Gooding & Company realized $52.5 million at its annual Scottsdale Auctions this weekend. The auction house sold 101 of 104 lots, resulting in a 97% sales rate and an impressive average price of $519,727 per car sold. With a 31% increase from last year’s Scottsdale Auctions, these superb results demonstrate the increasing international demand for the rare, best-of-category collector cars that Gooding & Company specializes in bringing to market.
“With our significantly higher total for fewer cars sold at this year’s Scottsdale Auctions, the 2013 season looks brighter than ever for the high-end collector car market,” says David Gooding, president and founder of Gooding & Company. “In line with this market strength, we also continue to develop and improve as a company. The Gooding & Company team is proud to continue providing the best quality service and presentation possible.”
the top-selling lot of the week, Friday’s $8.25 million 1958 Ferrari 250 GT LWB California Spider, broke the record for a steel LWB California Spider and is the most valuable car ever sold in Arizona auction week’s history. Its sale marks the 6th consecutive year the auction house achieved the top-selling lot during January’s annual auction week. In addition, Gooding & Company sold six of the top 10 most valuable cars of all the houses this week.
Power of Preservation and Limited Ownership
All original, low-mileage preservation cars with limited-ownership history brought extraordinary results, sometimes doubling estimates for the best models. Examples include a 1956 Lancia Aurelia B24S Spider America that sold for $803,000 (estimate of $400,000 – $450,000), a 1965 Shelby 289 Cobra that sold for $1,320,000 (estimate of $850,000 – $1,100,000), and a 1956 Mercedes-Benz 300 Sc Cabriolet that sold for $825,000, doubling its estimate of $400,000 – $450,000. New owners of these rare, time-capsule cars are among very few in the world who can say they own cars of equal authenticity.
American Top Sales
On Saturday, the powerful and exceptionally well-documented 1969 Chevrolet Corvette L88 Roadster sold for $825,000, setting a new record for the model and raising the bar for American collector enthusiasts’ ultimate big-block engine icon. Also, a 1941 Packard Custom Super-8 One-Eighty Sport Brougham sold well at $176,000 without reserve, surpassing its high estimate. Excellent examples of Duesenberg consistently bring in strong multi-million dollar sales such as the 1933 Disappearing-top Murphy Roadster that sold on Saturday for $2,695,000.
Gooding & Company achieved 16 world records over the weekend:
1958 Ferrari 250 GT LWB California Spider (lot 30) at $8,250,000
A world record for a Ferrari 250 GT LWB California Spider at auction.
1959 Porsche 718 RSK (lot 112) at $3,135,000
A world record for a Porsche 718 RSK at auction.
1957 Maserati 150 GT Spider (lot 122) at $3,080,000
A world record for a Maserati 150 GT Spider.
1935 Mercedes-Benz 500 K Cabriolet A (lot 38) at $2,750,000
A world record for a Mercedes-Benz 500 K Cabriolet at auction.
1933 Duesenberg Model J Disappearing-Top Convertible Coupe (lot 116) at $2,695,000
A world record for a Duesenberg Model J Murphy Disappearing-Top
Convertible Coupe at auction.
1938 Bugatti Type 57C Atalante (lot 25) at $2,035,000
A world record for a Bugatti Type 57C at auction.
2003 Ferrari Enzo (lot 45) at $1,485,000
A world record for a Ferrari Enzo at auction.
1995 Ferrari F50 (lot 8) at $1,375,000
A world record for a Ferrari F50 at auction.
1965 Shelby 289 Cobra (lot 135) at $1,320,000
A world record for a Shelby 289 Cobra at auction.
1957 Ferrari 250 GT Low-Roof Berlinetta (lot 139) at $836,000
A world record for a steel Ferrari 250 GT Low-Roof Berlinetta at auction.
1969 Chevrolet Corvette L88 Roadster (lot 128) at $825,000
A world record for a Chevrolet Corvette L88 at auction.
1947 Cisitalia 202 SMM Spider Nuvolari (lot 16) at $650,000
A world record for a Cisitalia at auction.
1973 Ferrari Dino 246 GTS (lot 14) at $506,000
A world record for a Ferrari Dino 246 GTS at auction.
1955 Porsche 356 Continental Cabriolet (lot 131) at $310,750
A world record for a Porsche 356 Continental Cabriolet at auction.
1965 Alfa Romeo Giulia Sprint Speciale (lot 132) at $198,000
A world record for an Alfa Romeo Giulia Sprint Speciale at auction.
1963 Studebaker Avanti (lot 9) at $74,800
A world record for an Avanti at auction.
Gooding & Company’s Top 12 results from the Friday and Saturday Scottsdale Auctions:
1958 Ferrari 250 GT LWB California Spider; $8,250,000 (lot 30)
1959 Porsche 718 RSK; $3,135,000 (lot 112)
1957 Maserati 150 GT Spider; $3,080,000 (lot 122)
1935 Mercedes-Benz 500 K Cabriolet A; $2,750,000 (lot 38)
1933 Duesenberg Model J Disappearing-Top Convertible Coupe; $2,695,000 (lot 116)
1958 Ferrari 250 GT Coupe Speciale; $2,365,000 (lot 126)
1938 Bugatti Type 57C Atalante; $2,035,000 (lot 25)
1957 Mercedes-Benz 300 SL Roadster; $1,540,000 (lot 110)
2003 Ferrari Enzo; $1,485,000 (lot 45)
1995 Ferrari F50; $1,375,000 (lot 8)
1932 Alfa Romeo 6C 1750 Series V Gran Sport; $1,375,000 (lot 32)
1965 Shelby 289 Cobra; $1,320,000 (lot 135)
Image copyright and courtesy of Gooding & Company. Photo by Eric Fairchild.