Gooding & Company’s 10th Anniversary Pebble Beach Auctions Realizes More Than $112 Million

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Gooding & Company, official auction house of the Pebble Beach Concours d’Elegance, realized more than $112 million at its Pebble Beach auctions over the weekend. During the two-day sale, Gooding & Company sold 116 of the 127 lots offered, for a 91% sale rate, with an average price per lot of $965,675, and 30 cars sold for over $1,000,000. Among the top highlights of the event were three sales that included:

– a 1957 Ferrari 250 GT 14-Louver Berlinetta at $9,460,000 (Lot 39 from the Saturday sale), a world record for a Ferrari 250 Tour de France

– a 1997 McLaren F1 at $8,470,000 (Lot 51 from the Saturday sale), which set a world auction for the marque

– a 1937 Bugatti Type 57SC Atalante at $8,745,000 (Lot 123 from the Sunday sale), which set a world auction for a Bugatti

“Our record breaking 10th Anniversary Pebble Beach Auctions boasted a stellar result. Strong results resonated across the board for market leaders such as Bugatti, Ferrari, McLaren and Porsche that clearly demonstrate a growing demand for rare, high level classic cars,” says David Gooding, President and founder of Gooding Company.

All images copyright and courtesy of Gooding & Company.
Photo by Mike Maez.

The star lot of the Sunday sale was the 1937 Bugatti Type 57SC Atalante (Lot 123) which sparked one of the evening’s many bidding wars. This extremely authentic example boasts its original chassis, engine and coachwork and features an outstanding, unbroken provenance. Masterfully restored to the highest standards, it was awarded first in class at Pebble Beach Concours d’Elegance® in 2011. Following several rounds of intense bidding, this stunning car fetched $8,745,000 and set a new world auction record for a Bugatti.

All images copyright and courtesy of Gooding & Company.
Photo by Eric Fairchild.

The 1955 Ferrari 250 GT Berlinetta Competizione (Lot 143) touched off fevered bidding. Purchased new by Scuderia Ferrari driver Alfonso de Portago, this beautiful example was strikingly finished in its original Bianca white with grey leather interior and immediately sent to the Bahamas for de Portago’s participation in the Nassau races. It has continued its racing legacy as a participant in more than 10 contemporary Mille Miglias and numerous other historic events. The iconic Ferrari sold for $7,150,000, another record-setting price for an early 250 GT.

Bidding was fierce for a 1948 Alfa Romeo 6C 2500 Competizione (Lot 114). One of only two built, this is the only surviving example of this spectacular car. This numbers-matching Alfa has been entered in four consecutive editions of the Mille Miglia, was a 2005 Pebble Beach Concours d’Elegance® Class Award Winner and a fixture in the “Sleeping Beauties” Collection for 40 years. Representing an exceptional collecting opportunity, this rare lot brought a final total of $4,840,000 and a world record for a post-war Alfa Romeo at auction.

“Quite simply an auctioneer couldn’t have more satisfaction or fun than to be charged with the sale of such an array of wonderful cars especially Ferraris and Porsches. Long may it continue,” says Auctioneer Charlie Ross.

The 1966 AAR Gurney-Weslake Eagle Mk 1 (Lot 119) also garnered much bidder interest. A significant piece of American motorsport history, it has been driven by racing legends including Dan Gurney, Bob Bondurant and Bruce McLaren. This incredibly important California-built Grand Prix car won the 1967 Brands Hatch Race of Champions – the first win for an Eagle and the first American car to win a Formula One race in decades. Drawing much pre-sale attention the lot ultimately fetched a record price of $3,740,000.

Overall, Ferraris did well throughout the sale with a 1957 Ferrari 500 TRC (Lot 151) selling for $3,080,000, a 1967 Ferrari 365 California Spider selling for $2,970,000 (Lot 149), and a 1968 Ferrari 330 GTC (Lot 5) selling for $946,000, another world record price at auction.

The sale saw a number of lots surpass expectations as well. A 1933 Rolls-Royce Phantom II Continental Three-Position Sedanca Coupe garnered strong attention from bidders.  The car sold for a record price of $1,320,000. The 1955 Mercedes-Benz 300 SL Gullwing (Lot 141) surpassed its estimate of $1,200,000-1,500,000 with a sale total of $1,705,000.

All images copyright and courtesy of Gooding & Company.
Photo by Eric Fairchild.

Top Ten Results from the Weekend

Lot 39: 1957 Ferrari 250 GT 14-Louver Berlinetta, $9,460,000

Lot 123: 1937 Bugatti Type 57SC Atalante, $8,745,000

Lot 51: 1997 McLaren F1, $8,470,000

Lot 143: 1955 Ferrari 250 GT Berlinetta Competizione, $7,150,000

Lot 114: 1948 Alfa Romeo 6C 2500 Competizione, $4,840,000

Lot 119: 1966 AAR Gurney-Weslake Eagle Mk 1, $3,740,000

Lot 151: 1957 Ferrari 500 TRC, $3,080,000

Lot 149: 1967 Ferrari 365 California Spider, $2,970,000

Lot 134: 1929 Bentley Speed Six Grafton Coupe, $2,860,000

Lot 133: 1965 Ferrari 275 GTB Long Nose Alloy, $2,585,000

World Auction Records from the Weekend

Lot: 5 1968 Ferrari 330 GTC, record for a Ferrari 330 GTC, $946,000

Lot 7: 1985 Ferrari 288 GTO, record for a Ferrari 288 GTO, $1,512,500

Lot 12: 1965 Ferrari 330 GT 2+2 Series II, record for a Ferrari 330 GT 2+2, $368,500

