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Price. Awful nice car though. So many variables. If someone is looking "hard" for a nice pre war Packard in the larger series, then I believe this community has posted several for less money, much less money in some cases. If you include significant post war Packards then $69,000 should buy you a nice Custom 8 convertible, Station Sedan or Carribbean.

Since CL ads are free and can renew so easily, sometimes sellers that don't really need to sell put their car on CL at a "premium" price and if it sells great, if not, no problem. When they get serious about selling a car, it's either going in the CNB, ebay or an auction.

Hi

A few pre-war choice pickings:

A nicely-restored '29 640 seven passenger sedan, not inexpensive but worth it by the looks:
http://buffalo.craigslist.org/cto/5165805258.html

A '37 115 Six sedan, claims 13,000 miles, original condition, pricey but interesting if actually that low mileage.
http://baltimore.craigslist.org/cto/5122142555.html

A '40 110 coupe, decent driver condition:
http://hudsonvalley.craigslist.org/cto/5164769006.html

A handsome '41 120 coupe, nice exterior restoration, questionable (mouse fur?) interior and details for the price:
http://providence.craigslist.org/cto/5145987659.html

Steve

8-12-2015, added a few Contours:

A '52 200 sedan, if not rusty or bondo-buggy, good start:
http://watertown.craigslist.org/cto/5136284636.html

A '53 Clipper Deluxe, stick with overdrive, no pictures:
http://hartford.craigslist.org/cto/5157846641.html

Three '54 Clipper sedans:
Special, 288, stick, rough, parts car, $500 cheap:
http://richmond.craigslist.org/cto/5112155975.html

Super, Stored since 1970, 55K, offered by original owner's family:
http://boston.craigslist.org/gbs/cto/5148306488.html

Super, Continually-maintained, daily driver, black:
http://worcester.craigslist.org/cto/5133484168.html

1937 parts (but I see also a 36 120 dash in there as well).
http://fortmyers.craigslist.org/lee/cto/5119897558.html

Wow Steve, that '52 200 in Watertown sure looks like familiar. I could buy it and have the beginnings of a fleet.

Hi

HA52, thought of you immediately when I saw that two-tone gray 200...!

More Contours and Teagues:

A '53 Clipper Deluxe, claims 8,700 original miles:
http://stillwater.craigslist.org/cto/5169104234.html

A '54 Clipper Deluxe, solid, pricey for its condition:
http://stlouis.craigslist.org/cto/5153705751.html

That early '55 Clipper, languishing on L. I., cheap:
http://longisland.craigslist.org/cto/5144525047.html

A rough '55 Patrician, notes "engine is a flathead":
http://philadelphia.craigslist.org/cto/5161907990.html

A decent-looking '56 Clipper Super sedan, check for NY rust, if solid, good for the price:
http://albany.craigslist.org/cto/5155217647.html

Steve

Plus, one sweet '47 Clipper Six, will need re-upholstery at some point:
http://cincinnati.craigslist.org/cto/5171457878.html

Two things I noticed about the '47 Clipper Six: The carb cooling tube and the Egyptian ornament. I wonder how well the tube works? Love to have the ornament.

(o{}o)

In addition to the tube, there also appears to be a home made heat shield over the manifold. I am surprised all that is needed on a 6 -- or even an 8 for that matter. Wonder what the symptoms were that it was felt all the extra would help. The way the tube is bent it might be feeding cool air from under the car or else angled over to the knockout in the radiator shroud the fresh air vent used.

If it does help then the next owner can make the tube look a little more professional. Packard might have done it using something along the lines of the metal heater fresh air vent tube for cool air or the 356 crankcase vent installation for fan forced air.

No telling if it's really a 29 packard gastank, but if you're looking for 1 here she is:
https://flint.craigslist.org/pts/5088442819.html

Hi

Figure this one out, that '50 Super Deluxe Eight in Wisconsin:

First, 23 days ago, it was $7,500, 73K miles:
http://chicago.craigslist.org/chc/cto/5125618083.html

Second, 20 days ago, it was $6,000, 73K miles:
http://chicago.craigslist.org/chc/cto/5147464713.html

Now, 23 hours ago, its $7,800, 76K miles, better photos:
http://chicago.craigslist.org/sox/cto/5177774864.html

Like the price 20 days ago best, cheap for a great Packard.

Steve

1937 120, 2 owner car:
http://www.kaango.com/ad-1937-packard-120-all-original-second-owner-71k-mi-runs-well-10500-obo-831-663-3665/24098800

Or drive a senior packard for a junior price:
http://www.collectorcarads.com/Packard-160/58417