On another stand in the same gallery Panhard et Levassor display a prototype of Daimler quadricycle equipped with a two-cylinder in V petrol engine. The future for the automobile is that 'gasoline'. Peugeot begins to assemble vehicles fitted with the Daimler V2 which is manufactured under licence by Panhard et Levassor. In 1892 the Peugeot company becomes Les Fils de Peugeot Frères.
Paris is passionate about technical progress and also about its applications. Le Petit Journal multiplies the events. The Paris-Brest-Paris bicycle race is organized in 1891. A Peugeot Type 3 equipped with a Daimler-Panhard engine manages to follow the entire run. Including its round trip between the Valentigney factory and Paris, it had traveled 2100 km.
In July 1894 Le Petit Journal organizes Paris-Rouen which is not a competition of speed but a contest of automobiles judged on three criteria : safety, easiness of use and cheapness. The prize of 5000 francs is shared between Panhard et Levassor and Les Fils de Peugeot Frères. The star model of this event is the new Peugeot Type 5 designed for racing. This two-seater quadricycle is equipped with the Daimler-Panhard V2.
Fourteen Peugeot Type 5 were built. One of them has retained its original chassis, mechanical equipment and bodywork. It has been repainted and the water tank has been changed. In this sensational condition of authenticity it will be sold on November 2 in London by Bonhams, lot 306 estimated £ 300K, and will participate in the veteran car run from London to Brighton on November 4.
This car has kept a remarkable traceability. Its terminus post quem is the delivery of the engine by Panhard in December 1893 and its terminus ante quem is the delivery to its first owner in November 1895. It appears likely to experts that it was stored for slightly more than a year by Peugeot after being one of the five Type 5 entered by the brand on Paris-Rouen.
After strategic disagreements with his cousin, Armand Peugeot left in 1896 Les Fils de Peugeot Frères and founded the Société des Automobiles Peugeot.
SOLD for £ 360K including premium