The first Range Rover to roll off the production line -- Range Rover 001 -- sold at auction for $213,000. The fully-restored 4x4 fitted with chassis no. 001 was sold in London by Silverstone Auctions and Salon Prive to a private buyer.
Range Rover 001 was part of the first batch of six Land Rovers given secretive number lates to hide them from prying eyes while a new model was being road-tested. When the vehicle was sold to film producer Michael Forlong in 1971, it was resprayed from its original Olive Green to Bahama Gold, fitted with a texture dash and re-sold. Its number plate was then changed, and was changed again after being sold to a Kent farmer.
The rediscovery of Range Rover 001 was then followed by a six-year restoration process during which the vehicle was repainted in ots original color. The owner who bought the vehicle persuaded the Driver and Vehicle Licensing Agency to reissue its original license plate due to its historical significance.
Pioneering Car Auctions
The Range Rover 001 Sold For $213,000.
Trend Themes
1. Classic Car Auctions - The successful sale of a fully restored classic Range Rover 001 at auction demonstrates a growing market for highly sought-after vintage cars.
2. Restoration Services - The six-year restoration process for Range Rover 001 highlights the need for skilled professionals and specialty services dedicated to the upkeep and restoration of classic cars.
3. Heritage Branding - The historical significance of Range Rover 001 exemplifies the potential for automobile brands to leverage their heritage and unique history to attract collectors and enthusiasts.
Industry Implications
1. Automobile Manufacturing - Automakers can tap into a growing market of classic car enthusiasts by highlighting their brand's heritage, and offering restoration and maintenance services for vintage models.
2. Specialty Automotive Services - Specialized restoration and maintenance services can capitalize on the growing demand for preserving and upgrading classic cars and contribute to a thriving industry.
3. Online Auctions - Online auction platforms can facilitate the global buying and selling of highly sought-after classic cars, perfect for collectors and enthusiasts looking for rare and unique models.