Misallocation

1948 Mercury Woody Wagon

Sold at Mecum Auctions on March 20, 2026.

$66,000Confirmed

The price as reported by the house. Hammer price $60,000, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1948
Make and model
Mercury Mercury Eight
Generation
Eight (1939 to 1951)
Gearbox
Manual
Chassis
899A21947090
Condition
Good (3)Likely

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

Against comparable sales

Above the middle half of 83 comparable sales, 67% over its top.

Middle half of sales$17,750 to $36,000
Median$26,000
Sales behind it83Likely

From 83 sales of the Mercury Eight Eight (1939 to 1951) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $17,750 and $36,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1948 Mercury Eight Sedan CoupeBring a Trailer, Nov. 2, 2026Bring a TrailerNov. 2, 2026$5,700
1948 Mercury Eight Woodie WagonBring a Trailer, Oct. 24, 2026Bring a TrailerOct. 24, 2026$52,200
1948 Mercury ConvertibleMecum, Jan. 14, 2026MecumJan. 14, 2026$24,000
1948 Mercury ConvertibleMecum, Jan. 8, 2025MecumJan. 8, 2025$21,500
1948 Mercury ConvertibleMecum, May 16, 2026MecumMay 16, 2026$19,000
1947 MERCURY EIGHT CUSTOM CONVERTIBLEBarrett-Jackson, April 17, 2026Barrett-JacksonApril 17, 2026$30,000
1947 MERCURY EIGHT CONVERTIBLEBarrett-Jackson, Jan. 20, 2026Barrett-JacksonJan. 20, 2026$23,500
1949 Mercury Eight CoupeBring a Trailer, Dec. 22, 2025Bring a TrailerDec. 22, 2025$22,000