World Record Achieved at Syndey Motor Car Auction

A 1934 Riley Imp two-seater sports car has sold in Sydney for a world record auction price of $169,500 IBP.

Riley ImpMade in limited numbers, the Riley Imp is a rarity today and commensurately much sought after. This particular example raced in the 10th Australian Grand Prix in 1938, the first year the race was held at Bathurst.

The car sold to a Melbourne based collector and was part of an impressive collection of Collectors’ Motor Cars, Motorcycles, Motor Boats, Number Plates and Automobilia auctioned at Bonhams & Goodman on Sunday.

The 1923 Bugatti Brescia type 23 also sold very well receiving $278,650 IBP after fierce bidding on the phones and in the auction room. And two very rare motorcycles sold exceedingly well, the 1910 FN 5hp Four, which was once owned by George Roberts of Qantas, selling for $35,030 and the Corish Vincent selling for $79,100 IBP.

The auction made a total of $1,847,477 IBP, clearing 70% by volume.

The Collectors’ Motor Car Department will continue to hold auctions in 2010, with more to be revealed early in the new year.

Image: 1934 Riley Imp 1 1/2 litre two-seater sports car
Sold for $169,500 IBP