This 1940 Lincoln Continental Convertible was offered for sale at the 2007 RM Auctions held at Meadow Brook where it was offered without reserve and estimated to sell between $70,000 - $85,000. The car is powered by a twelve-cylinder L-head engine with Holly downdraft two-barrel carburetors with the engine displacing 292 cubic-inches and capable of producing 120 horsepower. There is a three-speed sliding gearbox and four-wheel Bendix hydraulic internal expanding brakes.
This is one of the earlier hand-built models and sits on chassis number 81. The car was originally purchased with a radio, clock, power top, and the heater delete. This Continental Convertible has retained its original black exterior color with burgundy interior and black convertible top. It has been treated to a partial restoration that included some of its components, including a rebuilt engine brakes, fuel system, and re-wiring.
It has never been judged or shown but it is considered by the Classic Car Club of America as a Full Classic. At auction the car was sold for a high bid of $66,000.