The present owner purchased this Sport Phaeton model while he was still in high school. He later drove it to his prom. Many years later, it was put on display at the 2010 Pebble Beach Concours d'Elegance.
Despite being the most expensive Cadillac ever and despite being introduced during the clouded times of the Great Depression, 3,250 examples were sold in the 1930-31 series, catapulting the Cadillac marque toward almost total ownership of the U.S. luxury market.