As 2019 Comes to a Successful Close, Gooding & Company Looks Ahead to a Promising 2020 Slate of Auctions Including an Extraordinary Auction Event in London

191206 Gooding & Company [678]

After the annual Scottsdale and Amelia Island Auctions, Gooding & Company will be thrilled to present the “Passion of a Lifetime” Auction at Somerset House in London on April 1, 2020.

SANTA MONICA, CA – December 6, 2019 – (Motor Sports NewsWire) –  Gooding & Company, the auction house acclaimed for selling the world’s most significant and valuable collector cars, is pleased to report its year-end auction sales total of more than $147 million. In 2019, company led all auction houses with a notable 82% sales rate with 291 lots sold, and 32 cars selling above the $1 million mark. Notably, the renowned auction house was once again the market-leader with the highest per car average sale of $505,537 from its three respected auctions. This year saw Ferraris dominate the market, with over $75 million sold by Gooding & Company at an average price of $1,390,364. The auction house also experienced its highest ever viewership via its live HD webcast, with thousands of car enthusiasts from over 115 countries streaming Gooding & Company’s three exciting auction events.

“We are entering a time where the marketplace reflects the current value of cars,” states David Gooding, Founder and President of Gooding & Company. “2020 will bring in exciting and new challenges as we take our celebrated auctions across the Atlantic for the first time in company history. We can’t wait to ring in the New Year on a high note at our annual Scottsdale Auctions!”

The heralded auction house’s significant sales this year consisted of the 1958 Ferrari 250 GT LWB California Spider selling for $9,905,000, a 1963 Ferrari 250 GT SWB Berlinetta which sold for $7,595,000, and a 1958 Ferrari 250 GT Series I Cabriolet achieving a final price of $6,800,000. The SWB Berlinetta sold in the Scottsdale Auctions and both the California Spider and Series I Cabriolet found new homes at the 2019 Pebble Beach Auctions to close out an excellent year of sales during a transitional time in the market where prices saw some correction from the steady ascension of recent years.

Top Ten Lots Sold at Auction in 2019

  • 1958 Ferrari 250 GT LWB California Spider, sold for $9,905,000
  • 1963 Ferrari 250 GT SWB Berlinetta, sold for $7,595,000
  • 1958 Ferrari 250 GT Series I Cabriolet, sold for $6,800,000
  • 1975 Ferrari 312T, sold for $6,000,000
  • 1958 Ferrari 250 GT Tour de France Berlinetta, sold for $5,890,000
  • 1953 Ferrari 250 MM Spider Series II, sold for $5,395,000
  • 1958 Ferrari 250 GT Tour de France Berlinetta, sold for $5,100,000
  • 1961 Aston Martin DB4 GT, sold for $3,600,000
  • 1939 Alfa Romeo Tipo 256 Coupe, sold for $2,755,000
  • 1965 Ferrari 275 GTB Long Nose Alloy, sold for $2,750,000

Notable World Auction Records in 2019 (model specific)

  • 1975 Ferrari 312T, sold for $6,000,000
  • 1953 Ferrari 250 MM Spider Series II, sold for $5,395,000
  • 1913 Isotta Fraschini Tipo IM, sold for $2,645,000
  • 1931 Studebaker Special Indy Car, sold for $1,105,000
  • 1936 Bugatti Type 57 Two-Light Ventoux, sold for $885,000
  • 1991 Porsche 911 Reimagined by Singer, sold for $857,500
  • 1962 Porsche 356 B Super 90 ‘Twin Grille’ Roadster, sold for $610,000

The Scottsdale Auctions

  • $48,238,880 in total sales
  • Nine cars sold over $1 million
  • 105 of 124 lots sold

In January 2019, several world-auction records were set and nine cars sold over $1 million at Gooding & Company’s Scottsdale sale. The auction house sold the top three most expensive cars during the Arizona Auction week which included the 1963 Ferrari 250 GT SWB Berlinetta that sold for $7,595,999, the 1958 Ferrari 250 GT Tour de France Berlinetta that brought in $5,890,000, and the 1953 Ferrari 250 MM Spider Series II that prompted an exciting bidding war and ultimately sold for a world-auction record $5,395,000.

