The world's oldest surviving production Bentley has been sold for $962,500 at the Gooding & Company auction in Pebble Beach.

The Barenaked Ladies wondered what they'd do if they had a million dollars and apparently they could have bought the world's oldest surviving production Bentley.

Recently sold at the Gooding & Company auction in Pebble Beach, the 1921 3-litre ‘Chassis Number 3' went for $962,500 (€668,100 / £582,200). While that seems somewhat cheap for an iconic model, the aluminum-bodied roadster originally cost £1,150 ($1,900 / €1,320).

In related news, the 1957 Ferrari 250 Testa Rossa prototype sold for $16,390,000 (€11,373,715 / £9,912,500) which reportedly set a new record for being the most expensive vehicle ever purchased in public.

Gallery: Oldest surviving production Bentley sold at auction [video]