Attending collector car auctions is one of my favorite ways to enjoy the hobby. Compared to classified ads or car corrals, where sellers can shoot for as high an asking price as they dare, an auction result is a concrete data point: on that day, a seller was willing to sell a vehicle at a price that a buyer was willing to pay. This year, as I have done so many times in the past, I attended the RM-Sotheby’s auction at the Hershey Lodge, held on October 8 and 9 during Hershey week.
RM-Sotheby’s conducts auctions around the world, but at Hershey, they specialize in pre-war and early post-war American iron. There was a large collection of convertibles from the late ‘40s/early ‘50s, apparently from a single collection (another growing trend as older enthusiasts age out of the hobby). As you read the results below, you can presume that, at least cosmetically, most of these cars were in Number 2 or Number 1 condition, which is to say, they looked great. Mechanically, the best one can do is to observe the RM staff as they start and drive these cars up to and across the auction block.
A word about pre-sale estimates: every vehicle is given a price range, clearly displayed on the windshield placard. Savvy bidders know that this is just an estimate, and that the auction company, in an attempt to encourage bidding, might push the estimates a bit over expectations. I documented the sale of twenty cars, and the spread is interesting: of these twenty, eight sold below the low estimate; seven sold within the estimate range; and five sold over the high estimate. Were there deals? Possibly, provided that there weren’t too many hidden surprises once the new toy arrived home. I still maintain that buying a car at auction, while slightly risky, has the potential to reward the educated buyer who can bid with a level head.
As always on Richard’s Car Blog, results are arranged in sale price order from low to high, a detail that you will not find anywhere else. Sale prices shown are “hammer” prices, and do NOT include the 10% buyer’s premium owed to the auction house.
LOT 123, 1951 Pontiac Chieftain 4-door sedan, estimate range $15-20,000
SOLD for $15,500
Sold for only $500 above the low estimate. A rather ordinary car in drab colors, but in very nice condition. For the Pontiac collector who doesn’t have one.
LOT 124, 1952 Studebaker Commander convertible, estimate range $25-35,000
SOLD for $17,500
The red over red looked dashing. The top color was not noted. This car hammered for $7,500 under its low estimate, and was only $2,000 more than the Pontiac. I know which one of the two I would prefer.
LOT 136, 1930 DeSoto CF Eight roadster, estimate range $25-35,000
SOLD for $25,000
Sold right at low estimate, car looked ready to drive in the next local parade. A nice and somewhat unique alternative to a Model A Ford.
LOT 253, 1931 Dodge Six Series DH Coupe, estimate range $25-35,000
SOLD for $26,000
Sold a grand above low estimate. Car appeared to be in excellent condition, but: I could not get past the FIVE different exterior paint colors (including the wheels). The body was a lighter red over a darker red, the two colors separated by green. The fenders were black, and the red wheels, to my eye, appeared to be a shade of red different than the body. Someone liked it enough to bring it home.
LOT 131, 1950 Frazer Manhattan convertible sedan, estimate range $40-60,000
SOLD for $30,000
I can only guess that Frazers play to a very narrow audience. Still, this was a rare car in a rare body style. Winning bid was a full $10,000 below the low estimate.
LOT 262, 1953 Hudson Hornet Twin-H Club Coupe, estimate range $40-50,000
SOLD for $35,000
One of three Hudsons covered here, and the one which sold for the least, five grand below low estimate. The two-door body style looked sporty, and the yellow fog lights and windshield visor added to that sportiness.
LOT 129, 1950 Hudson Commodore convertible, estimate range $60-70,000
SOLD for $40,000
At a full $20,000 below low estimate, and only $5,000 more than the Hudson hardtop above, someone got a very nice immediate post-war droptop at a fair price.
LOT 301, 1940 Ford Deluxe convertible, estimate range $50-60,000
SOLD for $42,000
I follow these pre-war Ford V8s a little bit, and prices are certainly off their highs of several years ago. I would guess that five or six years ago, this car could have fetched $60,000. Someone took advantage to grab this car at $8,000 below low estimate.
LOT 258, 1939 Ford Deluxe convertible, estimate range $35-45,000
SOLD for $42,500
Just one year older than lot 301 above, and look at the difference in the estimate range. While the ’39s will never be as desirable as the ’40s, this was still a good-looking automobile. and actually sold for $500 more than the ’40.
LOT 151, 1931 Chrysler CD Deluxe Eight coupe, estimate range $40-50,000
SOLD for $45,000
Sold right in the middle of the estimate range, these early Chryslers are handsome and stately cars. This would be a nice ride for a Glidden tour.
LOT 134, 1932 Plymouth Model PB Sport roadster, estimate range $35-45,000
SOLD for $50,000
The first of our cars to have hammered above the high estimate (by $5,000), this droptop was striking in its two-tone blue and white. Even the wire wheels were white, lending a jaunty look to the car. This early Plymouth sold for more than both the ’39 and the ’40 Ford convertibles.
