My favorite Packard

[Guest imported_MrEarl]

a white and turquoise? 1954 Caribbean convertible, sold for $141,000 tonight at BJ. the gentleman who bought it was quite tipsy. I don't think he realized he had actually bought it. Is this what they typically sell for?

[mrpushbutton]

Ehhh---Methinks that the "Barret-Jackson" effect of unreal economic sense (or lack thereof) had a lot to do with the gavel price on that one. Did it have a big-block Chebby engine, tilt column, Recaro seats, thumpety-thump googlawatt stereo, 9" Ford rear end and disc brakes or was it the rare stock car @ B-J?

[Owen_Dyneto]

Values seem to get harder and harder to rationalize, perhaps too many non-hobbyists with too much money getting into what used to be a nice little hobby. But trying to answer the posted question of "is this what these cars typically sell for", a recent Packard postwar price guide give the following for a 1954 Caribbean: #1-$138,700, #2-$102,600, and #3-$76,300. Prices for the 54 convertible are about 1/3 of those.

[Matt Harwood]

I think $140K is about twice what that car was worth. Did you see how wavy the chrome was? Definitely not a #1 car.

[tbirdman]

Damn, I forgot the circus was in town. Time to TIVO the remaining days.

[Guest 1956Packard]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: tbirdman</div><div class="ubbcode-body">Damn, I forgot the circus was in town. </div></div>

LOL!!!

[Twitch]

If you check NADA.com you'll see the car listed at the HIGH end of $121,000. Nad NADA reflects a higher value across the board of all vehicles I've noticed. So I guess 20K extra could be rationalized out as a regional premium or something.

The real problem with all these appraisls comes down to defining what category a cars falls into-

Average Retail Value

This vehicle would be in good condition overall. It could be an older restoration or a well-maintained original vehicle. Completely operable. The exterior paint, trim, and mechanics are presentable and serviceable inside and out. A "20-footer".

High Retail Value

This vehicle would be in excellent condition overall. It could be a completely restored or an extremely well maintained original vehicle showing very minimal wear. The exterior paint, trim, and mechanics are not in need of reconditioning. The interior would be in excellent condition. Note: This value does not represent a "100 Point" or "# 1" vehicle *.

* "100 Point" or "# 1" vehicle is not driven. It would generally be in a museum or transported in an enclosed trailer to concourse judging and car shows. This type of car would be stored in a climate-regulated facility.

The Packard in "average" condition lists out at just about $72,000. So there's a huge variation in price/value depending on who is interpreting what in an evaluation.

[tbirdman]

Of course then you nee dto take into account the Barrett Jackson syndrome where market value and what these guys willbid sometimes are not related. There was a 115 convertible that went for over 100K two years back.

Can it be that these buyers don't care as they have plenty of money?

[Guest imported_Speedster]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: tbirdman</div><div class="ubbcode-body">Can it be that these buyers don't care as they have plenty of money? </div></div>

Yes, to some it becomes a Sport to them, trying to outdo the other guy. Al least it's Better than going to Las Vegas and blowing it all on the Crap table, they have something to Show for their money. If you got it, might as well spend it on a great car collection and enjoy spending it, before the Relatives get it all, after their gone.