Last Updated on 10/8/2006 by bidz

A Can’t-Miss Investment That Missed: The Case of the ‘Last Convertible’

New York Times
Published: June 18, 2006

“THIRTY years ago, amid a swirl of rumors that federal rollover rules would impose a death sentence on open-top cars, Americans lined up to buy what they believed would be the nation’s last large convertible, the 1976 Cadillac Eldorado.

…Today, Eldorado convertibles are frequently seen at collector car auctions. At a February sale by RM Auctions in Boca Raton, Fla., a 1976 convertible showing just 13,928 miles brought $25,680 including commissions. According to the Black Book Cars of Particular Interest Value Guide, a 1976 Eldorado convertible in good “weekend driver” condition is worth $14,750, a slight increase from the sticker price when new (albeit in much less valuable 2006 dollars).”

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