Published December 12, 2012
FoxNews.com
Turns out that Bill Ford, Jr. is something of a
man of mystery.
The Executive Chairman of the Ford Motor Company has been
revealed as the high bidder for the oldest-known surviving Ford automobile,
which was sold at an RM
Auction Hershey, Penn. , in October for
$264,000. The identity of the buyer had previously been kept under wraps.
The 1903 Ford Model A
Rear Entry Tonneau is
believed to be the third car produced under the auspices of the newly-formed
company and was sold on July 19th of that year to Iowa butter maker Herbert L.
McNary. McNary handed over $1,350 for all three of the cars that day, which
represented the full price of $850 for one plus down payments others. It was a
welcome injection of funds for the fledgling automaker, which only had $250
cash on hand at the time and was in dire straits.
Looks like Bill Ford got a pretty good deal on it, too. The
fully-restored four-seater was last sold in 2007 for $693,000. He picked it up
to help celebrate the 150th anniversary of his great-grandfather and company
founder Henry Ford’s birthday, which is coming up on July 30th, 2013 .
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