James Bond Submarine Car Sells for Nearly $1M

Posted: September 10, 2013  |  By: Robert Frank [CNBC]

The James Bond "submarine car" may have been a hit with fans, but not with car collectors.

The famous submersible Lotus Esprit, used in the "The Spy Who Loved Me," was sold by RM Auctions today in London for £550,000, or $864,000. Add in the sales commission, and the final price was $967,120.

That's a bit below the expected price of between $990,000 and $1.45 million.

It's unclear why the price was soft, given the boom in collectible cars and its status as an especially famous car from the silver screen. But auction experts said that because the Lotus was not a functional car, it may not have been as attractive to buyers. Although equipped with fins and propellers, it did not have wheels.

Click here to read more.

captcha e62da9c358764e4f85d8ffb5a1eb1243