I saw this advertisement in a couple of places:
http://www.carandclassic.co.uk/car/C616402
http://www.hemmings.com/classifieds/carsforsale/pierce_arrow/43/1742798.html
And a google search showed it was for sale in South Africa in 2010 with a little history behind it:
http://www.stephanwelzandco.co.za/Uploads/files/012-Session%205%20Lots%20821-901.pdf
There seem to be a few cars for sale in Europe at the moment – don’t know how many went to Europe as collector cars at times when the dollar was relatively low. Long way to go to check out a car for sale, and, referencing previous discussions, even harder to check authenticity.