15 Apr

OLDSMOBILE MARKET VALUES

  • By: Lisa Thornton
  • Blog

The new King of the proverbial  “Oldsmobile Hill ‘  is a beautiful restored 1912 Oldsmobile Limited.  It was sold at RM Auction for $3.3 million dollars in 2012.  The Oldsmobile Limited is a extremely high-end luxury car that featured a huge 140′ wheelbase and a 60 HP 707 CID 6-cylinder engine.  There were only 140 built that model year, each cost $6,300 an astounding amount of money considering Henry Ford’s model T retailed for about $900.  RM Auctions mentions that this car was a class winner at Pebble Beach Concours d’Elegance.  The car was offered from the Milhous Collection.  That collection purchased the vehicle in 2006 for $1,265 million dollars.  Outstanding appreciation ( $2,035 million ) in just 6 years !!

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