LOT 160, 1960 Ford Thunderbird convertible, estimate range $40-60,000
SOLD for $52,000
The optional Continental kit did nothing to improve the looks of this final-year Squarebird. I follow sales of the ’61 through ’66 T-Birds a bit, and I thought that the pre-sale estimates here were high, making it a surprise to me that this car hammered mid-estimate.
LOT 149, 1941 Packard Super Eighty 180 Touring sedan, estimate range $40-50,000
SOLD for $52,500
Packards of all ages remain very collectible, but values vary wildly based on year, powertrain, and body style. I found this car to have a certain appeal, but I’m not certain if the two-tone green was a factory choice. Interior was especially nice. The car sold for $2,500 above high estimate, which was still a fair price.
LOT 303, 1954 Packard Caribbean convertible, estimate range $60-75,000
SOLD for $55,000
There is usually one Caribbean at every high-end auction, and this one stood out for its rather plain colors (in two-tone rather than the more frequently-seen tri-tone). Values have dropped; that estimate range would have been more accurate several years ago. Sold for $5,000 below low estimate, and interestingly, only $2,500 more than lot 149 above.
LOT 269, 1966 Chrysler 300 convertible, estimate range $30-40,000
SOLD for $57,500
A non-letter 300, but still impressive in every way: size, power, comfort, image. I wasn’t in the room for the bidding, but I can only wonder if there was a bidding war, as this car hammered for an impressive $17,500 above its high estimate.
LOT 130, 1948 Chrysler Town and Country convertible, estimate range $70-80,000
SOLD for $70,000
A lot of Mopars at this auction! These woodie convertibles have always had a following. Like some other cars from this time, values are down. I remember when these were easily six-figure cars. Hammer price just reached low estimate, which looks fair to buyer and seller.
LOT 246, 1952 Hudson Wasp Twin-H two-door Brougham, estimate range $40-60,000
SOLD for $100,000
This was the only car of the several dozen I inspected which showed some serious paint and sheet metal defects (see lead photo), which made the hammer price a head-scratcher, until I read that this car was once owned by Steve McQueen (a fact surprisingly omitted from the windshield placard). In that light, I’m surprised that it didn’t bring more.
LOT 189, 1954 Aston Martin DB2/4 hardtop, estimate range $125-200,000
SOLD for $100,000
I used to turn my nose up at these early Aston Martins, especially compared to the DB4, 5, and 6 cars, but over time my opinion of them has softened. Last October, RM sold a similar car for $160,000, making this one look like the bargain of the day at $100,000, twenty-five grand below low estimate. Let’s see, if I sold my Alfa….
LOT 162, 1965 AMC (Rambler) Ambassador 990 convertible, estimate range $40-60,000
SOLD for $102,500
The shock of the show! Yes, it had factory A/C, and was in excellent condition, and would be impossible to duplicate, but still …. This sale price, $42,500 above high estimate, handily beat most every other American ’50s-’60s convertible in this auction. Wow.
LOT 297, 1937 Cord 812 Supercharged Cabriolet, estimate range $250-300,000
SOLD for $190,000
The 810 and 812 Cords of 1936 and 1937 will always be collectible. This one, in supercharged form, was in a stunning color combination. But here was a case where I think RM went overboard in its pre-sale estimates. Historically, the roadsters and cabriolets have sold between $150,000 and $200,000, making this hammer price market-correct.
This concludes the Hershey reports for 2025. I hope you enjoyed the articles and photographs.
Entire blog post content copyright © 2025 Richard A. Reina. Text and photos may not be copied or reproduced without express written permission.



































































































































































































































































































































































































































