1937 Lagonda LG45 Rapide / 12224 Chassis Information

Drophead Coupe
Chassis Num: 12224
Sold for $209,000 at 2017 Worldwide Auctioneers.
Alan P. Good and Dick Watney rescued Lagonda from receivership in the mid-1930s, outbidding Rolls-Royce to acquire it. They quickly re-organized the business as LG Motors and recruited W.O. Bentley as chief engineer, along with most of his former engineering staff at Rolls-Royce. Bentley re-developed the existing M45 in the improved LG45, offered in two wheelbase lengths measuring 129- and 135-inches. Improvements and modifications included softer springs, updates to the M45's 'twin-plug' 4.5-liter Meadows engine, and new Girling brakes.

Production of the LG45 lasted from 1935 through the end of 1937, in four batches or 'sanctions.' The Sanction 1 LG45 engines were similar to the M45. A twin-magneto ignition was added to the Sanction 2 cars, and the Sanction 3 introduced a completely redesigned cylinder head with directly-mounted carburetors. The Sanction 4 featured essentially the same engine as found in the Sanction 3. Gearboxes included the 'right hand' G9, Lagonda's first with synchromesh on third and top followed by the 'center change' G10 which added synchromesh to second gear.

Racing versions of the LG45 won its class at the French Grand Prix for sports cars and the Spa 24 Hours. They finished second in the Tourist Trophy, and beat Bentley at the Brooklands 500-mile race.

During the LG45 models production lifespan, just 278 examples were produced and as few as 100 active and working examples are known to exist.

This particular example was ordered on March 24th of 1937 and purchased on June 18th of 1937 by Richard Riegel, an American from Wilmington, Delaware. The next owner was Walter Emery who was working in the engineering department at Princeton University, reputed to have acquired the car from a Princeton student behind on gambling debts.

This LG45 subsequently lots its engine and fell into dereliction. It was later found along with 12232 (another LG45 Drophead Coupe) by Rudy Wood-Muller, who purchased both cars from the McGowan brothers of Branford, Connecticut.

The decision was made to restore 12224 from the chassis up including the engine and body of 12232. The work was completed in 1991 and the Lagonda embarked on a maiden voyage to France. After a main-bearing failure, the engine was switched from 12241, which powers the Lagonda today. After its return to the United States, the Lagonda was preserved and shown by Mr. Wood-Muller.
By Daniel Vaughan | Sep 2017

Chassis# 12224

2017 Worldwide Auctioneers : The Pacific Grove Auction
Estimated Value:$275,000-$325,000 
Sale Price$209,000

Analysis

Chassis number 12224 Auction Sales History
2017$209,000

2017 1
2016 1
2015 2
2012 2
2010 2
2006 1
2003 1

YearAvg. SaleHigh Sale# of Sales
2017$209,000$209,0001
2016$117,188$117,1881
2015$1,032,617$1,185,2332
2012$157,064$296,8022
2010$463,329$744,6882
2006$671,000$671,0001
2003$119,151$119,1511

Recent Sales

(Data based on Model Year 1937 sales)
1937 Lagonda LG45 Drophead Coupe
Chassis#: 12224
Sold for $209,000
  2017 Worldwide Auctioneers : The Pacific Grove Auction
    
1937 LAGONDA LG45 SALOON DE VILLE
Chassis#: 12257/G/10
Sold for $117,188
  2016 Bonhams - Goodwood Members' Meeting
 
1937 Lagonda 4½-Litre LG45 Rapide Tourer
Chassis#: 12173/R
Sold for $1,185,233
  2015 Bonhams : Bond Street Motor Car Sale
 
1937 Lagonda LG45 Rapide
Chassis#: 12245/G10S
Sold for $880,000
  2015 Gooding & Company : Pebble Beach Concours
    
1937 Lagonda LG45 Saloon De Ville
Chassis#: 12212/G10
Sold for $17,326
  2012 H & H Auctions - Rockingham Castle
 
1937 Lagonda LG 45 Rapide Specification
Sold for $296,802
  2012 Coys Auctions - Spring Classics
 
1937 Lagonda LG45 Rapide Sports Tourer
Chassis#: 12172
Sold for $744,688
  2010 RM Auctions - Sporting Classics of Monaco
 
1937 Lagonda LG45 Rapide Tourer
Chassis#: 12167/G10
Sold for $181,969
  2010 Bonhams - Automobiles d'Exception á Rétromobile
 
1937 Lagonda LG45 Rapide
Sold for $671,000
  2006 Monterey Sports & Classic Car Auction
    
1937 Lagonda LG45 Drophead Coupe
Chassis#: 12226
Sold for $119,151
  2003 Bonhams - Sports, Competition & Collectors' Motor Cars
 

No Sale

1937 Lagonda LG45 Rapide's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1937 Lagonda LG45 M45 Le Mans ReplicaLG45/SB/120382016 Bonhams : The Willi Balz Collection Public Tender Sale $100,000$150,000
1937 Lagonda LG 45 Rapide Specification 2013 Coys Blenheim Palace $165,000$185,000
1937 Lagonda LG45 4½-Litre Drophead Coupe12158/G102012 Bonhams Collectors' Motor cars and Automobilia at Goodwood $80,000$100,000

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