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.
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.
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 |
$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 |
$2,530,000 |
|
Lot 47 |
$2,090,000 |
|
Lot 28 |
$1,760,000 |
|
Lot 26 |
$1,732,000 |
|
Lot 16 |
$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
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