Misallocation

1938 Packard 1601 Eight Convertible Victoria by Darrin

Sold at RM Sotheby's on Feb. 27, 2026.

$390,000Confirmed

The price as reported by the house. Hammer price $350,000, before the buyer's premium. Read from the house's results Oct. 26, 2026.

The car

Year
1938
Make and model
Packard Packard Eight
Generation
Eight (1924 to 1950)
Chassis
A309389
Condition
Concours (1)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 44 comparable sales, 276% over its top.

Middle half of sales$22,750 to $93,125
Median$59,500
Sales behind it44Likely

From 44 sales of the Packard Eight Eight (1924 to 1950) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $22,750 and $93,125.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1938 Packard 1601 Convertible SedanMecum, March 21, 2025MecumMarch 21, 2025$60,000
Right-Hand-Drive 1934 Packard Eight 1101 Convertible VictoriaBring a Trailer, Aug. 24, 2026Bring a TrailerAug. 24, 2026$85,000
1934 Packard 1101 Eight TouringRM Sotheby's, Oct. 9, 2025RM Sotheby'sOct. 9, 2025$73,661
1932 Packard Standard Eight Model 902 CoupeBring a Trailer, Aug. 5, 2026Bring a TrailerAug. 5, 2026$40,750
1932 PACKARD 902 STRAIGHT EIGHT RUMBLE SEAT COUPEBarrett-Jackson, June 27, 2026Barrett-JacksonJune 27, 2026$120,000
1932 Packard Standard Eight Model 902 CoupeBring a Trailer, May 5, 2026Bring a TrailerMay 5, 2026$106,000
1932 Packard 904 Individual Custom Eight Convertible Victoria by DietrichRM Sotheby's, Aug. 16, 2025RM Sotheby'sAug. 16, 2025$1,100,000
1931 Packard 845 Deluxe Eight Convertible Victoria by RollstonRM Sotheby's, Oct. 8, 2026RM Sotheby'sOct. 8, 2026$115,000