1958 Maico 500
Offered by RM Auctions | Madison, Georgia | February 15-16, 2013
Champion was an automobile manufacturer in Germany that made tiny little cars that looked exactly like this from 1952 to 1955. When they went out of business, a small company called Maico bought their assets for pennies on the dollar, er… pennies on the Deutsche Mark. The Maico 500 went on sale in 1955. It used a 452cc two-cylinder making just under 18 horsepower (17.75 to be exact). Maico built a few thousand cars between 1955 and 1958 (both the 500 and 400 model series). They lost money on every one and only quit making them to avoid bankruptcy. Solid business plan. This one will cost you between $30,000-$40,000 when it crosses the block. Check out more on it here.
Update: Sold $29,900.