Chassis Num: 54928
Engine Num: 22500/22501
Sold for $79,200 at 2007 Gooding & Company
Joseph Jarret Cole was born in 1869 and lived until 1925. He was a man who had a passion for automobiles and for flying. He is credited with being the first Automobile Manufacturer to have one of his engines installed into an airplane and the first Auto Manufacturer to fly cross country.
In 1904, he purchased a carriage company and renamed it to the Cole Carriage Company. By 1908, the company had entered into automobile production. The following year, they had produced 176 vehicles. The year after, there were 1860 units built. Their best year was in 1917, when 4193 examples were built. Most of the years, production hovered around 1,000 - 3,000 vehicles.
The Cole Series 30 was very successful in racing. Bill Endicott drove a car to an overall victory at the 24 Hour race at Brighton Beach, New York.
The company's operations were in Indianapolis, Indiana. Among their achievements, they provided the first automobile to a US president - President William Taft in 1910.
In 1910, with financial backing from Harvey Firestone, production soared to 783 for the year. The Thirty would remain in the model line-up until it was replaced by the more powerful Forty in 1912. The following year it was joined by the four-cylinder Fifty and six-cylinder Sixty that took Cole farther up-market.
Cole continued their ascent into the luxury car segment with their introduction of the Model 8-50 in 1916. It was powered by a new V8 engine co-designed by chief engineer Charles Crawford, though it was manufactured by GM subsidiary Northway Motor. Northway Motors was also responsible for Cadillac's V8. For 1917, Cole only offered the V8 engine for all its models. By 1919, the V8 engine was used in the 870 which consisted of seven different body styles. The Sportster model sold for $2,595.
This 1919 Cole Aero Eight Model 872 Sportster is painted in red with black fenders and was treated to a restoration in the 1960s. In the early 1990s the engine was built by Tom Holthaus of Quality Machine. It received a higher compression and an engine rebalancing.
It is believed that this car was once part of the Harrah's collection. Another claim is that the second owner of the car was the Denver Police Department.
There are only 70 or so known Cole's left in existence and this example is the only known for 1919 four-passenger Sportster. Also, it is the only known Cole with a second windshield.
In 2007, this Aero Eight Sportster was brought to the Gooding & Company auction held in Pebble Beach, CA where it was estimated to sell for $60,000 - $80,000 and offered without reserve. The lot was sold for $79,200 including buyer's premium.By Daniel Vaughan | Apr 2008
In 1915, Cole introduced its own V-8 engine that was similar to the Cadillac engine. The reason for this was that Cole purchased its engines from the general Motors Northway Division which built Cadillac engine. On several occasions, Mr. Cole refused William C. Durant's offers to have Cole become a division of General Motors.
In 1919, the Cole was second only to Cadillac in sales of luxury cars.
This 1919 Aero-Eight Cole is a Model 885 Toursedan. It has large Westinghouse air shock absorbers and a wheelbase that measures 127-inches. Power is from an 80-horsepower engine.By Daniel Vaughan | Nov 2010