Misallocation

1959 Buick Electra Convertible

Sold at Mecum Auctions on May 15, 2025.

$79,750Confirmed

The price as reported by the house. Hammer price $72,500, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1959
Make and model
Buick Electra and Park Avenue
Generation
Electra and Park Avenue (1959 to 1990)
Gearbox
Automatic
Chassis
8F1073104
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

Above the middle half of 33 comparable sales, 179% over its top.

Middle half of sales$12,750 to $26,000
Median$17,000
Sales behind it33Likely

From 33 sales of the Buick Electra and Park Avenue (1959 to 1990) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $12,750 and $26,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1959 Buick Electra 225 ConvertibleMecum, Jan. 14, 2026MecumJan. 14, 2026$30,000
1960 Buick Electra 225 ConvertibleBring a Trailer, Nov. 4, 2026Bring a TrailerNov. 4, 2026$15,000
1960 Buick Electra CoupeMecum, July 23, 2026MecumJuly 23, 2026$13,000
1960 Buick Electra 225 ConvertibleMecum, May 10, 2026MecumMay 10, 2026$30,000
1960 Buick Electra ConvertibleMecum, Jan. 15, 2026MecumJan. 15, 2026$42,000
1960 Buick Electra 225 ConvertibleMecum, Jan. 14, 2026MecumJan. 14, 2026$30,000
1960 Buick Electra 225 ConvertibleMecum, Jan. 16, 2025MecumJan. 16, 2025$145,000
1960 Buick Electra 225 'GM Styling' ConvertibleRM Sotheby's, Oct. 8, 2026RM Sotheby'sOct. 8, 2026$100,000