Gooding & Company Launches into 2020 by Achieving Over $35 Million and Selling Most Valuable Car of the Week at its 13th Annual Scottsdale Auctions

The company’s two-day sale sold eight cars over $1 million
and set new world auction records.

SCOTTSDALE, AZ – January 19, 2020 – (Motor Sports NewsWire) –  Gooding & Company, the auction house acclaimed for selling some of the world’s most significant and valuable collector cars, continued its practice as a market leader by realizing $35,867,560 at the company’s 13th annual two-day Scottsdale Auctions. The famed auction house sold 123 of 138 lots for an impressive 89% sell-through rate, with an average of $291,606 per car sold. Additionally, eight cars sold over the $1 million mark. In total, Gooding & Company lead the market during Arizona Auction Week in total sales, highest average price, most cars sold over $1,000,000, and represents five of the top ten sales for the week.

200120 Gooding & Company Scottsdale Auctions [2]

A wall-to-wall crowd watched the company’s Friday and Saturday sales as some of the most highly anticipated cars of Scottsdale’s Auto Week crossed the auction block, with the 1995 Ferrari F50 reaching the highest price sold at $3,222,500, which also became the most valuable car sold at the weekend. The Prancing Horse marque commanded both auction days, representing four of Gooding & Company’s top ten sales. Gooding & Company also attained a new world-record for the 1970 Porsche 914/6 GT, smashing the previous record for a 914 by achieving a final price of $995,000.

A thrilling surprise of the weekend came from Friday’s sale of the 1937 BMW 328. This prewar car with no reserve became one of the most exciting lots sold during the weekend, with enthusiastic bidding ultimately ending in a final price of $830,000. The 328 came from a remarkable 75 years of single-family ownership. Saturday saw a lengthy bidding war for several other collector masterpieces such as the 1932 Hispano-Suiza J12 selling for a world auction record $2,425,000, the incredibly original 1948 Tucker 48 which sold for $2,040,000, and the 1967 Ferrari 330 GTS, which sold for $1,985,000. Additional highlights from Gooding & Company’s sale included the striking 1972 Ferrari 365 GTB/4 Daytona Spider (sold for $1,930,000), the 1969 Lamborghini Miura P400 S (sold for $1,242,500), and the 1990 Mercedes-Benz 190E 2.5-16 Evolution II (sold for a new world auction record price of $434,000).

“I am thrilled and so proud of our sales team for gathering such a wonderful consignment selection which led to strong results and the top sale of the weekend,” states President and Founder David Gooding. “We look forward to all of the exciting auctions on the horizon with our annual Amelia Island sale in March, as well as our first bespoke London auction in April.”

Top Ten Sales

  • 1995 Ferrari F50, sold for $3,222,500
  • 1932 Hispano-Suiza J12, sold for $2,425,000
  • 1948 Tucker 48, sold for $2,040,000
  • 1967 Ferrari 330 GTS, sold for $1,985,000
  • 1972 Ferrari 365 GTB/4 Daytona Spider, sold for $1,930,000
  • 1960 Ferrari 250 GT Series II Cabriolet, sold for $1,242,500
  • 1969 Lamborghini Miura P400 S, sold for $1,242,500
  • 2014 McLaren P1, sold for $1,160,000
  • 1970 Porsche 914/6 GT, sold for $995,000
  • 1958 Mercedes-Benz 300 SL Roadster, sold for $940,000

Top Five World-Record Prices

  • 1932 Hispano-Suiza J12, sold for $2,425,000
  • 1970 Porsche 914/6 GT, sold for $995,000
  • 1930 Stutz Series M Boattail Speedster, sold for $445,000
  • 1990 Mercedes-Benz 190E 2.5-16 Evolution II, sold for $434,000
  • 1995 Land Rover NAS Defender 90 Limited Edition, sold for $165,200

Looking Ahead to Amelia Island

Gooding & Company’s Amelia Island Auction will be held on March 6, 2020 in Amelia Island, Florida. For the company’s 11th annual Florida sale, the auction house has consigned an extremely desirable 1914 Rolls-Royce 40/50 Silver Ghost Torpédo Phaeton, and an exceptional and highly original 1969 Lamborghini Miura P400 S.

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.

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