one of the earliest models due to its unique specifications. The car has a lower-than-usual windshield, unique Lucas side lights, cream paint for the steering wheel, and no rear anti-roll frame.

Paying hundreds of thousands of dollars or pounds for a classic car is not a strange phenomenon, but it is an unusual decision when the car has no reverse gear and can only reach top speed of 60 km/h. It doesn’t even have any dashboard or steering assist system.

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