In 1924, when E.L. Cord arrived in Auburn, his first job was to sell off the 700 or so touring cars that were languishing in the company lots. He believed a little sprucing up of the inventory would get things moving, so he moved the cars one-by-one to the factory, jazzed them up by adding nickel plating and repainting some of them in flamboyant color schemes. Backed by a half-million dollar profit after paying its debts. Cord was promoted to vice president, and in 1926 he became president at age 32. Prior to his arrival at Auburn, the company had very few dealerships; most were garage owners that had one or two cars on hand.
Mr. Elliott personally restored this Auburn, which is powered by a 298 CID/115 HP Lycoming straight-eight made in Williamsport, Pennsylvania. This was the initial year of the Phaeton Sedan body style, which cost $2,295 when new.