Almost a half-century ago this car saved the car company. And even today, it may hold it running. In 1960th Glenn Pray from Tulsa came across a wild idea: he wanted to buy remains of nonfunctioning Auburn-Cord-Duesenberg car company.
Almost a half-century ago this car saved the car company. And even today, it may hold it running.
In 1960th Glenn Pray from Tulsa came across a wild idea: he wanted to buy remains of nonfunctioning Auburn-Cord-Duesenberg car company. As he didn’t have enough money to buy what he wanted, the man had to sell his 1937 Cord 812 Supercharged Convertible Phaeton. This car was considered to be the best Cord in the world.
The new owner of the car was a local TV station owner and car collector Jimmy Leake. He gave Pray about $8,000. That time it was the highest price for this car model. In 1962 the car was sold again.
As Pray was busy giving a second breath to his company, he lost the track of his favorite car. About 350 Cords were built by his company, but Pray never forgot the car, thanks to which he achieved everything.
With the help of Cord fans, in 1968 Pray tried to find his car again but had no success. In 2011 Glenn Pray died. His son, Doug, took the control over father’s company which now aims to sell parts of Cords and Cords themselves. Doug was featured in the popular TV show “American Pickers.”
Once he got a call from some man in Michigan. He said that he had that Cord in his dusty floor barn. The man also mentioned that he bought the car at the estate sale in 1965. The Cord was untouched for about 45 years.
Pray was just over the moon to find his father’s dream. For him it wasn’t just dad’s lost car. After he had checked the records, it turned out that his dad really had possessed that old Cord long ago so Doug immediately drove to Michigan and bought the car for six figure price. The man who sold the car said that was the biggest check he had ever seen.
Now the car is in Tulsa. But the condition of it is rather bad. Restoration seemed to be too expensive to afford. A lot of people came to see the Cord but his family made a decision to sell it again. The reason is simple: they need to reinvest part of the proceeds back into the company. People will have an opportunity to buy it at a Leake Collector Car Show & Auction in Tulsa in June.
But still, Pray is going to follow the car and maybe, in future, he will purchase it again.