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Gosford Motor Museum Closure - Packards for Auction
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Joined:
2019/1/30 23:11
From Sydney, NSW, Australia
Posts: 103
Went to look at the cars up for auction, which include three Packards:

First is a 1930 704 Roadster. Very good condition. Replica body after a different bodywork diversion. Left hand drive and expected to return to US. Not much interest locally. They had it for sale for a while at A$300K.

Second is a 1939 1708 Twelve Limo. Looks quite original, but paint is bubbling in many places and obvious water leak around the thermostat housing. This is supposed to be a car imported into Australia privately some years ago. Looks like a 20-30 year old restoration. Still LHD. Data plate does not match the details in the Registry, or previous commentary. Looks like it may have been changed? Now showing 1235-2107. Was supposed to be 1235-2044. This was for sale a while back at A$125-150K, but no takers. Quite a nice old thing but history/ID rather hazy.

Third is a well-restored 1955 400 in black/white also LHD. They were trying to get about A$50K for this. Already bid up to about $25K, so will probably go close. Not everyone's cup of tea!

Will try to attach some pics in separate message - I'm slow, so it will time out on me!

Brian

Posted on: 2019/3/26 17:18
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1941 120 Club Coupe (SOLD)
1956 Clipper Deluxe (RHD and auto) - for the wife, or so I told her!
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Re: Gosford Motor Museum Closure - Packards for Auction
Home away from home
Joined:
2019/1/30 23:11
From Sydney, NSW, Australia
Posts: 103
Trying to attach pics below:

Attach file:



jpg  1930 740.jpg (167.31 KB)
191498_5c9ac375679ad.jpg 1024X683 px

jpg  1939 1708.jpg (167.68 KB)
191498_5c9ac38d72666.jpg 1024X683 px

jpg  1955 400.jpg (136.43 KB)
191498_5c9ac3a5333fc.jpg 1024X683 px

Posted on: 2019/3/26 17:28
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1941 120 Club Coupe (SOLD)
1956 Clipper Deluxe (RHD and auto) - for the wife, or so I told her!
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Re: Gosford Motor Museum Closure - Packards for Auction
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Joined:
2019/1/30 23:11
From Sydney, NSW, Australia
Posts: 103
Quick update on the Packards for auction at the Gosford Museum:

The auctioneers claim that the 1930 740 roadster was originally this body style. Nor true says the guy who built the current roadster body, it was originally a sedan and he informed them accordingly. I indicated they had a price of A$300K on it recently, but apparently they were looking for A$450K a while back.

The 1939 1708 V12 limousine was originally imported to Australia more than 30 years ago, in need of quite a bit of work cosmetically and mechanically. Max Hood was the second owner of the car, and did some work on it before selling it on to Andrew Lidden (via auction). There is a picture of it in Andrew's shed, taken in 2005. It appears to have sat for around 20 years, before being purchased by the Gosford Museum a few years ago from Andrew's estate. It now shows evidence of an overheating problem with the engine. At one time, they were asking A$150K for it, but $125K more recently.

All three of these cars (including the nicely restored 1955 400 have already reached what might be considered fair prices in pre-auction bidding. It will be interesting to see what happens at the auction tomorrow.

This information provided in the hope that it might be of use to others considering bidding for them.

Cheers

Brian

Posted on: 2019/4/5 23:11
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1941 120 Club Coupe (SOLD)
1956 Clipper Deluxe (RHD and auto) - for the wife, or so I told her!
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Re: Gosford Motor Museum Closure - Packards for Auction
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Joined:
2007/5/20 1:34
From Bowral, Southern Highlands of NSW, Australia
Posts: 10318
Thanks for the info Brian, the better informed the market is the better for all.

Posted on: 2019/4/5 23:57
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Mal
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"Out of chaos comes order" - Nietzsche.

'38 Eight Sedan 38's are great! (Sold July 2009)
'41 120 Club Coupe 41's the One! (Sold October 2017)
'48 2222 "Almost" Rolling Limo Chassis and Engine (Sold Sept 2019)
'50 Eight Touring Sedan

Project Blogs:
'41 120 Club Coupe - Locked
Wade's Workshop - Locked
'50 Eight Touring Sedan

What's this? >>>>>> FAQ - Add your Packard to the Owners Registry
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Re: Gosford Motor Museum Closure - Packards Auction Results
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Joined:
2019/1/30 23:11
From Sydney, NSW, Australia
Posts: 103
Well, the Gosford Museum auction has been and gone. There were some rather odd diversions in proceedings. Makes you wonder about the transparency of the process.

Most bidding was online. I wonder how many of the bidders had seen the cars up close before bidding. There was only a small crowd in attendance at the auction. Most seemed to be there for the spectacle.

Some prices fetched by other marques seemed well over the top. One wonders if these were genuine sales.

The 1930 Packard 740 Roadster went for about A$285K (including buyers premium). Top money for a car with a non-original body style, but maybe that's less of a concern outside Australia.

The 1939 1708 V12 limo went for about A$90K. Quite expensive considering the amount of work needed and non-original data plate.

The 1955 400 went for around A$45K. Probably about right, given its extensive restoration.

Bidding was anonymous, so no idea whether anybody in the Packard fraternity bought any of these.

Despite this being described as a liquidation sale nothing sold very cheaply. It was not really a liquidation sale because there are probably at least twice as many cars still stored in sheds etc around the museum. No news of how/when these are to be sold.

Cheers

Brian

Posted on: 2019/4/7 4:18
_________________
1941 120 Club Coupe (SOLD)
1956 Clipper Deluxe (RHD and auto) - for the wife, or so I told her!
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Re: Gosford Motor Museum Closure - Packards for Auction
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2007/10/28 7:49
Posts: 2255
Years ago I fixed up a Twin Six that had what sounded like a $30,000 engine noise for a $25 part. It had an engine by E.C. Last. After fixing the power brakes, sorting out the front bumper, and setting the timing correctly the car ran and drove very well. It was on the market for $275,000. Everybody said it was a fake and knocked it down, but the VIN matched the car and it had a prototype dash panel indicating it was a very early production number. It sold for near the asking price and proceeded to bounce around the dealer auction circus with all sorts of screw ball sales verbiage indicative of today's craziness. The last time I saw it one of these experts drilled a hole in the prototype instrument plate and put a button there destroying the part forever. I contacted the place and inquired why anyone would do such a thing and it was clear they didn't know anything about cars.

I think that sums up the situation very well. The economic landscape today is loaded with examples of money gravtitating to places that makes no sense. Here in Michigan plants are closing down right and left because the economy can't support enough car sales. Yet the old car circus keeps roaring ahead as if it was 1928. I see this and that TV personality talking about these cars with a self proclaimed authority that is right out of Herman Melville's worst nightmares. I guess in the end they are going to take all of these relics with them. However, I can think of a lot of better ways to have fun with $250,000 than buying some car that nobody understands other than talking about how much it will sell for at auction.

Posted on: 2019/4/7 12:42
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