Can anyone possible advise what the approx value would be of a 1931 V12 Dual Cowl Sport Phaeton. The vehicle is in original condition, 99.9percent complete, and has been garaged for the past 40 years.
A ballpark figure would be from $2.000 to $200,000, depending on operabiliy and condition. All joking apart, it depends on how much the vendor wants for the car and how much the buyer is willing to pay for it.
Yanns certainly right about what the traffic will bear, but heres Mannheims Gold Book of Classic Car Values opinion:
1932 370B Sport Phaeton (3/13 left) August 2006
Fair $110,000
Good $134,000
Exc $186,000
Show $203,500
Loan $120,000
Everything depends on THE car in question. Mannheims will only give you a ballpark figure for a given year, body style and condition. Take the 1937 V-16; Mannheims estimate for a show condition convertible sedan is $180K. They dont rate the convertible coupe, nor any custom coachwork on that years Cadillac chassis. The 1937 "Swiss" V-16 roadster, by Hartmann, was offered sold in the 80s for $3.5 million (Ken Behring of the Blackhawk Museum is said to have bought it for $1.4 million); thats a far cry from $180K for an equally desirable convertible sedan. It has to be noted, however, that Cadillac built only FIFTY V-16s in 1937, which makes each one of them VERY rare and VERY desirable. I dont have the production total for the 1930-31 V12 d/c phaeton but using the V-16 production figures as a guideline, Im guessing the sport phaeton accounted for no more than 2percent to 2.5percent of the total (being 5733 units), so that would be around 140-145 units. Estimating the survival rate at about 10percent of the total, that would mean there are perhaps a dozen of these superb models cars still around, from "fair" to "show" condition. Ken, you may want to have a look at these two Web pages for more info on the Cadillac V-12:
http://www.ultimatecarpage.com/frame.php?file=car.php&carnum=1245http://www.100megsfree4.com/cadillac/cad1930/1931/cad31a1.jpg
Many thanks Yann & Rusty.
I have the opportunity of buying one of these to partner the 1928 341-A that I am restoring. The asking price is US130K. Although the vehicle is 99.99percent complete, it will need a 6 figure restoration to bring it back up to scratch.
Given this, I think that the US130K is a bit much to ask & was thinking more around the US75K - US 85K.