A series of sale in New York have taken the company’s Asian art sales total to more than $100 million in 2014.
|Cadillac is an American vehicle marque owned by the manufacturer General Motors.
Cadillac is the name that Henry Leland gave to a car model he designed in 1902. Cadillac auto mobile company was named in honor of Antoine Laumet de la Mothe Sieur de Cadillac who was Leland’s ancestor and the founder of Detroit City in Michigan. The company was founded on the remnants of the Henry Ford Company which had been dissolved a little earlier on. During the span of time that Leland and Faulkner worked to appraise the plant, Henry Leland managed to convince Ford and his financial backers to carry on with the automobile business. He offered his proven single-cylinder engine as a possible point of renewal.
Since inception, Cadillac was owned by the Henry Ford Company which was basically in the legal property of Messers Henry Ford, William Murphy and Lemuel Bowen. In 1909 the General Motors conglomerate purchased Cadillac and made it its prestige division. The Cadillac line became GM’s production department for large luxury vehicles as well as institutional ones of the limousine, ambulance and hearse varieties.
From the word go, Cadillac became synonymous with precision and fineness. That must’ve been the reason why in 1917, the US military chose the Cadillac Type 55 Touring Model for the American Expeditionary Force over in France. In 1926, Harley Earl designed a new smaller companion marquee and named it the La Salle. This car stuck around until 1940. Motor Trends magazine gave the 1949 ‘Car of the Year’ award to Cadillac which the company turned down.
Throughout the fifties, Cadillac had taken its place as the classic American automobile. The millionth Cadillac was produced in 1950 and named Coupe de Ville. Since the late forties, through to the 50’s, tailfins were a fad but they were later replaced by the front wheel drive Eldorado in 1967. Other notable models include the 1972 Fleetwood and Calais, 1960 Series 62, Cadillac BLS and Cadillac DTS. These two last models belong to the Art and Science Era.
Notable Auction Sales
A list of auction sales for Cadillacs produced in the 1930s puts the lowest sale at $75,000 while the highest fetched a staggering $682,000. Sometime in 2007, Bonhams & Butterfields had a 1932 Cadillac Series 452B on auction. It was estimated to fetch anything in the range of $120,000 to $150 000. As it happened, the hammer fell at $75,000.
On the other hand, a 2006 RM Auctions transaction had estimated a 1933 Cadillac V16 Convertible Phaeton between $450,000 and $600,000. The sale was executed at $682,000.
Popularity with Collectors
Cadillac’s popularity especially with the American people is written in bold capital letters as a pubic art installation and sculpture in Amarillo, Texas. The Cadillac Ranch was created in 1974 by Chip Lord, Hudson Marquez and Doug Michels. The idea was to commemorate the evolution of the car line with especial concern for the inception and demise of the tail fin.
Courtesy of the distinctive winged and bullet style characteristic of this model, it is widely considered as a popular American classic and a favorite Antique as well. Besides extensive use of chrome on the Cadillac, most collectors attributed their fascination to the racing connection. Other are convinced that Cadillac designers of the fifties chose to go the suggestive way by designing women breasts on Cadillac bumpers. This assertion results from the sheer enormity of the bumpers.
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