Heroshot

1934 Pierce-Arrow Model 840

Convertible
RM Sotheby's Hershey 2021
Thursday, 7 October - Friday, 8 October 2021
$330,000
Sale Price
$180,000 - $220,000
Est. Range
Yes
Reserve
8 October 2021
Sold Date
266
Lot Number
#1
Concours restoration
RM Sotheby's
Auction House
Chassis no. 2080338. Thessalon Green with black fenders and black cloth top over dark green leather. 385/140hp inline eight, 3-speed, dual enclosed sidemounts with mirrors, body color wire wheels, trim rings, Firestone double side wide whitewalls, metal trunk, trunk rack, Dawley headlights.

Evaluation: Gorgeous paint, brilliant chrome, lovely upholstery, beautiful interior woodwork, tight top. Impossible to fault. Fresh, impeccable and beautiful. Most recently restored in 2015, CCCA First Junior and President’s Cup in 2015, Pebble Beach in 2016 and more. Charles Gillet collection.

Bottom Line: A brilliant, elegant, luxurious motor car restored and then maintained to concours standards. Compared with comparable marques from the period this is a serious value in style, quality, restoration and preservation. The final bid well over the pre-sale high estimate may appear to be generous but this Pierce-Arrow deserves every penny of the result it brought.

by Rick Carey
8 November 2021
A story about
Hagerty
Valuation Tools

See how much your car is worth.

Get current values, historical values, model history and more.

Leave a Reply

Your email address will not be published.

More on this topic

Hagerty Insider Newsletter

Your weekly dose of auction reports, market analysis, and more.

Thank You!
Your request will be handled as soon as possible
Hagerty Insider Newsletter
Your weekly dose of auction reports, market analysis, and more.
Share
Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.