Misallocation

1929 Cord L-29 Convertible Phaeton Sedan

Sold at Broad Arrow Auctions on Feb. 15, 2025.

$123,200Confirmed

The price as reported by the house. Hammer price $110,000, before the buyer's premium. Read from the house's results Nov. 10, 2026.

Photo: Broad Arrow Auctions

The car

Year
1929
Make and model
Cord L-29
Generation
L-29 (1929 to 1932)
Miles shown
84,254

Against comparable sales

Below the middle half of 3 comparable sales, 64% under its bottom.

Middle half of sales$180,500 to $293,000
Median$226,000
Sales behind it3Likely

From 3 sales of the Cord L-29 (1929 to 1932) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $180,500 and $293,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1929 Cord L29 Convertible Phaeton SedanBring a Trailer, Aug. 18, 2026Bring a TrailerAug. 18, 2026$226,000
1929 Cord L29 Cabriolet and 1930 Cord L29 Convertible SedanGooding Christie's, March 7, 2025Gooding Christie'sMarch 7, 2025$360,000
1931 Cord L29 PhaetonMecum, Jan. 10, 2026MecumJan. 10, 2026$135,000