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1916 Locomobile Model 38 background image

1916 Locomobile Model 38 Custom Roadster

  • Coachwork by Healey & Co
  • Chassis Number: 10865
  • Engine Number: 8845
1916 Locomobile Model 38 Navigation
The Locomobile Model 38 had a generous 140-inch wheelbase chassis and was powered by a robust 425 cubic-inch six-cylinder engine offering 63 horsepower. Although slightly smaller and less powerful than its Model 48 sibling, the Model 38 was among the most expensive on the market with prices that ranged from $4,400 to $5,700.

This Model 38 wears custom roadster coachwork by Healey & Co. of New York City, a company that was founded in 1849 to build high-quality carriages and coaches. They later switched to automobile body production and ceased production by the mid-1920s.

The original owner of this Model 38 was R. Bleeker Rathbone, an insurance executive from White Plains, New York. Around 1930, it was purchased from a junkyard in Rockville Centre, New York by a teenage Donald Cardwell. Mr. Cardwell named the Locomobile 'Pegasus,' reflective in the 'Pegasus' radiator badge and Pegasus hood ornament that remain on the car today.

The Locomobile was put into storage by 1938 and did not see use again until after World War II. In 1947, Mr. Cardwell returned the car to the road briefly, with 1949 being its final registration for road use.

'Pegasus' was extracted from the Cardwell carriage house in Massapequa, New York, in 2009 when it was sold to Walter McCarthy. The car was quickly sold to Mark J. Smith and remained with him until his passing in 2021. It was displayed at the Antique Automobile Club of America museum when displayed in the 2017 exhibition, Garage Finds: Unrestored Treasures that Survived Time, but it has not been shown since.

This Locomobile Model 38 is in highly original condition, finished in a blue-green tone that may well be its original paint. There is original tufted leather upholstery, original side curtains, and an original top boot cover. The rumble seat is concealed below the tapered rear deck, and there is a fold-down windshield and dual rear-mounted spare tires.

By Daniel Vaughan | Dec 2023

2023 Gooding & Company : Pebble Beach

Pre-Auction Estimates :
USD $225,000-USD $250,000 
Sale Price :
USD $117,600

Recent Sales of the Locomobile Model 38

(Data based on Model Year 1916 sales)
1916 LOCOMOBILE MODEL 38 CUSTOM ROADSTER
Chassis#: 10865
Sold for USD$117,600
  2023 Gooding & Company : Pebble Beach
1916 Locomobile Model 38 image  1916 Locomobile Model 38 image  
1916 Locomobile Model 38 Collapsible Cabriolet
Chassis#: 10850
Sold for USD$473,000
  2018 Worldwide Auctioneers : Pacific Grove Auction
1916 Locomobile Model 38 image  1916 Locomobile Model 38 image  

Locomobile Model 38s That Failed To Sell At Auction

1916 Locomobile Model 38's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High

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1916 Locomobile Model 38

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1916 Locomobile Model 38 Vehicle Profiles

1916 Locomobile Model 38 vehicle information
Custom Roadster
Coachwork: Healey & Co
Chassis #: 10865
Engine #: 8845

Vehicle information, history, and specifications from concept to production.