Misallocation

1938 LaSalle 38 Convertible

Sold at Mecum Auctions on May 11, 2025.

$48,400Confirmed

The price as reported by the house. Hammer price $44,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1938
Make and model
LaSalle LaSalle
Generation
LaSalle (1927 to 1940)
Gearbox
Manual
Chassis
2279649
Condition
Good (3)Likely

Condition is our reading of the listing's description on Hagerty's 1 to 4 scale, not an inspection.

Against comparable sales

Inside the middle half of 26 comparable sales.

Middle half of sales$18,250 to $107,500
Median$34,501
Sales behind it26Likely

From 26 sales of the LaSalle (1927 to 1940) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $18,250 and $107,500.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1938 LaSalle Series 38-50 Coupe ProjectBring a Trailer, Feb. 11, 2026Bring a TrailerFeb. 11, 2026$12,850
1938 LaSalle Series 38-50 Damascus Hearse by S&SBring a Trailer, Oct. 8, 2025Bring a TrailerOct. 8, 2025$110,000
1938 LaSalle Series 50 CoupeMecum, Oct. 3, 2025MecumOct. 3, 2025$15,000
1939 LaSalle Series 50 SedanMecum, May 14, 2025MecumMay 14, 2025$19,000
1939 LaSalle Series 50 Convertible Coupe by FisherRM Sotheby's, Oct. 8, 2026RM Sotheby'sOct. 8, 2026$21,000
1940 LaSalle Series 40-52 CoupeBring a Trailer, Aug. 17, 2026Bring a TrailerAug. 17, 2026$15,000
1940 LaSalle Series 40-52 Touring SedanBring a Trailer, July 30, 2026Bring a TrailerJuly 30, 2026$18,000
1940 LaSalle Special Series 40-52 Convertible CoupeBring a Trailer, Oct. 14, 2025Bring a TrailerOct. 14, 2025$39,001