Gold-Plated 1953 Cadillac Sells For $1,275,000, Sets Auction Record

• The 1953 Cadillac Elegante sold for $1,275,000 at Kruse Auctions' Auburn sale.
• That price is the highest ever paid for a Cadillac at public auction.
• The one-off, hand-formed Elegante is wrapped in 24-karat gold coachwork.

Kruse Auctions hammered a gold-plated 1953 Cadillac Elegante for $1,275,000 at its Auburn, Indiana sale, and the price now stands as the highest ever paid for a Cadillac at public auction. The one-off grand tourer had sat outside public view for roughly 73 years before crossing the block.