One of these sold a couple months back at an RM Auction in Amelia Island. It sold for $159,500. It was fully restored, although it does not say "frame off". following is part of the auction description:
"The example offered here was discovered in relatively poor condition, making it obvious that a full restoration would be required to return the car to its original grandeur. Accordingly, it was painstakingly restored with a host of both new old stock and restored original parts from other Packards over a lengthy four-year period. Custom mahogany and ash panels and framing were cut and fitted following factory specifications. The new wood also features all the correct finger joints and construction. The result was spectacular - a better than new Packard."
you can see this at
http://www.rmauctions.com/CarDetails.cfm?SaleCode=AM10&CarID=r247 The "guidance" was $100 -$150. I had an absentee bid in closer to the bottom of the range, though I suspected it would go closer to the top. I love woodies and have a '49 Plymouth and I love my '41 Packard. If I could combine them, can't think of anything better.
It is hard for me to beleive that the buyer will be able to do a full restoration and have less than $150,000 in it. But it will be a great car.
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