Heroshot

1960 Oldsmobile Ninety-Eight

Convertible
RM Sotheby's Amelia Island 2021
Saturday, 22 May 2021
$56,000
Sale Price
$75,000 - $100,000
Est. Range
No
Reserve
22 May 2021
Sold Date
126
Lot Number
#2+
Older restoration
RM Sotheby's
Auction House
Chassis no. 609M21498. Provincial White with white vinyl top over Metallic Burgundy and white. 394/315hp, V-8, automatic, finned wheel covers, whitewalls, power steering, brakes and windows, bench seat, WonderBar radio, power antenna, T-3 headlights.

Evaluation: 2014 AACA National First Prize #W28937. Excellent paint, chrome, and upholstery. The engine compartment is like new, as is the chassis. Impressive preservation of an outstanding older restoration.

Bottom Line: This is a good example that no one really knows what the value of a ’60 Olds 98 Convertible is. It sold at Barrett-Jackson Scottsdale in 2008 for $48,400, then at the same venue in 2014 for $77,000, then at B-J’s West Palm Beach auction three months later for $95,400 before coming up short in RM’s Online Only March auction with a high bid of $72,000. It’s a cool, well-equipped Olds that has been carefully preserved since a long-ago restoration, but it was time for it to go away and the buyer got a sound value. Why it brought $77 Large at Scottsdale 2014, much less $95,400 at Palm Beach is a mystery that can only be answered by the successful (?) bidders there.

by Rick Carey
29 May 2021
A story about

Leave a Reply

Your email address will not be published. Required fields are marked *

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:
Condition #2:
Condition #3:
Condition #4:
Condition #5:
Condition #6: