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The Spanish Unicorn
Pegaso Z-102 by Saoutchik

An classic car aficionado’s first thoughts of Spain might not immediately associate the nation with the automobile industry, as only a few car manufacturers manage to survive there and even long-lost marques were scarce. Pegaso is one of the names that would register, but there’s a high possibility that no one has ever seen this “unicorn’; the mystical Z-102 above.

The launch of the Z-102 is legendary as it is improbable, as Pegaso was a subsidiary of a Spanish government owned trucking company thus making it hard to imagine how this sports car was ever approved. The example here is the most extraordinary one of the 84 units ever produced. It is the combination of several unique qualities. Not only was it one of just 18 versions having bodywork done by famous coachbuilder Jacques Saoutchik, but it was also one of only three Series 2 Berlinetta still fitted with its original principal mechanical components, and lastly, it is the very car that shocked whole automobile industry when it was unveiled at the 1954 Paris Motor Show. Surely a motorcar worthy of “unicorn” status.

In fact, on that day this Saoutchik Z-102 was even said to be more technologically advanced than Ferrari, as Ferrari didn’t follow Pegaso’s introduction of the first rear transaxle until the 275 in 1964, making this model even more intriguing. The Pegaso Z-102 is going to auction at the upcoming Monterey Car Week, and RM Sotheby’s anticipates it’ssales price to be around $800,000 to a million US dollars, which shouldn’t surprise anyone once they learn the historic significance of this improbable one-of-a-kind curiousity.