3 Classic Ferraris Top Sales at Scottsdale Auction

3 Classic Ferraris Top Sales at Scottsdale Auction

3 Classic Ferraris Top Sales at Scottsdale Auction

$RACE

Gooding & Company is acclaimed for selling some of the world’s most significant and valuable collector cars.

At the weekend in Scottsdale, Arizona, it continued its tradition as a market leader by realizing $49,215,650 at the company’s 11th annual 2-day Scottsdale Auctions.

President David Gooding and Auctioneer Charlie Ross sold 110 of 129 lots for an 85% sales rate, which resulted in a robust average price of $447,415 per car sold, as 12 cars hammered over the $1-M mark.

A large crowd watched as the highlights  of the weekend rolled across the block: the 1965 Ferrari 275 GTB Speciale – originally owned by Battista Pininfarina, selling for a world-record price of $8,085,000, the 1954 Ferrari 500 Mondial selling for a world-record price of $4,455,000, and the 1931 Bugatti Type 55 Roadster selling for $4,070,000.

The crowd erupted with applause after hearing that the 1967 Ferrari 330 GTS would be returning to the original owner’s family with a final sale price of $2,530,000.

Additional highlights included the striking 2014 Pagani Huayra (sold for $2,090,000), the Iso Grifo A3/L Prototype (sold for $1,760,000), the 2015 McLaren P1 (sold for $1,732,500), and the 1953 Ferrari 212 Europa Coupe (sold for $1,067,000).

Top Five World-Record Prices*

  • Lot 134 – 1965 Ferrari 275 GTB Speciale, sold for $8,085,000
  • Lot 34 – 1954 Ferrari 500 Mondial Series I, sold for $4,455,000
  • Lot 28 – 1963 Iso Grifo A3/L Prototype, sold for $1,760,000
  • Lot 124 – 2012 Lexus LFA Nürburgring Package, sold for $825,000
  • Lot 136 – 1951 Alfa Romeo 1900C Sprint, sold for $616,000

“What a thrill to sell such a sensational group of cars, especially the most valuable car of the week,” states David Gooding, President and Founder of Gooding & Company. “Our team worked hard to curate such a fantastic group of historic, high-quality cars and the record-breaking results speak for themselves.”

Fittingly, Ferrari (NYSE:RACE) stock finished at an all time high Monday.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 121.33 22 January 2018 0.37 120.85 121.34 120.5 272,874
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.42) Bullish (0.35) Very Bullish (0.65) Bullish (0.26)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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