In 1954 the Cadillac Eldorado special two-door Convertible Coupe with seating for five was offered for sale at a price of $5,738. Total production reach 2,150 ensuring this was a very exclusive automobile and re-assured everyone that Cadillac was the 'King of Luxury Cars.' It had styling that was bold, elegant, and appealing. A large amount of chrome made it instantly recognizable and the powerful V8 engine meant its luxury was backed by unsurpassed performance.
The name 'Eldorado' was in honor of the mythical City of Gold. When most cars of the era offering equipment as optional, the Eldorado offered it as standard. Included in the list were windows that could be opened or closed with the touch of a button. Power assisted steering and brakes meant this larger vehicle with a 115-inch wheelbase was easy to drive. The radio had a travel-tuner that would stop when a power transmitter was intercepted. The antenna could be raised by the touch of a button. The Autronic-Eye system would automatically dim the headlights when approaching motorists were detected. Kelsey-Hayes chrome wire wheels could be found on all four corners, with the rear quarter panels covered with bright aluminum trim. An optional Sport-Deck tire carrier, commonly known as a continental kit, was offered for those who wanted to travel.
This particular 1954 Cadillac Eldorado Convertible was offered for sale at the 2007 RM Auctions held at Meadow Brook. The estimated value was set at $60,000 - $80,000 and offered without reserve. There is a 331 cubic-inch overhead valve V8 engine capable of producing 210 horsepower. There is a hydramatic automatic gearbox and four-wheel power assisted drum brakes. It has an older restoration that has been well maintained and appears in good condition. It is finished in red and fitted with white leather interior in factory correct pattern.
At auction the estimated value proved to be accurate as the car was sold for $71,500 including buyers premium.