Packard Forum Index » Packard Vehicles - For Sale, Wanted, Trade

My mother's husband has a home project that he's been working on for decades, but he's beyond age to finish it, and it's time to sell his retirement investment. I have no connection to this car, and want nothing from it. All that is left to finish on the car is the upholstery. 6 grand and a few weeks. I'll try to post a pic of it. I've been naive in the attempts so far, to find out what they want to do with it. I've tried to contact Jay Leno, as I'm sure he'd appreciate the thousands of dollars in spare parts that would come with it. Wayne Carini's shop wanted more info, but our computer was hacked and had to be wiped out, so that put things off for several months while we fixed their financial systems that had to be shut off.

Our getting it finished and ready for Bonham's or the like, is out of the question, without a middle man to handle all the logistics. This is no ordinary 840, acccording to the owner. It's also new to the collection market, as he's done all the work on it, himself. I also realize, that there are dime store salesmen in the mix, who would want to steal this investment. Especially, if it turns out to be a one off, worth 6 figures. We have no idea. I just want some honest ideas of how to validate this cars history, and rarity level, with some suggestions of it's potential worth. There is also a full drive train, with enough parts for another engine, full set of brakes, another trunk. Lots of spare parts.

David.

Attach file:

---

  image000000.jpg (335.75 KB)

Hi Grazhopprr, welcome to PakardInfo.com.
Take a look at -> this page to get a first general overview.

Yeah, I've seen those price ranges, which only adds to the confusion of how rarity and type are somewhat subjective in the price ranges. If I can find someone who can do a research chart on this particular car, that would help. Wondering if there is someone in the pre-war expertice, that can be tapped for this.

Quote:

Most certainly, and it definitely looks nice, but no one could tell you whether it's worth 30k or 300k without seeing LOTS of photos of the work, as well as the best history and info you can get about the custom work. Provenance and experience is everything for that, as there are more incorrect restorations out there than correct ones.

It is rare, and it's a great car. But ....

1. amateurish restoration that does not stand up to inspection
2. unfinished
3. poor choice of colors
4. not running
5. a very downtrodden market right now, especially for project cars.

The fact that it's an 840 makes it much more desirable than an 833, but it's still a relatively staid phone-booth-style coupe (versus the much more desirable one-year-only 1934 coupe).

In my opinion (as a professional appraiser, with lifelong family ownership of prewar Packards), and based on the above 5 criteria, I'd say its value is in the neighborhood of $35,000. The value will increase with each of the five points proven wrong.

Jay Leno already has a 1932 coupe (a Twelve), and I strongly doubt he'd be interested in this car. Carini would be interested ... at a give-away price.

It would also be more helpful to know exactly what parts and condition. Is spare engine complete? Worn out? Need many more photos of the car and the parts. Also, location.