Misallocation

1937 Packard Twelve 1507 Convertible Coupe

Sold at Gooding Christie's on Aug. 19, 2023.

$140,000Confirmed

The price as reported by the house. Hammer price $125,000, before the buyer's premium. Read from the house's results Oct. 26, 2026.

The car

Year
1937
Make and model
Packard Twelve
Generation
Twelve (1932 to 1939)
Version
Twelve (1932 to 1939)
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

Below the middle half of 4 comparable sales, 126% under its bottom.

Middle half of sales$282,500 to $337,500
Median$312,500
Sales behind it4Likely

From 4 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 $282,500 and $337,500.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1937 Packard 1507 Twelve Coupe RoadsterRM Sotheby's, Feb. 27, 2026RM Sotheby'sFeb. 27, 2026$295,000
1939 Packard Twelve 1707 Convertible CoupeBring a Trailer, April 2, 2026Bring a TrailerApril 2, 2026$330,000
1934 Packard Twelve 1107 Coupe RoadsterGooding Christie's, Aug. 16, 2025Gooding Christie'sAug. 16, 2025$245,000
1933 Packard Twelve 1005 Coupe RoadsterGooding Christie's, Aug. 16, 2025Gooding Christie'sAug. 16, 2025$360,000