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

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

Read more car auction news.