Misallocation

1956 Packard 400 Hardtop

Sold at Mecum Auctions on Dec. 5, 2024, offered with no reserve.

$9,900Confirmed

The price as reported by the house. Hammer price $8,900, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1956
Make and model
Packard Patrician and Four Hundred
Generation
Patrician and Four Hundred (1951 to 1956)
Version
Patrician and Four Hundred (1951 to 1956)
Gearbox
Automatic
Chassis
56873817
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, 4% under its bottom.

Middle half of sales$9,275 to $13,250
Median$11,250
Sales behind it4Likely

From 4 sales of the Packard Patrician and Four Hundred (1951 to 1956) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $9,275 and $13,250.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1955 Packard 400 HardtopMecum, Dec. 5, 2025MecumDec. 5, 2025$5,600
1955 Packard PatricianBring a Trailer, Oct. 15, 2026Bring a TrailerOct. 15, 2026$17,000
One-Family-Owned 1955 Packard PatricianBring a Trailer, June 4, 2025Bring a TrailerJune 4, 2025$12,000
1953 Packard PatricianBring a Trailer, Nov. 13, 2025Bring a TrailerNov. 13, 2025$10,500