Lot 24: 1964 Porsche 904 Carrera GTS, record for a Porsche 904 Carrera GTS, $1,595,000

Lot 25: 1957 Dual-Ghia, record for a Dual-Ghia, $495,000

Lot 28: 1965 Ferrari 500 Superfast, record for a Ferrari 500 Superfast, $1,980,000

Lot 34: 2002 Ferrari F2002, record for a Ferrari Formula 1 car, $2,255,000,

Lot 39: 1957 Ferrari 250 GT 14-Louver Berlinetta, record for a Ferrari 250 Tour de France, $9,460,000

Lot 43: 1956 Porsche 356 1500 GS Carrera Speedster, record for a Porsche 356 Speedster, $1,485,000

Lot 47: 1935 Avions Voisin C25 Aerodyne, record for an Avions Voisin C25 Aerodyne, $1,925,000

Lot 48: 1996 Porsche 993 GT2, record for a Porsche 993, $506,000

Lot 51: 1997 McLaren F1, record for the marque at auction, $8,470,000

Lot 53: 1963 Mercedes-Benz 300 SL Roadster, record for a Mercedes-Benz 300 SL Roadster, $1,622,500

Lot 110: 1974 BMW 2002 Turbo, record for a BMW 2002, $66,000

Lot 111: 1933 Rolls-Royce Phantom II Continental Three-Position Sedanca Coupe, record for a 1933 Rolls-Royce Phantom II, $1,320,000

Lot 114: 1948 Alfa Romeo 6C 2500 Competizione, record for a post-war Alfa Romeo, $4,840,000

Lot 119: 1966 AAR Gurney-Weslake Eagle Mk 1, record for an AAR Gurney-Weslake Eagle Mk 1, $3,740,000

Lot 123: 1937 Bugatti Type 57SC Atalante, record for a Bugatti, $8,745,000

Lot 125: 1958 Maserati 3500 GT Spider Prototype, record for a Maserati 3500 GT, $1,430,000

Lot 130: 1954 Bentley R-Type Continental Fastback, record for a Bentley R-Type Continental, $1,980,000

Lot 131: 1990 Ferrari F40 LM, record for a Ferrari F40 LM, $2,090,000

Lot 133: 1965 Ferrari 275 GTB Long Nose Alloy, record for Ferrari 275 GTB Long Nose Alloy, $2,585,000

Lot 134: 1929 Bentley Speed Six Grafton Coupe, record for Bentley Speed Six, $2,860,000

Lot 143: 1955 Ferrari 250 GT Berlinetta Competizione, record for an early 250 Ferrari 250 GT, $7,150,000

Lot 145: 1956 Porsche 356 A 1500 GS Carrera Coupe, record for a Porsche 356 A 1500 GS Carrera Coupe, $715,000

Lot 149: 1967 Ferrari 365 California Spider, record for a Ferrari 365 California Spider, $2,970,000

Lot 156: 1961 Mercedes-Benz 300 D Cabriolet, record for a Mercedes-Benz 300 D, $495,000

Lots Over $1 Million

Lot 39: 1957 Ferrari 250 GT 14-Louver Berlinetta, $9,460,000

Lot 123: 1937 Bugatti Type 57SC Atalante, $8,745,000

Lot 51: 1997 McLaren F1, $8,470,000

Lot 143: 1955 Ferrari 250 GT Berlinetta Competizione, $7,150,000

Lot 114: 1948 Alfa Romeo 6C 2500 Competizione, $4,840,000

Lot 119: 1966 AAR Gurney-Weslake Eagle Mk 1, $3,740,000

Lot 151: 1957 Ferrari 500 TRC, $3,080,000

Lot 149: 1967 Ferrari 365 California Spider, $2,970,000

Lot 134: 1929 Bentley Speed Six Grafton Coupe, $2,860,000

Lot 133: 1965 Ferrari 275 GTB Long Nose Alloy, $2,585,000

Lot 55: 1929 Duesenberg Model J Disappearing-Top, $2,365,000

Lot 34: 2002 Ferrari F2002, $2,255,000

Lot 131: 1990 Ferrari F40 LM, $2,090,000

Lot 28: 1965 Ferrari 500 Superfast, $1,980,000

Lot 130: 1954 Bentley R-Type Continental Fastback, $1,980,000

Lot 47: 1935 Avions Voisin C25 Aerodyne, $1,925,000

Lot 141: 1955 Mercedes-Benz 300 SL Gullwing, $1,705,000

Lot 53: 1963 Mercedes-Benz 300 SL Roadster, $1,622,500

Lot 24: 1964 Porsche 904 Carrera GTS, $1,595,000

Lot 31: 1952 Ferrari 212 Europa Cabriolet, $1,540,000

Lot 63: 1965 Ferrari 275 GTB, $1,540,000

Lot 7: 1985 Ferrari 288 GTO, $1,512,500

Lot 13: 1964 Shelby 289 Cobra Competition Roadster, $1,485,000

Lot 43: 1956 Porsche 356 1500 GS Carrera Speedster, $1,485,000

Lot 158: 1965 Ferrari 275 GTB, $1,485,000

Lot 125: 1958 Maserati 3500 GT Spider Prototype, $1,430,000

Lot 111: 1933 Rolls-Royce Phantom II Continental Three-Position Sedanca Coupe, $1,320,000

Lot 108: 1964 Ferrari 250 GT Lusso, $1,265,000

Lot 21: 2010 Bugatti Veyron Grand Sport, $1,155,000

Lot 37: 1966 Shelby 427 Cobra, $1,100,000

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