The Amelia Island Auction

  • $22,047,980 in total sales
  • Six cars sold over $1 million
  • 78 of 89 lots sold

In March, Porsches reigned supreme at Gooding’s 10th annual Amelia Island sale, specifically with the Jan Koum Collection offering ten limited-production motorsport models that spanned nearly 25 years of the marque’s excellence. Sold without reserve, the collection, highlighted by the 2015 Porsche 918 Spyder Weissach which sold for $1,490,000, energized the packed tent. The auction’s top-selling lot, a 1930 Packard 734 Speedster Runabout which hit $1,765,000, helped the company finish with the highest sell-through rate across all auction houses from that weekend with an astonishing 88%.

The Pebble Beach Auctions

  • $76,824,740 in total sales
  • 17 cars sold over $1 million
  • Five new world auction records
  • 108 of 140 lots sold

At its 16th annual August sale as the official auction house of the Pebble Beach Concours d’Elegance®, Gooding & Company continued to offer only the highest quality cars and maintained the highest sell-through rate for the week. In addition to selling four of the top ten sales across all auction houses and generating over $76 million in total sales, the company also set significant world-auction records. The stars of the weekend were most notably the 1975 Ferrari 312T and the 1958 Ferrari 250 GT LWB California Spider. The Ferrari 312T garnered thunderous applause from the packed tent when it sold for $6,000,000. This Grand Prix-winning masterpiece qualified in pole position in each of the five races driven by the legendary driver Niki Lauda. The California Spider was offered with highly desirable features that included covered headlights, Classiche certification, numerous awards, a stunning color scheme, as well as period racing. One of only 50 original long-wheelbase versions, this stunning automobile reached the final price of $9,905,000 to become not only Gooding & Company’s biggest sale of the weekend, but for all of 2019 at auction.

2019 Private Treaty Sales

In addition to its three revered auction events in 2019, Gooding & Company completed private sales of the finest, rarest, and most valuable automobiles the world has ever seen. With an unmatched team of specialists who have decades of combined private brokerage experience, the auction house sets the standard of connecting sellers and buyers in discreet private transactions. The company’s approach makes private transactions an enjoyable and efficient experience. Throughout 2019, Gooding & Company sold numerous examples of the most treasured and important cars from Maserati, Ferrari, Jaguar, and Rolls-Royce, as well as a pre-war Bugatti and Bentley.

Passion of a Lifetime Auction

Gooding & Company is honored to present an exclusive auction event, “Passion of a Lifetime,” featuring selections from one of the world’s most revered private collections, to be sold at Somerset House in central London on 1 April 2020. These stunning motorcars are the culmination of decades of research, dedication, and a meticulous commitment to bring together the most coveted and valuable examples of European sports and racing automobiles of the 20th century. London’s historic and majestic Somerset House will provide a superb backdrop for the vehicles in this unique auction. This 18th century Neo-classical building is one of London’s best loved public spaces and a global platform showcasing ground-breaking contemporary culture. Gooding & Company’s constant adherence to the highest quality offerings at the pinnacle of the collector car business is in perfect harmony with this unparalleled collection, and there is no better backdrop for such a momentous auction than the world-class setting of Somerset House.

Looking Forward to 2020

Gooding & Company expects to see a strong demand for the most respected marques and models and will continue to offer the rarest and the highest-quality cars to its large, and growing, global community of collectors and enthusiasts. The company’s annual Scottsdale Auctions on January 17 and 18, 2020, will be a terrific launching point for the new year, with early highlights including a desirable 1965 Ferrari 500 Superfast and a highly original 1948 Tucker 48. Gooding’s 11th annual Amelia Island Auction will take place on March 6, 2020 in Amelia Island, Florida. On April 1st, the company will hold a bespoke auction event at the Somerset House in London, United Kingdom, which will feature selections from an esteemed private collection. Closing out the calendar year will be the 17th annual Pebble Beach Auctions on August 14th and 15th.

About Gooding & Company

Gooding & Company is celebrated for its world-class automotive auctions and unparalleled service in the international collector car market, achieving over $2 billion in sales since the company’s inception. The auction house continues to deliver market-leading results, while setting new trends and selling best-of-category cars across numerous collector car verticals. Gooding & Company consistently presents the highest-quality consignments while operating with openness and integrity, which have earned the company a reputation of trust and respect unmatched in the industry. Offering a wide range of services including private and estate sales, appraisals and collection management, the auction house is ready to assist you with numerous collector car services.

Source: Gooding & Company

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