Gooding & Company Achieves More than $35 Million in a Single-Day Auction and Sells Most Valuable Car Across All Auction Houses During the 2018 Amelia Concours Week

Gooding & Company - Amelia Island - 1966 Ferrari 275 GTB Long Nose Alloy

Highest sale total and sell-through rate across all auction houses in Amelia Island, Florida, 14 cars sold for over $1 million, and 13 new world benchmarks established. The 1966 Ferrari 275 GTB Long Nose Alloy garners over $2.5 million, making the sensational barn-find the most valuable collector car sold during this year’s Amelia Concours Week.

AMELIA ISLAND, FL – March 12, 2018 – (Motor Sports Newswire) – Gooding & Company, the auction house acclaimed for selling some of the world’s most significant and valuable collector cars, realized $35,937,250 in a single day at the company’s annual Amelia Island Auction, held on March 9, 2018. The auction house achieved a 95.4% sale rate with 83 of 87 lots sold, producing an average price of $432,978 per lot and an impressive 14 cars sold for over $1 million.

The company continued its tradition as the Porsche market leader, with significant Porsche sales that included the immaculate 1993 Porsche 964 Turbo S Leichtbau (sold for $1,760,000), the 1990 Porsche 962C (sold for $1,595,000), the 2015 Porsche 918 Spyder (sold for $1,540,000), and the 1996 Porsche 993 GT2 (sold for $1,485,000). Additional highlights from the event included the 2003 Ferrari Enzo (sold for $2,365,000), the 1967 Ford GT40 Mk IV (sold for $1,925,000), and the 1952 Ferrari 212 Europa Cabriolet (sold for $1,600,000).

The auction house continued to bring some of the most significant barn-find discovers to market. The automotive world was abuzz when Gooding & Company consigned the rare, beautiful 1966 Ferrari 275 GTB Long Nose Alloy and the iconic, muscular 1967 Shelby 427 Cobra. Both cars had been parked and left untouched in the same garage since 1991. The Ferrari 275 GTB Long Nose Alloy garnered $2,530,000, and the 1967 Shelby 427 Cobra sold for $1,045,000. Also, the 1957 Porsche 356 A 1500 GS Carrera Coupe that had been hidden from public view since 1972 delivered a strong result of $506,000.

“We are proud of our strong, curated lineup of collector cars that delivered the highest sale total of the week, produced the most valuable car sold, and exemplified our desire to bring the best cars to market for our clients,” notes David Gooding, President of Gooding & Company. “These results prove that our Amelia Island sale is a premier auction venue for offering significant Porsches, as well as highly originally and significant cars with rich, compelling stories.”

Top Ten Sales

  • Lot 15 – 1966 Ferrari 275 GTB Long Nose Alloy, sold for $2,530,000
  • Lot 58 – 2003 Ferrari Enzo, sold for $2,365,000
  • Lot 28 – 1967 Ford GT40 Mk IV, sold for $1,925,000
  • Lot 53 – 1993 Porsche 964 Turbo S Leichtbau, sold for $1,760,000
  • Lot 47 – 1952 Ferrari 212 Europa Cabriolet, sold for $1,600,000
  • Lot 38 – 1990 Porsche 962C, sold for $1,595,000
  • Lot 44 – 2015 Porsche 918 Spyder, sold for $1,540,000
  • Lot 55 – 1996 Porsche 993 GT2, sold for $1,485,000
  • Lot 63 – 1966 Shelby 427 Cobra, sold for $1,457,500
  • Lot 68 – 1976 Porsche 934, sold for $1,320,000

Top Five World Record Prices

  • Lot 53 – 1993 Porsche 964 Turbo S Leichtbau, sold for $1,760,000
  • Lot 47 – 1952 Ferrari 212 Europa Cabriolet, sold for $1,600,000
  • Lot 68 – 1976 Porsche 934, sold for $1,320,000
  • Lot 57 – 1955 Mercedes-Benz 300 Sb Coupe, sold for $473,000
  • Lot 59 – 1953 Fiat 1100 Coupe, sold for $418,000

Throughout this year, Gooding & Company has garnered over $85 million in total sales and achieved a combined sell-through rate of 90% from the company’s 2018 Scottsdale and Amelia Island auctions. In addition, the auction house has sold the most valuable collector car across all worldwide automotive auctions in 2018 with the sale of 1965 Ferrari 275 GTB Speciale that achieved a world-record price of $8,085,000 at the Scottsdale Auctions.

The company’s next sale, The Pebble Beach Auctions, will take place on August 24 and 25, 2018, at the Pebble Beach Equestrian Center. Last year’s impressive Pebble Beach sale delivered remarkable cars, with a total of 110 stunning cars fetching over $91.5 million in overall sales, an astonishing 22 lots sold at or above the $1 million mark, and 20 world auction records established across numerous marques. At last year’s event, the 1970 Porsche 917K became the most valuable Porsche ever sold at auction with a realized price of $14,080,000. The price broke the previous most valuable Porsche record, which was set by Gooding & Company with the sale of the 1982 Porsche 956 (sold for $10,120,000 in 2015). As the official auction house of the Pebble Beach Concours d’Elegance®, Gooding & Company is renowned for showcasing the finest classic, sports and racing cars on the world’s stage.

The Pebble Beach Auctions

Dates: Friday, August 24 at 6:00pm PDT and Saturday, August 25 at 11:00am PDT
Location: Equestrian Center, Corner of Stevenson Drive and Portola Road, Pebble Beach, CA
Public preview: Wednesday, August 22 – Saturday, August 25
Auction catalogues: $100, includes admission for two to the viewing and the auctions
General admission: $40, includes admission for one to the viewing and the auctions
Live auction broadcast:
Twitter:@goodingandco #goodingpebble
Instagram:@goodingandcompany #goodingpebble
Phone: 310.899.1960

Bidder Registration
$200 includes a catalogue, admission for two to the viewing and auction with two reserved seats, subject to availability.

About Gooding & Company

Gooding & Company’s auctions, now in their second decade, produce market-leading prices and deliver to a worldwide reach of clients and enthusiasts. Throughout 2018, spectators and patrons from over 60 nations witnessed this year’s auctions live in high-definition video broadcast via our webcast. Gooding & Company will be conducting its annual Amelia Island Auction on March 9, 2018,in Amelia Island, Florida. The annual Pebble Beach Auctions will be held August 24 and 25, 2018, inside the gates of Pebble Beach, California, where Gooding & Company is the official auction house of the Pebble Beach Concours d’Elegance®.The auction houseis also pleased to announce the addition of real-time online bidding on select vehicles beginning at the Amelia Island Auction. The company invites you to speak with a Gooding & Company staff member for more information.

Source: Gooding & Company

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