Rare Peu­geot snapped up by keen courtiers

Classic Cars (UK) - - Month In Cars -

A de­sir­able Peu­geot 404 con­vert­ible emerged from 33 years of dry stor­age to sell for three times its es­ti­mate in a re­cent sale at French auc­tion house Aguttes’ Lyon head­quar­ters. The car is a sec­ond­series ex­am­ple sold new in 1967 and fea­tures a mix of spec­i­fi­ca­tions – Kugelfis­cher fuel in­jec­tion, turquoise blue paint with black leather and the sleeker looks of the MKII ver­sion of Pin­in­fa­rina’s shape. And as if to show that French col­lec­tors can get as ex­cited over barn finds as any Bri­tish en­thu­si­ast, the car was es­ti­mated at €10k-€15k but sold for €38,250 (£33,600), which is about what you’d pay for a good re­stored ex­am­ple.

The 404 con­vert­ible cost al­most twice as much as a 404 saloon but still sold more than 10,000 units. With only one pre­vi­ous owner be­fore the ven­dor’s fam­ily and in ap­par­ently well-pre­served con­di­tion be­neath the grime, this ex­am­ple of­fered a barn find’s usual chal­lenge to bid­ders – to find an­other like it.

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