$49 Million in Two Days? Auction Goers Made it Rain at the Gooding & Co Auction in Scottsdale!
A 1965 Ferrari 275 GTB Speciale led the way after selling for $8 millionby Kirby Garlitos, on
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.
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.
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|
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