19-20 January 2017

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Lot 128

1932 Cord L-29 Cabriolet

  • Chassis no. 4987
  • Serial no. 2930287
  • Engine no. FFA 5206

Sold for $236,500

125 bhp, 322 cu. in. side-valve inline eight-cylinder engine, front-wheel drive, three-speed transmission, quarter-elliptical front leaf springs at the front, with rear semi-elliptical leaf springs, and four-wheel hydraulic drum brakes. Wheelbase: 137.5 in.

  • Believed to have been the last Cord L-29 cabriolet built
  • The most desirable late-production specification; larger, more powerful “FF” engine
  • An Arizona resident since the 1970s; current ownership for 15 years
  • Multiple award-winner in Southwestern concours d’elegance
  • Ideal for Auburn Cord Duesenberg Club (ACD) and Classic Car Club of America (CCCA) activities

This cabriolet, serial number 2930287, was produced only some 20 units before the last Cord L-29 serial number and may well have been the final L-29 cabriolet built, as no other is known to have a later number. Like all L-29s from mid-1931 forward, it was equipped with the very desirable “FF” engine: a bored-out 322-cubic inch unit that was stronger than earlier versions, could reportedly produce more horsepower, and came with a more efficient exhaust manifold.

The Cord was acquired by its current owner from Thomas F. Olson of Scottsdale, who had completely restored it to original condition after inheriting it from his father, Robert, a resident of Paradise Valley. Robert S. Olson, the retired co-chairman of Ford Motor Credit Company, had acquired the L-29 in 1959, and eventually retired with it to Arizona. Altogether, the Cord has been in the Valley of the Sun since the early 1970s and in the present enthusiast's ownership for over 15 years.

While the car’s restoration is older, it remains extremely attractive; the rich cream and black finish is well preserved, aside from the expected minor chipping around the engine cover, and the blue leather interior is still beautiful. Chromed wire wheels and dual side-mounted spares, with fitted mirrors, as well as a black trunk, add to its period-correct flavor. Testament to its quality, the car has still been a favorite in Southwestern concours; it was exhibited in 2014 at the inaugural Arizona Concours d’Elegance, and later that year was an award-winner in the special Cord class at the Palos Verdes Concours d’Elegance, in addition to receiving the Chairman’s Trophy.

The Cord front-drive cabriolet is one of the hottest and most desirable Full Classics on the market today. That offered here is a particular special and important example, as one of the last built and to the most desirable specification, now for sale for the first time in two decades.

Please contact our exclusive automotive transportation partner, Reliable Carriers, for a shipping quote or any other information on the transport of this vehicle.

Alexander Weaver

+1 864 313 6844
California, United States

Alexander Weaver joined RM Sotheby’s in 2011 as a Car Specialist after graduating from Furman University in South Carolina. Born... read more

Augustin Sabatié-Garat

+44 (0) 74 1511 4179
United Kingdom

Augustin Sabatié-Garat joined RM Europe in 2012 as a Car Specialist after more than a decade in the collector car hobby. Gradua... read more

Barney Ruprecht

+1 203 912 7168
Ontario, Canada

Barney’s interest in classic cars began at an early age after being introduced to his father’s all-original 1965 Porsche 911. Barney l... read more

David Swig

+1 415 302 2247
California, United States

David Swig joined RM Sotheby’s West Coast division as a Car Specialist in May 2015. David is a life-long automobile enthusi... read more

Don Rose

+1 617 513 0388
United States

Don joined RM in 2006 after several years of professionally trading sports and classic cars, and after earning a reputation as a noted... read more

Donnie Gould

+1 954 566 2209
Florida, United States

Donnie Gould joined the RM team in 2002 as a partner and Car Specialist after more than two decades in the vintage automobile auction ... read more

Gord Duff

+1 519 352 4575
Ontario, Canada

Gord Duff began his journey with RM Sotheby’s in 1998. Since then, he has gained an intimate knowledge of a variety of marques a... read more

Jake Auerbach

+1 310 559 4575
California, United States

Jake Auerbach got his start in the automotive industry at an early age, spending his summers during high school working at a classic c... read more

Kurt Forry

+1 717 623 1638
California, United States

Having worked for Bonhams’ Automobilia department for over 10 years, Kurt Forry joined RM Sotheby’s with more than a decad... read more

Matt Malamut

+1 805 231 6410
California, United States

A long-time car enthusiast and Southern California native, Matt studied Automotive Technology at San Diego Miramar College and complet... read more

Michael Squire

+44 (0) 20 7851 7070
United Kingdom

Michael Squire joined RM Sotheby’s European Division in the summer of 2016. He comes to RM with a prestigious racing background ... read more

Mike Fairbairn

+1 519 352 4575
Ontario, Canada

As one of the three founding partners of RM Sotheby’s, Mike has a long-standing interest in the classic car industry. Graduating... read more

Oliver Camelin

+44 (0) 75 0110 7447
United Kingdom

With an extensive background in exotic sports car history and sales, a particular passion for American curves, and fluency in three la... read more

Paul Darvill

+44 (0) 20 7851 7070
United Kingdom

Paul Darvill joined the RM Sotheby’s European team at the beginning of 2015. Paul holds a degree in French and Politics from the... read more

Pete Fisher

+1 519 784 9300
Ontario, Canada

Pete Fisher was first introduced to antique cars in high school, working for Classic Coachworks in his hometown of Blenheim, Ontario. ... read more

Shelby Myers

+1 310 559 4575
California, United States

Shelby Myers grew up with the classic car industry infused into every aspect of his life. He had the unique opportunity to watch the R... read more

Tonnie Van der Velden

+31 653 84 19 60
United Kingdom

Tonnie Van der Velden joined RM Sotheby’s European division in September 2015 as a Car Specialist. A lifelong enthusiast, Tonnie... read more