A 1965 Ferrari 275 GTB Speciale led the way after selling for $8 million

Auction house Gooding & Company put in the work over the weekend by hauling in an impressive $49.2 million at its 11th annual two-day auction in Scottsdale, Arizona. All told, the auction house sold 110 of 129 lots, including 12 cars that sold for more than $1 million. The most expensive of all cars sold was a 1965 Ferrari 275 GTB Speciale, which went under the hammer to the tune of $8.08 million.

$49 Million in Two Days? Auction Goers Made it Rain at the Gooding & Co Auction in Scottsdale!
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All told, the auction house sold 110 of 129 lots, including 12 cars that sold for more than $1 million.

It was a good weekend for Gooding & Company, wasn’t it? The auction house reaped the rewards of feverish bidding for a number of high-priced exotics, including the 1965 Ferrari 275 GTB Speciale that was originally owned by Pininfarina founder Battista Pininfarina. Apart from that iconic car, other high-priced exotics also fetched premium bids at the auction. A 1954 Ferrari 500 Mondial Series sold for $4.5 million, while a 1931 Bugatti Type 44 Roadster went for $4.07 million. Altogether, the three most expensive cars that were sold at the auction accounted for a third (33.7%) of Gooding’s total haul over the weekend.

In addition to these timeless exotics, the auction house also had success selling modern exotics. A 2014 Pagani Huayra, for example, sold for $2.09 million, while a 2015 McLaren P1 fetched a cool $1.73 million. Gooding also set a record price for a Lexus vehicle when it sold a Lexus LFA Nurburgring Package for $825,000.

$49 Million in Two Days? Auction Goers Made it Rain at the Gooding & Co Auction in Scottsdale!
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The 2018 auction also served as a good rebound year for Gooding & Company’s Scottsdale auction

Gooding & Company president and founder David Gooding has 49 million reasons to have a smile from ear-to-ear. “What a thrill to sell such a sensational group of cars, especially the most valuable car of the week,” he said in a statement. “Our team worked hard to curate such a fantastic group of historic, high-quality cars and the record-breaking results speak for themselves.”

The 2018 auction also served as a good rebound year for Gooding & Company’s Scottsdale auction. The auction house “only” sold $33.4 million in 2017. Part of the Scottsdale event’s success can be attributed to the 85% sales rate Gooding achieved. With the year off to a good start, we can expect Gooding & Company to come out swinging at its next event in Amelia Island, Florida in March.

Top 10 Sales

Lot 134 1965 Ferrari 275 GTB Speciale $8,085,000
Lot 34 1954 Ferrari 500 Mondial Series I $4,455,000
Lot 122 1931 Bugatti Type 55 Roadster $4,070,000
Lot 138 1967 Ferrari 330 GTS $2,530,000
Lot 47 2014 Pagani Huayra $2,090,000
Lot 28 1963 Iso Grifo A3/L Prototype $1,760,000
Lot 26 2015 McLaren P1 $1,732,000
Lot 16 1956 Mercedes-Benz 300 SL Gullwing $1,320,000
Lot 151 1954 Mercedes-Benz 300 SL Gullwing $1,155,000
Lot 22 1960 Mercedes-Benz 300 SL Roadster $1,100,000
Lot 114 1957 Mercedes-Benz 300 SL Roadster $1,083,500
Lot 24 1953 Ferrari 212 Europa Coupe $1,067,000

References

Huge Donation: Ford GT Sells for $2.5 Million at Barrett-Jackson Auction in Arizona
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