After spending 1990 to 2018 in a private museum, a restored 1981 Delorean DMC-12 has sold at auction to a private seller. The Delorean (immortalized by the cinematic classic Back to the Future) sold after extensive restorative work for $31,751.
In early January 2019, the vehicle went under the knife. The radiator, headliner, distributor, injectors, and seals were replaced along with the torsion bars being reset to hold up those iconic gullwing doors. The Delorean still has its rear-mounted V6 PRV engine and five-speed transaxle transmission. The interior, cast-alloy wheels, upholstery, and 6,000 miles are original as well. This particular car spent a few years colored hot pink, before being returned to its original black paint before the auction.
So why is a rare classic like this only worth the same as a loaded new Camry? Because the head of Toyota didn’t run the company into the ground and try to sell 220 lbs of cocaine to get out of it. John Delorean, known as a prominent young engineer and business tycoon, split from his executive position at GM to start the Delorean Motor Company. Unfortunately, checks were written that couldn’t be cashed, and after only nine years, the company was insolvent.
Despite the societal caché of the Back to the Future trilogy, Delorean faded to black permanently. John Delorean got off on an entrapment technicality, but the charges and news ended his career rather harshly. Still, the vehicles are unique, and we love hearing that they aren’t extinct yet. Check back with us for more automotive news!