So goes the market (tracking a particular 1934 Packard)

[1935Packard]

Bob Woolfit's very nice 1934 Packard Eight Coupe Roadster, three auction results over 9 years.  I don't know if the car has been not well taken care of, or maybe these numbers are quirky, but the results seemed worth noting.

 

2015: $195,000

 https://cars.bonhams.com/auction/22205/lot/142/1934-packard-eight-1101-coupe-roadster-chassis-no-71919-engine-no-374108/

 

2018: $173,600

https://rmsothebys.com/en/auctions/am18/amelia-island/lots/r0014-1934-packard-eight-coupe-roadster/602482

 

2024: $134,400

https://rmsothebys.com/en/auctions/mi24/miami/lots/r0036-1934-packard-eight-coupe-roadster/1433627

[alsancle]

Orin,  a few things:

 

1.  The high price was justified by the over the top restoration.  Restorations tend to mellow with time.

 

2.  The first two results were stupid high for a standard eight.

 

3.  Auctions give you a price for a particular car at that location in that moment.  Different time and place, different bidders, different results.

 

 

[prewarnut]

I think the answer can be found on the graph.....😁

[Tph479]

At the same auction a 1932 Packard 900 coupe roadster brought $313,000 with commission that has a 33 year old restoration. 
 

The auction was interesting in what some lots brought and what others didn’t.
 

 

[1935Packard]

6 hours ago, alsancle said:

A few things:

 

1.  The high price was justified by the over the top restoration.  Restorations tend to mellow with time.

 

2.  The first two results were stupid high for a standard eight.

 

3.  Auctions give you a price for a particular car at that location in that moment.  Different time and place, different bidders, different results.

 

 

Aj,

 

I agree as to (1) and (3).  Although having followed the 1101 market pretty closely for a few years, I  disagree as to (2).  Those were pretty typical numbers for a nice open Eight.

 

Edited March 7 by 1935Packard (see edit history)