Gooding & Co Achieves New World Record Price for 1959 Ferrari 250 GT LWB California Spyder Competizione

Pebble Beach, CA – August 15, 2010 — Gooding & Company, the official auction house of the Pebble Beach Concours d’Elegance, achieved a new world record yesterday on the first eve of its prestigious two-day Pebble Beach Auction with a $7.26 Million sale of a 1959 Ferrari 250 GT LWB California Spider Competizione. The final price of the car is the new world record for a LWB California Spider.*

Last night’s automotive star will be followed by a long list of sparkling consignments for this evening’s Sunday Auction, which include the 1928 Mercedes-Benz S Boattail Speedster, 1961 Ferrari 250 GT SWB Berlinetta SEFAC Hot Rod, 1933 Alfa Romeo 8C 2300 Monza and 1995 McLaren F1.

The 2010 Pebble Beach Auctions are held at the Pebble Beach Equestrian Center. Public preview and admission will be open all day until the start of this evening’s auction, which commences at 6:00 p.m. Gooding & Company’s Pebble Beach Auction catalogues are available for $100 and admit two to the viewing and the auction. The auction tonight will be broadcast live on www.goodingco.com. Bidder registration forms, press credentials and additional auction information are also available on www.goodingco.com or by calling (310) 899-1960. For additional vehicle information and up-to-the-minute results, follow Gooding & Company on Facebook and Twitter @GoodingCompany.

About Gooding & Company

Gooding & Company provides unparalleled service for those in the collector car market, offering a wide range of services, including private and estate sales, appraisals and collection management. In the first half of 2010, Gooding & Company sold 172 collector cars at auction totaling more than $50 Million. Gooding & Company’s annual Scottsdale Auctions will take place on Friday and Saturday, January 21 & 22, 2011, and the Amelia Island Auction will take place on Friday, March 11, 2011.

*The price is in US Dollars and includes the buyer’s premium.

 

Jim Pickering

SCM Managing Editor

Jim grew up in a small neighborhood of car guys, so the bug bit him early, and rides in his neighbor’s over-powered street rods sealed the deal for good. His first car was a ’66 Caprice with a big-block Chevy—a car which landed him his first job as a mechanic after high school and through college, got him into drag racing, and much to the distress of his wife Kristina, caused his recent home search to take a full year—the Caprice is 19 feet long and gets parked inside. In addition to the Caprice, also maintains a 1972 Chevrolet K10 4x4 and a 2006 Dodge Charger SRT8.

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