Gooding & Company Posts Record Results at Pebble Beach Auction

Gooding & Company Posts Record Results at Pebble Beach Auction

Gooding & Company Posts Record Results at Pebble Beach Auction

Record results, including 4 $10-M+ lots and 26 cars fetching $1-M+, made for  Gooding & Co’s most successful 2-day auction ever.

Sales at the weekend totaled $129.8-M, with 115 of the 138 (83%) cars offered selling .

4 cars hammered above $10-M mark, the top seller was a 1959 Ferrari 250 GT LWB California Spyder Competizione , which sold for $18,150,000. The Ferrari is the most expensive lot ever sold by the auction house.

Gooding & Company has broken many records, with new records for: Ferrari, Alfa Romeo, Bugatti, Porsche, Packard, and Maserati.

That includes the 1933 Alfa Romeo 8C 2300 Monza which made $11,990,000, and the iconic 1932 Bugatti Type 55 Roadster, selling for $10,400,000, which is the most expensive Bugatti ever sold at auction.

‘To break $129 million in just two days is astounding and speaks to this year’s distinguished offering. Our clients recognize that we carefully curate our auctions to showcase the highest quality,’ says David Gooding, President and Founder of Gooding & Company. ‘We appreciate their patronage and support, as we achieved our most successful sale to date. I look forward to seeing all of you in 2017.’

2016 Gooding & Company Pebble Beach auction results

Lots over $10-M from the weekend:

1959 Ferrari 250 GT LWB California Spider Competizione, sold for $18,150,000
1960 Ferrari 250 GT SWB Berlinetta Competizione, sold for $13,500,000
1933 Alfa Romeo 8C 2300 Monza, sold for $11,990,000
1932 Bugatti Type 55 Roadster, sold for $10,400,000

Lots over $1-M from the weekend:

1950 Ferrari 166 MM Berlinetta, sold for $5,445,000
1979 Porsche 935, sold for $4,840,000
1957 Maserati A6G/54 Spider, sold for $3,300,000
1967 Ferrari 275 GTB/4, sold for $3,245,000
1954 Aston Martin DB2/4 Spider, sold for $3,080,000
1968 Ferrari 330 GTS, sold for $2,502,500
1985 Ferrari 288 GTO, sold for $2,420,000
1971 Lamborghini Miura P400 SV, sold for $2,255,000
1930 Packard 734 Speedster Runabout, sold for $2,090,000
1955 Lancia Aurelia B24S Spider America, sold for $2,007,500
1932 Rolls-Royce Phantom II Continental Berline, sold for $1,760,000
1961 Maserati 5000 GT Coupe ‘Indianapolis’, sold for $1,677,500
1971 Maserati Ghibli 4.9 SS Spider, sold for $1,500,000
1960 Ferrari 250 GT Series II Cabriolet, sold for $1,500,000
1956 Ferrari 250 GT Alloy Coupe, sold for $1,485,000
1955 Mercedes-Benz 300 SL Gullwing, sold for $1,430,000
1988 Porsche 959 Komfort, sold for $1,320,000
1960 Mercedes-Benz 300 SL Roadster, sold for $1,237,500
1931 Marmon Sixteen Convertible Coupe, sold for $1,210,000
1994 Porsche 964 Turbo 3.6 S Flachbau, sold for $1,100,000
1937 Mercedes-Benz 540 K Cabriolet C, sold for $1,072,500
1914 Marmon 41 Speedster, sold for $1,017,000

Have a terrific week.

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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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