Misallocation

1940 Lincoln Zephyr Convertible

Sold at Mecum Auctions on April 14, 2023, offered with no reserve.

$36,300Confirmed

The price as reported by the house. Hammer price $33,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1940
Make and model
Lincoln Lincoln-Zephyr
Generation
Lincoln-Zephyr (1936 to 1942)
Version
Lincoln-Zephyr (1936 to 1942)
Gearbox
Manual
Chassis
H103331
Condition
Excellent (2)Likely

Condition is our reading of the listing's description on Hagerty's 1 to 4 scale, not an inspection.

Against comparable sales

Below the middle half of 8 comparable sales, 59% under its bottom.

Middle half of sales$52,500 to $94,375
Median$78,750
Sales behind it8Likely

From 8 sales of the Lincoln-Zephyr (1936 to 1942) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $52,500 and $94,375.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1940 Lincoln Zephyr CoupeMecum, Nov. 1, 2025MecumNov. 1, 2025$100,000
1941 Lincoln Zephyr Convertible CoupeMecum, May 14, 2026MecumMay 14, 2026$20,000
1941 Lincoln Zephyr CoupeMecum, Jan. 18, 2025MecumJan. 18, 2025$92,500
1941 Lincoln Zephyr CoupeRM Sotheby's, Oct. 8, 2026RM Sotheby'sOct. 8, 2026$82,500
1941 Lincoln Zephyr ConvertibleMecum, Nov. 1, 2025MecumNov. 1, 2025$75,000
1941 Lincoln Zephyr CoupeMecum, May 17, 2025MecumMay 17, 2025$60,000
1938 Lincoln Zephyr CoupeMecum, May 16, 2025MecumMay 16, 2025$240,000
1937 Lincoln Zephyr Coupe SedanMecum, May 14, 2026MecumMay 14, 2026$30,000