For the first time since 1973, a Pierce-Arrow Silver Arrow has gone up for auction. Just five of these historic machines were ever built, and only three are known to exist today. So, it's rare. But it's also fast. In 1933, when the Silver Arrow went on the market, its top speed of 115 miles per hour was extremely impressive.

So, when a Pierce-Arrow rolled down the block at the 2012 Barrett-Jackson auction in Scottsdale, there were plenty of eyes glued on the stage. And there were also bidders. Deep-pocketed bidders, in fact. Before the gavel fell, bidding quickly passed the million-dollar mark, with several interested parties.

The final bid came in at an even $2,000,000 and that means the final selling price was $2.2 million. Check out our live photo gallery of the 1933 Pierce-Arrow above and watch it cross the break on video after the break.



Summary: The Silver Arrow caused a sensation when it was unveiled at the New York Auto Show in 1933. Only five were built and this is one of three that survived. Previously part of the Harrah's Auto Collection. From the Blackhawk Collection.

Details: The Silver Arrow caused a sensation when it was unveiled at the New York Auto show in January 1933. It was the most daring and radical automobile of its day, giving an unnerving glimpse into the future. The $10,000.00 price tag was humbling as well. The top speed of 115 mph was unbelievable for a car of such size and stature. Only five were built. This car is one of three that survived. Previously part of the Harrah's Auto Collection from the early 1960s until 1987. It was restored by the world famous Harrah's facility. Full Harrah's restoration records. First public auction of a Silver Arrow since 1973. From the Blackhawk Collection.

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