The world's oldest known surviving Ford will be hitting the auction block for the third time in five years.
The red 1903 Model A Rear Entry Tonneau is one of the first three cars that Ford ever produced, according to Motor Authority. It was originally purchased for $850 by the McNeary family in 1903, and the McNearys then owned the car for about 50 years. The car has only seen five total owners during its nearly 110-year existence, with the sixth to be decided next month.
On October 11th and 12th, the car will be sold to the highest bidder at the RM Auction in Hershey, Pennsylvania. The pre-auction estimate for the bidding is set at between $300,000 and $500,000 - a dramatic price drop from the $693,000 it pulled in the last time it was sold at a 2007 auction.
The Model A has been the recipient of meticulous car repair and vehicle maintenance. AutoBlog dives into the details of the automobile, which includes four upholstered seats on a 72-inch wheelbase and a 100 cubic inch, two-cylinder engine that has a grand total of eight horsepower.
While the specs may not be up to the power that car buyers have become accustomed to, this one-of-a-kind machine is still set to become the crown jewel in an auto collection.