1960 Oldsmobile Ninety-Eight

RM Sotheby's Amelia Island 2021
Saturday, 22 May 2021
Sale Price
$75,000 - $100,000
Est. Range
22 May 2021
Sold Date
Lot Number
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
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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.
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.