Bonhams | 2018-06-03 | Greenwich Concours d'Elegance Auction | Venue : 100 Arch Street, Greenwich, CT 06830
Lot No. : 122
Year : 1932
Engine Size : -
Chassis No. : #7526446
Estimate : US$ 110,000 - 150,000


298.6 CI Straight 8 Engine
Single Stromberg Carburetor
100bhp at 3,400 RPM
4-speed Manual Transmission with Freewheeling
Semi-Elliptical Leaf Springs Rear and Front Suspension
4-wheel Hydraulic Drum Brakes
*Superbly Restored with under 500 Miles
*Lovely Original Color Combination
*Elite Chrysler Luxury Model with Pioneering Features
*Accompanied by First Edition Manual and Restoration Photo Album
*AACA Award Winner
This lovely Chrysler CP8 presents today in its original factory color combination, a dark blue body with mid-blue fenders and elegant dark rose pinstriping. The top is black and the upholstery black leather, as per factory specifications. This 1932 model bears the original straight-8, naturally aspirated engine coupled with the factory 4-speed transmission with the unique gas saving feature of a 'dash button-controlled freewheeling' system, permitting the driver to disengage the gears when cruising downhill at the touch of a button. Most surviving examples have had this mechanism either removed or disabled, but this CP8 continues to sport a fully functional freewheeling system.
Although much of its early provenance is undocumented, it is believed the car was owned by Pennie Parnes of Havertown, Pennsylvania prior to 1987. It was then sold to Marvin Jelnek of Omaha, Nebraska, who orchestrated a meticulous restoration on the CP8. He had the frame removed and all components thoroughly surveyed and replaced or restored as necessary. The brightwork was exquisitely reworked and the car was painted in its original two-tone blue livery. The entire process was carefully documented in a photo-journal, including images of the car prior to and post restoration.
In 1990, the Chrysler convertible, chassis 7526446, was acquired by Robert Hibbard of Nesconset, New York, who exhibited the car in 1992 at the Antique Automobile Club of America and won the National First Prize in the Senior Class. The car was then placed in secure storage and remained with Hibbard until 2017, when it was acquired by the current owner with 146 miles on the odometer. Predictably, the seller reports that this rare CP8 is in excellent condition with the engine, transmission, chassis, suspension, brakes and electrical system all 'as new'. The paint and brightwork are still superb, showing only minor wear. The car has remained in storage, coated in Cosmoline to inhibit deterioration, until very recently when it was recommissioned and fastidiously prepared for offering at auction.
With fewer than 200 miles on the restoration, this gorgeous 1932 Chrysler CP8 is extremely desirable and collectible, but is also superbly suited for events and shows, where it will most assuredly be prized and admired.

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