Oldsmobile never gets much love when it comes to automotive enthusiasm. Sure, the company was behind the iconic 442 model, but Oldsmobile produced more family sedans, grocery-getters and Sunday-cruisers than anything.
While they may not be known for their unique, one-of-a-kind vehicles, the retired company did just see its highest record auction sale ever at the end of February at RM Auctions’ Boca Raton, Florida auction, thanks to a very special 1912 Limited Five-Passenger Touring car. As we found out from Autoweek, this vehicle that stood the test of time just sold for $3.3 million.
The Limited was the most distinguished Oldsmobile of its time. First offered in 1910, it came with a 505cui engine capable of churning out 60hp and an enormous stature with 42-inch wheels that couldn’t be overlooked. A touring car, roadster and limousine Limited were offered the first year, fetching prices between $4,600 and $5,800. This put the car in the company of Packard, Pierce-Arrow, and Peerless models.
For 1911, the engine was upgraded to a 707cui unit, although the horsepower-output remained the same. Prices for the Limited automobiles soared to between $5,000 and $7,000. The 1912 model year was the last of the Limited cars. Figuring out that money was to be had in the cheaper car platform, Oldsmobile only produced 140 Limited models that year.
The 1912 Limited Five-Passenger Touring car that crossed the block at the RM Auction held February 24th and 25th remains true to its original impressive stature and luxurious presence. Completely restored, it is the only Limited of its kind known to have survived and even features ultra-rare Castle gas headlamps known to have existed on only three Limited vehicles. On top of its rarity, the car also has a Pebble Beach class win and an Amelia Island Concours d’Elegance participation associated with it.
While RM Auctions estimated that the car would bring bids upwards of $1.4 million, the hammer finally dropped at an astonishing $3.3 million. That put the RM Auctions’ Florida auctions sales at $38.3 million.Although the Oldsmobile Limited stole the show, two other cars broke the $1 million mark. One was renowned automotive designer Ralph Roberts’ personal ’33 Chrysler Custom Imperial Five-Passenger Phaeton that sold for $1,210,000, while the other was a pristine ‘34 Cadillac Sixteen Custom Roadster that sold for $1,001,000.
Included in the final $38.3 million in sales was also a 1903 Ruth Style 38-B fair organ that sold for $1,265,000 and a 46-foot custom carousel that sold for $1,207,500.