RM Auction Results
1932 Packard tops $1 million mark
By Larry Jewett - July 31, 2011 10:07 PM
A rare 1932 Packard Twin Six Individual Custom Convertible Sedan, delivered new to famed American entertainer Al Jolson for $6,600, broke the magic million-dollar mark at RM Auctions’ St. John’s sale in Plymouth, Michigan July 30, selling for $1,100,000 before a packed house.
One of just two built and virtually unseen for nearly half a century, the sporting Packard with coachwork by Dietrich spurred a lively bidding war to achieve the top sale of the day. A total of 70 automobiles were presented during the four-hour auction, generating over $7.6 million (including buyer’s premium) in sales with 85 percent of lots sold.
In addition to the Packard, an eye-catching 1939 Pontiac Plexiglas Deluxe Six ‘Ghost Car’, America’s first full-sized transparent car and a highlight of the 1939-40 New York World’s Fair, also attracted significant attention from collectors. Remarkably preserved and showing just 86 original miles, it sold for a final price of $308,000 to applause from the audience.
Full auction results are also available online at www.rmauctions.com.