So goes the market (tracking a particular 1934 Packard)

Orin,  a few things:

1.  The high price was justified by the over the top restoration.  Restorations tend to mellow with time.

2.  The first two results were stupid high for a standard eight.

3.  Auctions give you a price for a particular car at that location in that moment.  Different time and place, different bidders, different results.

I think the answer can be found on the graph.....

At the same auction a 1932 Packard 900 coupe roadster brought $313,000 with commission that has a 33 year old restoration. 
 

The auction was interesting in what some lots brought and what others didn’t.
 

alsancleMar 7, 2024

A few things:

1.  The high price was justified by the over the top restoration.  Restorations tend to mellow with time.

2.  The first two results were stupid high for a standard eight.

3.  Auctions give you a price for a particular car at that location in that moment.  Different time and place, different bidders, different results.

Aj,

I agree as to (1) and (3).  Although having followed the 1101 market pretty closely for a few years, I  disagree as to (2).  Those were pretty typical numbers for a nice open Eight.