This 1914 Peugeot L45 Grand Prix Racer is one of only two still-existing L45s—automobiles that ushered in the use of a dual overhead camshaft engine, a feature that can be found under the hood of almost every modern-day race car.
Of equal significance, the car is equipped with its original 4.5-liter chassis (No. 1) and its original engine (also No. 1). In the last 100 years, the car also never fell into disrepair. Following an engine rebuild in 2000, this Grand Prix racer participated in two hill climbs at the Goodwood Festival of Speed (in 2003 and 2011), where it performed admirably. For these reasons—and many others—the car sold for $7.26 million when it crossed the block at a Bonhams’ Los Angeles auction in November.
Says Bonhams chairman Malcolm Barber, “It is rare, original, competitive, and still capable of 100 mph, despite being more than a century old.”