Misallocation

1956 Packard Four Hundred

Sold at RM Sotheby's on Sept. 5, 2021, offered with no reserve.

$15,400Confirmed

The price as reported by the house. Hammer price $13,750, before the buyer's premium. Read from the house's results Oct. 26, 2026.

The car

Year
1956
Make and model
Packard Patrician and Four Hundred
Generation
Patrician and Four Hundred (1951 to 1956)
Version
Patrician and Four Hundred (1951 to 1956)
Chassis
56871932
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 5 comparable sales, 15% over its top.

Middle half of sales$8,900 to $12,000
Median$10,500
Sales behind it5Likely

From 5 sales of the Packard Patrician and Four Hundred (1951 to 1956) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $8,900 and $12,000.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1956 Packard 400 HardtopMecum, Dec. 5, 2024MecumDec. 5, 2024$8,900
1955 Packard PatricianBring a Trailer, Oct. 15, 2026Bring a TrailerOct. 15, 2026$17,000
1955 Packard 400 HardtopMecum, Dec. 5, 2025MecumDec. 5, 2025$5,600
One-Family-Owned 1955 Packard PatricianBring a Trailer, June 4, 2025Bring a TrailerJune 4, 2025$12,000
1953 Packard PatricianBring a Trailer, Nov. 13, 2025Bring a TrailerNov. 13, 2025$10,500