Plus the rest of Gooding & Companies Top 10 sales from Scottsdale 2019.
Gooding & Company beat out rivals RMSotheby’s (NYSE:BID) and Bonhams with a Y 2019 Scottsdale gross of $48.2-M led by its 6 Top-selling Ferraris.
Overall, Gooding sold 105 cars of 124 total, giving a sell-through rate of 85%, the same result it achieved in Y 2018 but with about $1-M less in total sales, an insignificant difference.
The top seller on the day was the heralded 1963 Ferrari 250 GT SWB at $7,595,000. The steel-bodied, dual-purpose road and track car is 1 of just 166 built and one of just 77 series 2 cars built to road-going specifications. The winning bid was right in the middle of Gooding’s presale estimate.
The runner-up was a 1958 Ferrari 250 GT TdF, named for its 3 straight Tour de France race wins in the 1950’s. Considered to be one of the easiest 1950’s GT racers to drive the TdF nomenclature was in recent years imparted to a special edition Ferrari F12. This car is 1 of 36 single-louver examples built and sold for $5,890,000, toward the lower end of its estimate.
A 1953 Ferrari 250 MM Spider Series II sold for $5,395,000, rounding out the all-Ferrari Top 3 of the sale.
One of Gooding & Company’s star cars, the 1964 Ferrari 275 GTB prototype, failed to sell at a high bid of $4.75-M. The car was the 1st 275 GTB built by Scaglietti and competed in the 1966 Monte Carlo rally, yet for all its striking Fly Yellow paint and rally lighting, it failed to sell against an estimate of $6 to $8-M. Given many standard production 275 GTBs sit in the $2 – 3-M range, it appears no bidders found this car’s special history worth the extra cash the seller expected. I am 1 of them.
Below are the Top 10 (6 Ferraris) sales from Gooding & Company’s 2019 Scottsdale auction:
- Lot 121—1963 Ferrari 250 GT SWB Berlinetta, sold for $7,595,000
- Lot 28—1958 Ferrari 250 GT Tour de France Berlinetta, sold for $5,890,000
- Lot 42—1953 Ferrari 250 MM Spider Series II, sold for $5,395,000
- Lot 52—1984 Ferrari 288 GTO, sold for $2,507,500
- Lot 129—1952 Ferrari 212 Europa Cabriolet, sold for $1,930,000
- Lot 135—1963 Ferrari 250 GT Lusso, sold for $1,902,500
- Lot 39—1955 Mercedes-Benz 300 SL Gullwing, sold for $1,435,000
- Lot 17—1964 Shelby 289 Cobra, sold for $1,050,000
- Lot 21—Mercedes-Benz 300 SL Roadster, sold for $1,006,000
- Lot 133—1965 Shelby 289 Cobra, sold for $912,500