Misallocation

1953 Packard Caribbean Convertible

Sold at Mecum Auctions on March 20, 2025.

$110,000Confirmed

The price as reported by the house. Hammer price $100,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1953
Make and model
Packard Caribbean
Generation
Caribbean (1953 to 1956)
Version
Caribbean (1953 to 1956)
Gearbox
Automatic
Chassis
26782645
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 11 comparable sales, 75% over its top.

Middle half of sales$30,750 to $57,000
Median$42,500
Sales behind it11Likely

From 11 sales of the Packard Caribbean (1953 to 1956) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $30,750 and $57,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1953 Packard Caribbean ConvertibleMecum, Jan. 12, 2025MecumJan. 12, 2025$18,500
1953 Packard CaribbeanRM Sotheby's, Oct. 8, 2026RM Sotheby'sOct. 8, 2026$42,500
1953 Packard CaribbeanRM Sotheby's, Oct. 8, 2026RM Sotheby'sOct. 8, 2026$58,000
1954 Packard Caribbean ConvertibleBring a Trailer, June 5, 2025Bring a TrailerJune 5, 2025$9,500
1953 Packard CaribbeanBroad Arrow, Feb. 15, 2025Broad ArrowFeb. 15, 2025$62,500
1954 PACKARD CARIBBEAN CONVERTIBLEBarrett-Jackson, Jan. 23, 2025Barrett-JacksonJan. 23, 2025$32,000
1955 Packard Caribbean ConvertibleBring a Trailer, Feb. 8, 2026Bring a TrailerFeb. 8, 2026$56,000
1954 Packard CaribbeanRM Sotheby's, Oct. 9, 2025RM Sotheby'sOct. 9, 2025$54,018