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

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Read more car auction news.

Kirby Garlitos
Automotive Aftermarket Expert - kirby@topspeed.com
Kirby’s first exposure into the world of automobiles happened when he caught Knight Rider on television as a five-year old boy. David Hasselhoff didn’t leave much of an impression on him (that happened later on in Baywatch), but KITT certainly did. To this day, Kirby remains convinced that he will one day own a car with the same ‘spirit’ as the original KITT (not the 2008 monstrosity). He doesn't know when that will be, but until then, he’s committed to expressing his love for KITT, and all cars for that matter, here at TopSpeed.  Read More
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