The world's oldest Vespa costs more than 7 billion VND

Fans of the Italian motorcycle brand will be delighted to know that the world's oldest Vespa is now up for auction at online auction site Catawiki.

The oldest Vespa motorbike in existence will be auctioned with an estimated price of 270,000 - 324,000 USD (equivalent to 6.1 to 7.3 billion VND).

The world's oldest Vespa was produced in 1946 in a limited production run of 60, entirely hand-built. This vehicle has the code number 0, is equipped with a 98 cc engine, has chassis number 1003 and is the third vehicle assembled by Piaggio. Today, chassis 1001 and 1002 no longer exist.

The world's oldest Vespa scooter

“Over the years, Vespa has become the number one Italian icon,” said Davide Marelli, Vespa expert at Catawiki auction house. “Vespa hopes that this Vespa will end up in the hands of a collector or a museum to display for future generations.”

“Like many other vehicles, Vespa scooters have become increasingly valuable over time. Due to their huge fan base, older Vespa scooters tend to increase their actual monetary value many times over. For example, a Vespa scooter from the 1970s can fetch up to five times its original retail price,” says Marelli.

Estimated price is about more than 7 billion VND

Piaggio was originally a manufacturer of fighter planes, but after the Second World War, they turned to producing the now famous scooters. From 1946 onwards, Piaggio became famous for its Italian-style Vespa scooters. In 1953, the movie “Roman Holiday” starring actress Audrey Hepburn brought Vespa to the “unique” position it has today.

According to auction house Catawiki, the Vespa 1003 is still in good working condition. The auction will run until March 28.

According to VNN