I agree with most of the comments above. I will stick with my general comment that 2,800 dollars in 1931 was the bottom edge of the luxury market. A Duesenberg or Mercedes chassis alone would be 11,000 in 1931. A RR Phantom II could be more. Those cars were sitting at the top of the market. In between was the Marmon V16, Caddy V16, Packard, Pierce, etc.