Packard Eight sells for $155,599 on Bring a Trailer — was it a deal?
The 1929 Packard Deluxe Eight 645 Dual-Cowl Sport Phaeton sold for $155,599 at auction, and that price feels like strong money given its unique spec and rich history.
This Packard is a true gem from the late 1920s, featuring coachwork by Dietrich, which is a big deal among collectors. It’s powered by a robust 384.8ci L-Head Inline-Eight engine paired with a three-speed manual transmission. These elements matter because they represent the craftsmanship and engineering prowess of the era. The low mileage of just 191 miles shown — although noted as TMU (true mileage unknown) — adds to its allure. The striking red and maroon paint, complemented by tan leather upholstery, along with features like dual side-mount spares and a fold-down luggage rack, make it a standout in any classic car gathering.
The bidding was lively with a total of 36 bids, showing that there’s still plenty of interest in such rare collectibles. With a fair value estimate of $160,000, selling for $155,599 puts it 3% below market expectations. This suggests that while the sale price is on the higher side, it’s not out of line for a car of this caliber. Buyers are often willing to pay a premium for iconic models, especially ones with a documented history and rare features.
Community feedback was positive, with one comment standing out: "Congratulations on your new 1929 Packard. There’s really nothing quite like owning and driving one of these great automobiles." This reflects a shared appreciation among collectors for the experience these cars offer, which is often as valuable as the car itself.
For buyers on the hunt for a similar classic, make sure to thoroughly check the car's history and condition. Verify any restoration work done, especially if the mileage is TMU. Understanding the provenance can significantly impact future value. Also, watch for details like the originality of parts and any signs of wear that might not be immediately apparent but could affect your enjoyment and investment in the long run.
See all Packard Eight listings on [Friday's Watchlist](https://fridayswatchlist.com/search?make=Packard&model=Eight).
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