Misallocation

1955 Packard Caribbean Convertible

Sold at Mecum Auctions on Sept. 6, 2024, offered with no reserve.

$55,000Confirmed

The price as reported by the house. Hammer price $50,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1955
Make and model
Packard Caribbean
Generation
Caribbean (1953 to 1956)
Version
Caribbean (1953 to 1956)
Gearbox
Automatic
Chassis
55881340
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 12 comparable sales.

Middle half of sales$31,375 to $59,125
Median$48,259
Sales behind it12Likely

From 12 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 $31,375 and $59,125.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1955 Packard Caribbean ConvertibleBring a Trailer, Feb. 8, 2026Bring a TrailerFeb. 8, 2026$56,000
1955 Packard Caribbean ConvertibleMecum, March 20, 2025MecumMarch 20, 2025$33,000
1956 Packard Caribbean HardtopMecum, July 25, 2026MecumJuly 25, 2026$29,500
1954 Packard Caribbean ConvertibleBring a Trailer, June 5, 2025Bring a TrailerJune 5, 2025$9,500
1954 PACKARD CARIBBEAN CONVERTIBLEBarrett-Jackson, Jan. 23, 2025Barrett-JacksonJan. 23, 2025$32,000
1956 Packard Caribbean ConvertibleRM Sotheby's, Oct. 9, 2025RM Sotheby'sOct. 9, 2025$68,750
1954 Packard CaribbeanRM Sotheby's, Oct. 9, 2025RM Sotheby'sOct. 9, 2025$54,018
1953 Packard Caribbean ConvertibleMecum, March 20, 2025MecumMarch 20, 2025$100,000