World's Oldest Running Car Sells for $4.62 M in a 3 minute bidding war.
This is the oldest motor vehicle car in the world that still runs. It was built one year before Karl Benz and Gottlieb Daimler invented the internal combustion engine.The world's oldest running motor vehicle has been sold at auction for an astonishing $4.62 million, more than double the pre-sale estimate, as two bidders chased the price up in a three-minute bidding war.The 1884 De Dion Bouton et Trepardoux Dos-a-Dos Steam Runabout drew a standing ovation as it was 'driven up onto the stage' at Friday's RM Auction in Hershey, Pennsylvania - to prove that this 127-year-old car really does run! - and attracted a starting bid of $500 000, which was immediately doubled to $1 million. Encouraged by the applauding crowd, the bidding went swiftly up to $4.2 million - 4.62 million including the 10 percent commission - before the car was knocked down to an 'unnamed buyer'.The Dos-a-Dos (Back-to-Back) Steam Runabout was built in 1884 by George Bouton and Charles-Armand Trepardoux for French entrepreneur Count de Dion, who named it 'La Marquise' after his mother.In 1887, with De Dion at the tiller, it won the world's first ever motor race (it was the only entrant to make the start line!) covering the 32 km from the Pont de Neuilly in Paris to Versailles and back in one hour and 14 minutes (an average of 25.9 km/h) and, according to contemporary reports, hitting a breathtaking 60 km/h on the straights.La Marquise has only had four owners, remaining in one family for 81 years, and has been restored twice, once by the Doriol family and again by British collector Tom Moore in the early 1990's. Since then, it has taken part in four London-to-Brighton runs and collected a double gold at the 1997 Pebble Beach 'd'Elegance in California'.
Count de Dion winning the first ever motor race.
http://www.stratfor.com/analysis/geopolitics-gregorian-calendar
The Geopolitics of the Gregorian Calendar is republished with permission of Stratfor."
The Geopolitics of the Gregorian Calendar is republished with permission of Stratfor."
Read more: Emails Reveal Deceased Hedge Fund Manager Refused To Join Bill Gates' "Worthless" Giving Pledge
Bill Gates tried to get hedge fund founder Robert W. Wilson, who committed suicide over the weekend, to join his giving pledge. Wilson, who gave away hundreds of millions of dollars of his personal fortune on his own, politely told Gates he wanted to "stay far away" from his effort.
Bill Gates tried to get hedge fund founder Robert W. Wilson, who committed suicide over the weekend, to join his giving pledge. Wilson, who gave away hundreds of millions of dollars of his personal fortune on his own, politely told Gates he wanted to "stay far away" from his effort.
Thesis: World poverty will not be solved by just allowing more immigration into the U.S. (or other first world countries). It must be done by cultivating entrepreneurship and free trade by people where they are:
And this approach is working:
Britain's costliest mistake? Lord Stern defends his climate maths
http://www.theregister.co.uk/2013/12/30/britains_costliest_mistake_stern_defends_climate_maths/
http://www.theregister.co.uk/2013/12/30/britains_costliest_mistake_stern_defends_climate_maths/
"Why should we sacrifice 10 per cent of our income today to make Bill Gates better off?”The sense of urgency about climate change might be more credible when government officials and celebrities start reducing their carbon footprint.