Not a Lincoln: 1958 Continental Mk III Convertible – Sold!
Posted just in time for Topless Thursday on Craigslist in Brooklyn, New York is this completely restored, Tangerine over black 1958 Continental Mk III Convertible the private seller is hoping to sell for $39,500. The NADA Guides Classic Car Online Valuation Tool for this Continental confirms the current asking price is well within the “Low”, “Average”, and “High” retail estimate range of $32,800, $54,500, $140,500, respectively, while the Hagerty Insurance Online Valuation Tool shows the current asking price is $1,100 less than than #3 “Good” estimate of $40,600.
Most car enthusiasts under the age of 60 are unaware that Continental was a separate division from Lincoln. For the 1956 model year, Ford Motor Company created the Continental Division, slotted above Lincoln as the flagship marque of Ford Motor Company. At its launch, Continental introduced the essentially hand-built Continental Mark II as its model line, intended as a successor to the 1940–1948 Lincoln Continental personal luxury car. While a beautiful and luxurious car driven by the rich and famous, its estimated Ford lost over $1,000 on every Mark II built between 1956 and 1957.
Consequently, Ford made extensive changes to the Continental Division in time for the 1958 model year, the most notable requiring the new Continental Mark III to reach a $6,000 price point, which was a 40% reduction from the Mark II, so that the new car could compete better compete against Cadillac’s Eldorado and Imperial’s LeBaron. The new Mark III was more closely integrated with Lincoln, differing primarily in roofline, trim, and grille. Unfortunately, the canted headlight design and other quirky styling details made the Mark III seem downright weird next to the Mark II, and thus sales suffered. The most notable styling element of the Mark III was on the convertible which featured a canted full glass rear window that could be raised and lowered separated from the top. The 58-60 Continentals have the distinction of being the largest unibody-constructed cars ever built as well as having the longest wheelbase of any Ford ever.
Unfortunately, the recession of 1958 in the U.S. combined with the sheer size of the cars make the ’58 Continental Mark III a rare site today, especially a working example as the one presented here. This example makes a compelling alternative to the more common Cadillacs of the period. While the private seller’s brief description reports everything on their Mark III works as designed, we’re not sure whether this example is a well-preserved survivor or the benefactor of a restoration at some point in the car’s history. If everything during your in-purchase inspection checks out, you will be buying a rare Continental for a relatively low price. Good luck with the purchase!
Here is the current caretaker’s description of this Continental MkIII:
“1958 Lincoln Continental Mark III Convertible, Tangerine Orange in pristine working condition with all power options, power steering, power windows, power convertible top, power everything.
All black leather interior in perfect condition with the original dashboard and trim, every instrument is original and in working order there are no aftermarket parts on this vehicle whatsoever. All maintenance records and receipts are available for inspection
Only serious inquiries, no low ball, no solicitors or agencies please.
We have the Lincoln on display currently in Bellmore, NY a short drive into Nassau County.
For more information on viewing please send a reply”
We’d love whether you like the styling of this Continental Mark III. Comment below and let us know!