Gooding Wraps up Night One with $21m in Sales

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Collection of Don & Joan Lyons realized more than $1m on Saturday night
PEBBLE BEACH, CALIFORNIA (August 16, 2009) – Gooding & Company, the official auction house of the Pebble Beach Concours d’Elegance, sold an impressive 83% of all Saturday offerings, earning more than $21 million from 74 lots sold. Three world record-breaking sales were achieved – the 1953 Aston Martin DB 2/4 drophead coupe at $1,650,000, the 1953 Jaguar XK 120SE roadster at $192,500, and the 1938 Buick Limited Series 80 Opera brougham at $506,000. The evening’s highest sale was the red hot 1958 Ferrari 250 GT LWB California Spyder at $2,750,000.

A highlight for many enthusiasts was the sale of Ettore Bugatti’s own 1938 Bugatti Type 57C Special coupe, which passed hands to its new caretaker at price of $1,375,000.

Gooding & Company’s top ten sales results from Saturday evening’s auction event:

· Lot 37 – 1958 Ferrari 250 GT LWB California Spider at $2,750,000

· Lot 62 – 1953 Aston Martin DB 2/4 Drop Head Coupe at $1,650,000 (New World Record)

· Lot 31 – 1938 Bugatti Type 57C Special Coupe at $1,375,000

· Lot 34 – 1932 Packard Model 904 Individual Custom Eight Convertible Victoria at $750,000

· Lot 35 – 1911 Rolls-Royce 40/50 HP Silver Ghost Roi-Des-Belges Tourer at $682,000

· Lot 36 – 1924 Delage GL Skiff-Torpedo at $660,000

· Lot 89 – 1957 Mercedes-Benz 300 SL Roadster at $561,000

· Lot 65 – 1931 Cadillac 452A V-16 Sport Phaeton at $550,000

· Lot 23 – 1938 Buick Limited Series 80 Opera Brougham at $506,000 (World Record for Pre-War Buick)

· Lot 71 – 1953 Jaguar XK120 SE Roadster at $192,500 (New World Record)

Another noteworthy highlight was the sale of a historic collection of American race cars from the Don & Joan Lyons Collection that collectively realized $1,034,000 in sales for all seven lots consigned without reserve. The 1964 Dean Van Lines Roadster, the star of this collection and the car that launched the career of racing legend Mario Andretti, sold for $231,000.

The two-day auction at the Pebble Beach Equestrian Center concludes with a Sunday night sale, which begins at 6pm.

Visit www.goodingco.com for more.

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