Misallocation

1938 Packard 1607 Twelve Five-Passenger Coupe Project

Sold at RM Sotheby's on Oct. 8, 2026, offered with no reserve.

$23,520Confirmed

The price as reported by the house. Hammer price $21,000, before the buyer's premium. Read from the house's results Nov. 10, 2026.

Photo: RM Sotheby's

The car

Year
1938
Make and model
Packard Twelve
Generation
Twelve (1932 to 1939)
Condition
Fair (4)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 30 comparable sales, 403% under its bottom.

Middle half of sales$105,625 to $315,000
Median$161,027
Sales behind it30Likely

From 30 sales of the Packard Twelve (1932 to 1939) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $105,625 and $315,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1938 Packard 1607 Twelve Convertible VictoriaRM Sotheby's, Oct. 8, 2026RM Sotheby'sOct. 8, 2026$105,000
1938 Packard 1607 Twelve Convertible VictoriaRM Sotheby's, Oct. 8, 2026RM Sotheby'sOct. 8, 2026$107,500
1939 Packard 1707 Twelve 2/4-Passenger CoupeRM Sotheby's, Oct. 8, 2026RM Sotheby'sOct. 8, 2026$160,000
1937 Packard Twelve Series 1506 Touring SedanBring a Trailer, Sept. 1, 2026Bring a TrailerSept. 1, 2026$72,000
1939 Packard Twelve 1707 Convertible CoupeBring a Trailer, April 2, 2026Bring a TrailerApril 2, 2026$330,000
1937 Packard 1507 Twelve Coupe RoadsterRM Sotheby's, Feb. 27, 2026RM Sotheby'sFeb. 27, 2026$295,000
1939 Packard Twelve 1708 7-Passenger Touring SedanBring a Trailer, Dec. 30, 2025Bring a TrailerDec. 30, 2025$75,500
1937 Packard Twelve V12 EngineBring a Trailer, Sept. 10, 2025Bring a TrailerSept. 10, 2025$13,000