Misallocation

1948 Mercury Convertible

Sold at Mecum Auctions on Jan. 8, 2025, offered with no reserve.

$23,650Confirmed

The price as reported by the house. Hammer price $21,500, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1948
Make and model
Mercury Mercury Eight
Generation
Eight (1939 to 1951)
Version
Eight (1939 to 1951)
Gearbox
Manual
Chassis
899A2148483
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

Inside the middle half of 30 comparable sales.

Middle half of sales$17,500 to $29,000
Median$23,750
Sales behind it30Likely

From 30 sales of the Mercury Eight Eight (1939 to 1951) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $17,500 and $29,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1948 Mercury ConvertibleMecum, Jan. 14, 2026MecumJan. 14, 2026$24,000
1948 Mercury ConvertibleMecum, May 16, 2026MecumMay 16, 2026$19,000
1947 MERCURY EIGHT CONVERTIBLEBarrett-Jackson, Jan. 20, 2026Barrett-JacksonJan. 20, 2026$23,500
1949 Mercury Eight CoupeBring a Trailer, Dec. 22, 2025Bring a TrailerDec. 22, 2025$22,000
1949 Mercury CoupeMecum, Dec. 5, 2025MecumDec. 5, 2025$29,000
1949 Mercury CoupeMecum, Jan. 17, 2025MecumJan. 17, 2025$47,000
1949 Mercury Eight ConvertibleMecum, Jan. 11, 2025MecumJan. 11, 2025$34,000
1950 Mercury Eight CoupeBring a Trailer, Aug. 4, 2026Bring a TrailerAug. 4, 2026$22,000