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Hard to Find: The 1953 Eldorado

Cadillac month continues and this week, we profile one of the more rare Cadillacs:  the 1953 Eldorado:

 

The car that started the Eldorado dynasty is one of the most sought-after mainstream post-war American cars. Built for just one year, only 532 examples left the Cadillac factory in Michigan, making it extremely rare today. 

This beauty was not built for the masses, as it carried a sticker of $7,750. Twice the price of a Cadillac 62 Convertible and several times the price of the average family car at the time, Cadillac justified the cost by standardizing all of the options of their other models and added a cut-down "Panorama" windshield and metal top cover.

Overall, the 1953 Eldorado gets four out of four stars across the board for reliability, maintenance costs, parts/support and market appeal. Prices for recently sold examples range from $104,000 to $495,000, though the most common prices are under $200,000.  A reasonable benchmark is the Aztec Red model sold by RM Auctions last summer for $148,500.    Many buyers are trying to complete a so-called "American Triple Crown" collection that also includes a '53 Buick Skylark and the '53 Oldsmobile Fiesta.  A private sale is probably a better bet for bargain-hunters, but the best examples will likely be found at one of the premier auctions.  We're trying to locate a 1953 Eldorado for sale and will have more to report on this rare model later this week.

For more information about these and other classic cars, check out our mobile apps for your iPhoneiPad, or Android device.

(Car summary courtesy of Sports Car Market magazine)

Jeff Walker

About Jeff Walker

Jeff Walker is a Classic Car Insurance Specialist and financial services professional; As the son of a Drag-Racer and auto restorer, he was born with a wrench in his hand and learned the trade at an early age. His specialty is 60’s and 70’s American Muscle but his mechanical ability has afforded him the opportunity to work on all types of cars from Alfa-Romeos to Gullwings and everything in-between. Jeff is also a motorcycle fanatic and maintains his own stable of classic & collectible bikes. He is happiest when a car or motorcycle project is underway in his garage.

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