Misallocation

c. 1917 Pierce-Arrow Model 48 Five-Passenger Touring

Sold at Gooding Christie's on Sept. 20, 2025.

$134,400Confirmed

The price as reported by the house. Hammer price $120,000, before the buyer's premium. Read from the house's results Nov. 10, 2026.

The car

Year
1917
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)
Chassis
13385

Against comparable sales

Above the middle half of 3 comparable sales, 109% over its top.

Middle half of sales$41,500 to $57,500
Median$45,000
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 $41,500 and $57,500.

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
1924 Pierce-Arrow Series 33 Enclosed Drive LimousineMecum, Sept. 20, 2025MecumSept. 20, 2025$45,000