Well, I was talking to my brother last night and we have both decided it is time to get a Packard and this one seemed like the right choice. We discussed it for an hour and came to the conclusion it would be a really great buy at $60,000. I told him I would send in a deposit so we could phone bid. Well Mecum wants 20% down for your highest phone bid and say they will return the money in thirty days. So I said "screw it"I am not going to all that trouble for a car I would more than happily pay $60,000 for because it will never go for that price. I strangely found myself routing for the price to go higher when it got hung up at $48,000 today, not wanting to make the call to my brother that we didn't get it for the agreed upon price because of my sloth like behavior. It sold for $56,000.
The good news for future buyers of these cars is that prices are definitely headed downward which is why I thought that there was a possibility this one would go for that price based on exhaustive research of all auctions selling Packards for the last five years. The bad news was the call I had to make to my brother. Who woulda thunk? Great driver! It seems that the Classic Cars are going the way of brownwood furniture. I just found this post and had to join to give the update.