Gooding & Company the 15th Annual Pebble Beach Auctions

The 1935 Duesenberg SSJ becomes most valuable American collector car ever sold. 25 cars above $1 million, and 23 new world auction records established.

SANTA MONICA, CA – August 28, 2018 – (Motor Sports Newswire) – Gooding & Company, the official auction house of the Pebble Beach Concours d’Elegance®, realized $116,502,500 at the 15th annual Pebble Beach Auctions this weekend. During the two-day auction event, the company sold 123 of 147 lots, an 84% sales rate, with an average price of $947,174 per car. During the sale, an astonishing 25 lots sold above the $1 million mark and 23 world auction records were established.

The star of the weekend’s auction action was the 1935 Duesenberg SSJ, which became the most valuable pre-war car ever sold at auction. The crowd erupted with applause after a rousing bidding war resulted in a realized price of $22 million. One of only two ever built, this is the first time an SSJ has crossed an auction block. This world record price illustrates the car’s historical significance and establishes a new company record for a single lot.

“We are thrilled to set so many new world records. The prices achieved reflect the winning combination of the highest quality and never previously offered motor cars for public sale, creating a huge demand,” states David Gooding, President and Founder of Gooding & Company. “The strength of the pre-war category was surely evident with our emerging collectors. They were drawn to the cars that they had never had an opportunity to bid on previously. Overall, this was a remarkable and historic sale!”

The marquee was packed, and viewers from over 60 nations tuned in via the company’s live HD webcast to watch spirited bidding overseen by renowned auctioneer Charlie Ross. As bidders competed for exceptional lots, Mr. Ross’ captivating style added to the dynamic auction room. Most notably the stunning 1955 Maserati A6GCS/53 Spider by Frua generated a world record price of $5,170,000. The impeccable 1959 Porsche 718 RSK garnered a world record price of $3,740,000, and the 2007 Porsche RS Spyder, the first RS Spyder to ever come to auction, realized a world record price of $4,510,000.

Exciting Ferraris continue to deliver exceptional results. The audience stood in honor of Admiral Robert Phillips as he took his last drive in his 1955 Ferrari 500 Mondial Series II after 58 years of ownership, delivering it to the auction block. After a lengthy bidding war, the French Racing Blue Ferrari sold for a world record price of $5,005,000. Gooding & Company’s selection of rare, coachbuilt Ferraris did not go unnoticed. The beautiful 1959 Ferrari 250 GT Tour de France Berlinetta sold for $6,600,000. The stunning 1967 Ferrari 330 GTC Speciale sold for a record price of $3,410,000, and the one-of-two 1966 Ferrari Dino Berlinetta GT sold for $3,080,000.

Lots Sold Over $1 Million From the Weekend:

Lot 35 – 1935 Duesenberg SSJ, sold for $22,000,000
Lot 53 – 1958 Ferrari 250 GT Tour de France Berlinetta, sold for $6,600,000
Lot 135 – 1955 Maserati A6GCS/53 Spider, sold for $5,170,000
Lot 22 – 1955 Ferrari 500 Mondial Series II, sold for $5,005,000
Lot 44 – 2007 Porsche RS Spyde, sold for $4,510,000
Lot 51 – 1955 Porsche 550 Spyder, sold for $4,455,000
Lot 128 – 1959 Porsche 718 RSK, sold for $3,740,000
Lot 48 – 1931 Bugatti Type 51 Grand Prix, sold for $3,740,000
Lot 150 – 1967 Ferrari 330 GTC Speciale, sold for $3,410,000
Lot 31 – 2014 Ferrari LaFerrari, sold for $3,080,000
Lot 124 – 1966 Ferrari Dino Berlinetta GT, sold for $3,080,000
Lot 132 – 1938 Bugatti Type 57C Atalante, sold for $2,805,000
Lot 140 – 1963 Mercedes-Benz 300 SL Roadster, sold for $2,530,000
Lot 126 – 1955 Lancia Aurelia B24S Spider America, sold for $1,870,000
Lot 164 – 1965 Ferrari 275 GTS, sold for $1,760,000
Lot 14 – 2015 Porsche 918 Spyder Weissach, sold for $1,650,000
Lot 57 – 1963 Ferrari 250 GT Lusso, sold for $1,485,000
Lot 161 – 1966 Porsche 911 Spyder, sold for $1,430,000
Lot 177 – 1964 Ferrari 250 GT Lusso, sold for $1,320,000
Lot 61 – 1956 Mercedes-Benz 300 SL Gullwing, sold for $1,127,500
Lot 147 – 1930 Packard 734 Speedster Phaeton, sold for $1,127,500
Lot 137 – 2011 Ferrari 599 SA Aperta, sold for $1,072,500
Lot 20 – 1935 Auburn 851 SC Boattail Speedster, sold for $1,012,000
Lot 112 – 1991 Ferrari F40, sold for $1,050,000
Lot 158 – 1993 Porsche 964 Carrera RS 3.8, sold for $1,001,000

Top Five World Auction Records:

Lot 35 – 1935 Duesenberg SSJ, sold for $22,000,000
Lot 135 – 1955 Maserati A6GCS/53 Spider, sold for $5,170,000
Lot 22 – 1955 Ferrari 500 Mondial Series II, sold for $5,005,000
Lot 44 – 2007 Porsche RS Spyder, sold for $4,510,000
Lot 128 – 1959 Porsche 718 RSK, sold for $3,740,000

2018 Pebble Concours d’Elegance® Best in Show:

Winner: 1937 Alfa Romeo 8C 2900B Touring Berlinetta
Owner: David & Ginny Sydorick, Beverly Hills, California

The Scottsdale Auctions

Dates: Friday, January 18 at 11:00am and Saturday, January 19 at 11:00am
Location: Scottsdale Fashion Square, 4700 N. Scottsdale Road, Scottsdale, AZ 85251 | Corner of N. Scottsdale Road and E. Highland Ave.
Public preview: Wednesday, January 16 – Saturday, January 19
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: www.goodingco.com
Facebook: www.facebook.com/GoodingandCompany
Twitter: @goodingandco #goodingscottsdale
Instagram: @goodingandcompany #goodingscottsdale
Snapchat: @goodingandco
YouTube: www.youtube.com/user/GoodingandCompany
Phone: 310.899.1960

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 live webcast. Gooding & Company has garnered over $85 million in total sales and achieved a combined sell-through rate of nearly 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, achieving a world-record price of $8,085,000 at the Scottsdale Auctions. The auction house is pleased to offer real-time online and mobile bidding on select vehicles for all of its upcoming events. Please visit goodingco.com for more details and download the Gooding & Company app on Android and iOS.

Source: Gooding & Company Inc.