Equipment
Winkler windshield post-mounted trafficators, disc wheels, folding roof with fixed window frames, drum headlights, sliding door windows, fixed quarter windows, cloth upholstery.
Condition
Largely original and complete with an old preservative paint job over old paint on the wood body. Sound but soiled and stained upholstery. A restoration project but it will be cool when it's done, and won't be complex to do.
Market commentary
Not surprisingly, this little coupe/convertible attracted a lot of interest, but even at the above-estimate price it still has plenty of value for someone who appreciates its rarity and funky character. In Germany in 1931 this was something pretty special, and it remains that today.