Duesenberg has not crossed the estimate lower limit

Duesenberg Model SJ Phaeton. 1933. USA. Lot was sold at a price of $1 688 500. RM Auction. Vintage Motor Cars of Hershey. Hershey, October, 10

The set of stunning vintage motor cars was sold during the annual fall bidding of RM Auction House which was held on October, 10 in Hershey, Philadelphia. It is possible to suggest that a small collection containing about fifty motor cars attracted the interest of the collectors. Despite the fact that the bidding did not break any records, RM Auctions managed to sell more than 70% of the lots including the most expensive auction’s old-timer 1933 Duesenberg Model SJ Phaeton.

The final price of this luxurious vintage car was $1 688 500. And the auctioneer had to take off scarcely more than $100 000 in order to sell the lot as far as the lower estimate equaled $1 800 000. SJ, the second model of the famous American producer, was put into production in 1932 and during five years it held the position of the fastest and the most high-powered automobile of its class. By the moment the Duesenberg factory went out of business in 1937, the assembly shop had produced at most 500 copies of SJ.

There was no purchaser the other top lot of RM Auctions – the magnificent 1934 Rolls-Royce Phantom II Continental estimated at $550 00-650 000. According to the information given by the auction house, the bidding was stopped at $430 000. In this case the auctioneers did not risk lowering the estimate. Continental, the second one in the legendary Phantom series, became one the most essential and expensive English motor cars of its time.

Pierce-Arrow Model 48 Touring Car. 1917. USA. Lot was sold at a price of $385 500. RM Auction. Vintage Motor Cars of Hershey. Hershey, October, 10

1917 Pierce-Arrow Model 48 Touring Car, the rare vintage automobile, brought $385 500 to the auction house. Pierce-Arrow, one of the oldest American car producers, had been delivering the 48 for more than twenty years and during this period the car was extremely popular. Being simple, safe and quite cheep, at the same time it became the symbol of progress in US car industry and was notable for its fashionable design.

1913 Locomobile Model M-48-3 that is even older was sold by auction for $357 500. This model is considered to be the best achievement of Bridgeport Plant which had existed till 1929. The motor car was supplied with an elegant body, a wonderful cabin interior and a huge seven liters engine. During a short period of time Locomobile Model M-48-3 was well known as the most prestigious car in the USA.

Then one should mention 1962 Bentley C2 Continental which was sold for $264 000 opposite to $225 000 of the upper estimate limit. The automobile is in a perfect, absolutely authentic condition and its mileage is hardly above 20 000 miles.

Advertisements
Published in: on November 19, 2008 at 1:14 am  Leave a Comment  
Tags: ,

The URI to TrackBack this entry is: https://antiques20.wordpress.com/2008/11/19/duesenberg-has-not-crossed-the-estimate-lower-limit/trackback/

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: