Misallocation

1924 Pierce-Arrow Series 33 Enclosed Drive Limousine

Sold at Mecum Auctions on Sept. 20, 2025, offered with no reserve.

$49,500Confirmed

The price as reported by the house. Hammer price $45,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1924
Make and model
Pierce-Arrow Sixes (Model 36, 38, 48, 66 and Series 31 to 81)
Generation
Sixes (Model 36, 38, 48, 66 and Series 31 to 81) (1910 to 1928)
Gearbox
Manual
Chassis
339162
Condition
Excellent (2)Likely

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

Against comparable sales

Below the middle half of 3 comparable sales, 20% under its bottom.

Middle half of sales$54,000 to $95,000
Median$70,000
Sales behind it3Likely

From 3 sales of the Pierce-Arrow Sixes (Model 36, 38, 48, 66 and Series 31 to 81) (1910 to 1928) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $54,000 and $95,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1918 Pierce-Arrow Model 48 CoupeMecum, Sept. 20, 2025MecumSept. 20, 2025$38,000
1919 Pierce-Arrow Model 38 Five-Passenger Touring CarBroad Arrow, Aug. 14, 2025Broad ArrowAug. 14, 2025$70,000
c. 1917 Pierce-Arrow Model 48 Five-Passenger TouringGooding Christie's, Sept. 20, 2025Gooding Christie'sSept. 20, 2025$120,000