Gooding & Company, Pebble Beach, California, August 17-18, 2013
Report and photos by Rick Carey, Auction Editor
Consider for a minute the implications of Gooding & Company’s performance at Pebble Beach this year:
- The mean sold car was worth $965,675;
- The median sold car brought $368,500;
- 91.3% of the lots offered were sold on the block or shortly thereafter;
- $112,018,350 changed hands.
Think of the wealth, the overflowing bank accounts gathered in Gooding’s Pebble Beach tent on Saturday and Sunday (don’t breathe a word of it to Occupy organizers who would find it a most opportune demonstration opportunity) that can part with a hundred million dollars for things no one needs. It is scarcely less than breathtaking.
Only eleven cars out of 127 offered failed to find new owners. Think of the work, the contacts, the cajoling, that went into corralling enough money into the tent, onto the phones and hooked up to the Internet to accomplish this and then the work that went into ‘splaining the cars to those both on-site and remote.
Gooding’s results are undeniable. The excitement in the tent was palpable. From time to time that excitement delivers transactions that are scarcely believable, but they frequently become benchmarks.
Concluding on Sunday evening after the Concours, Gooding’s Pebble Beach Auction is a fitting end to an extraordinary week: on the block, track, show fields and the avenues of the Monterey peninsula.