Gooding & Company Announces More Than $50m from Pebble Sale

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PEBBLE BEACH, CALIFORNIA, (August 18, 2009) – Gooding & Company, the official auction house of the Pebble Beach Concours d’Elegance®, sold 129 lots over their Saturday and Sunday auctions, achieving more than $50 million.

Continuing its successful presence at the Pebble Beach Concours d’Elegance and as the leading auction house in Monterey, Gooding & Company attracted thousands of collectors and enthusiasts from around the world last week.

Sunday’s auction achieved $29+ million with 54 lots out of 68 sold. Nine cars sold for more than $1 million. The evening’s top five sales were the 1962 Ferrari 250 GT SWB California Spider at $5,115,000, the 1933 Alfa Romeo 8C 2300 Drop Head Coupe at $4,180,000, the 1935 Duesenberg Model SJ Roadster at $3,300,000, the 1954 Ferrari 500 Mondial Series I at $1,540,000 and the 1934 Mercedes-Benz 380 Sport Roadster at $1,078,000.

In contrast with many of the evening’s award-winning classics, guests at Sunday night’s auction event witnessed the historic sale of “Chassis Number One” of Bentley Motors’ Mulsanne, the new flagship grand tourer model that was conceived, styled and engineered entirely at Bentley’s headquarters in Crewe, England. Gooding & Company’s top ten sales results from both Saturday and Sunday include:

-1962 Ferrari 250 GT SWB California Spider at $5,115,000 (Sunday Lot 135)
-1933 Alfa Romeo 8C 2300 Drop Head Coupe at $4,180,000 (Sunday Lot 139)
-1935 Duesenberg Model SJ Roadster at $3,300,000 (Sunday Lot 130)
-1958 Ferrari 250 GT LWB California Spider at $2,750,000 (Saturday Lot 37)
-1953 Aston Martin DB 2/4 Drop Head Coupe at $1,650,000 (Saturday Lot 62)
-1954 Ferrari 500 Mondial Series I at $1,540,000 (Sunday Lot 117)
-1938 Bugatti Type 57C Special Coupe at $1,375,000 (Saturday Lot 31)
-1934 Mercedes-Benz 380 Sport Roadster at $1,078,000 (Sunday Lot 149)
-1954 Aston Martin DB2/4 Competition Spider at $1,045,000 (Sunday 126)
-1929 Rolls-Royce Phantom I York Roadster for $946,000 (Sunday Lot 116)

Three world record-breaking sales were achieved on Saturday night – the 1953 Aston Martin DB 2/4 Drop Head Coupe’s sale at $1,650,000, the 1953 Jaguar XK120 SE Roadster’s sale at $192,500 and the 1938 Buick Limited Series 80 Opera Brougham at $506,000. Saturday’s highest sale was the red hot 1958 Ferrari 250 GT LWB California Spider at $2,750,000. A highlight for many enthusiasts was the sale of Ettore Bugatti’s own 1938 Bugatti Type 57C Special Coupe that passed hands to its new caretaker at a price of $1,375,000.

Gooding & Company will be conducting its annual Scottsdale auction on Saturday, January 23, 2010 in Scottsdale, Arizona. Visit www.goodingco.com for more.