Gooding and Company reported its 2015 year-end auction sale total of more than $206.5 million with a 90% sell-through rate for 305 lots sold, averaging over $675,000 per car. The 2015 year-end total is the highest ever for the auction house.
“We are both thrilled and grateful for our most successful year here at Gooding & Company,” said David Gooding, President of Gooding & Company. “The prices realized confirm the increase in demand in the collector car market for both pristinely restored, concours-quality examples, as well as highly-original vehicles. We would like to thank our customers for their support and patronage, and look forward to continuing to provide our clientele exceptional offerings in 2016.”
An all-time high for Gooding, the auction house sold 44 cars over $1 million and realized 58 auction records in 2015 for a variety of collector cars, heavily weighted by examples from Ferrari and Porsche. Additional top results were realized for automobiles from Mercedes-Benz, Bentley, Packard, and Rolls-Royce.
The top Gooding and Company 2015 sales were the 1961 Ferrari 250 GT SWB California Spider that sold for $16,830,000, the 1962 Ferrari 250 GT SWB Berlinetta ‘Sharknose’ Speciale that sold for $16,500,000, the Le Mans-winning Rothmans 1982 Porsche 956 that sold for $10,120,000 (a double world record for both the marque and a 956), the 1959 Ferrari 250 GT LWB California Spider that sold for $7,700,000, as well as the 1960 Porsche RS60 that sold for $5,400,000.
Gooding and Company 2015 – Top Ten Lots Sold
1. 1961 Ferrari 250 GT SWB California Spider – $16,830,000
2. 1962 Ferrari 250 GT SWB Berlinetta ‘Sharknose’ Speciale – $16,500,000
3. 1982 Porsche 956 – $10,120,000
4. 1959 Ferrari 250 GT LWB California Spider – $7,700,000
5. 1960 Porsche RS60 – $5,400,000
6. 1957 Ferrari 410 Superamerica Series II Coupe – $5,087,500
7. 1962 Ferrari 400 Superamerica Series I Coupe Aerodinamico – $4,070,000
8. 1967 Ferrari 275 GTB/4 – $3,877,500
9. 1934 Packard Twelve 1108 Sport Sedan – $3,630,000
10. 1967 Ferrari 275 GTB/4 – $3,300,000
Gooding and Company 2015 – Top Five Auction Records (model specific)
1. 1962 Ferrari 250 GT SWB Berlinetta ‘Sharknose’ Speciale – $16,500,000
2. 1982 Porsche 956 – $10,120,000
3. 1960 Porsche RS60 – $5,400,000
4. 1957 Ferrari 410 Superamerica Series II Coupe – $5,087,500
5. 1934 Packard Twelve 1108 Sport Sedan – $3,630,000
Gooding and Company has auctioned off more than $30 million in collector cars over the years supporting charities and foundations around the world. At the Scottsdale Auctions in January, a charity lot was presented from car collector and comedian Jay Leno. Leno’s personal 2008 Dodge Challenger SRT8 hammered at $360,000, and the crowd roared with excitement as bidders donated an additional $200,000 in donations for a total of $565,625 in contributions to the USO.
Generosity was further demonstrated in August at the Pebble Beach Auctions when Jay Leno drove and presented a 2016 Ford Shelby GT350, autographed by President George W. Bush, across the auction block. The Shelby GT350 realized a price of $700,000. Then, attendees made additional donations totaling $185,000, which resulted in $885,000 in proceeds to benefit veterans on behalf of George W. Bush Military Service Initiative. In addition to the 2016 Ford Shelby GT350, proceeds from the sale of the 1957 Ferrari 410 Superamerica Series II Coupe, which sold for $5,087,500, went to benefit the Wayne and Marilyn Nelson Foundation. This foundation assists in the educational opportunities of America’s youth on their path to higher education, from financial assistance for elementary schools to funding college scholarships.
Scottsdale Auctions, January 16-17, 2015 (See Scottsdale Auction Report)
- $51,516,600 in total sales
- 114 of 126 lots sold
- 90% sales rate
- Average price per car sold: $451,900
- 25 world records
- 11 cars sold for over $1 million
Gooding and Company’s 2015 Scottsdale sale achieved a 90% sales rate, with Ferrari and Porsche leading the auction spotlight; a 1962 Ferrari 400 Superamerica Series I Coupe Aerodinamico sold for $4,070,000 and a 1966 Porsche 906 Carrera 6 sold at $1,980,000.
Amelia Island Auction, March 13, 2015 (See Amelia Island Auction Report)
- $26,967,150 in total sales
- 76 of 85 lots sold
- 89% sales rate
- Average price per car sold: $354,831
- 13 world records
- Seven cars sold for over $1 million
Gooding and Company’s 2015 Amelia Island auction achieved a 90% sales rate, led by a 1967 Ferrari 275 GTB/4 at $3,300,000, confirming Ferrari demand that continues to dominate the market. Limited-production sports and racing cars, especially from Porsche, also performed well. The moments of the day included two limited-production examples of the 911 series: a 1974 Porsche 911 Carrera 3.0 RSR, formerly owned and raced by Hector Rebaque, that sold for $1,237,500, and a 1996 Porsche 993 GT2 that sold for $973,500.
Pebble Beach Auctions, August 15-16, 2015 (See Pebble Beach Auction Report)
- $128,098,000 in total sales
- 115 of 129 lots sold
- 89% sales rate
- Average price per car sold: $1,113,896
- 20 world records
- 26 cars sold for over $1 million
- Three cars sold for over $10 million
At the Pebble Beach auctions, Gooding and Company posted its highest-ever average price of $1,113,896 per car, with a 89% sell-through rate. There were numerous highlights throughout the weekend, including the one-off 1962 ‘Sharknose’ Ferrari 250 GT SWB Berlinetta Speciale, a coach-built masterpiece from Nuccio Bertone, which commanded a world-record price of $16,500,000. The top-selling car of the weekend and the year was the Ferrari Classiche-certified 1961 Ferrari 250 GT SWB California Spider, one of 37 examples ever built, that resulted in a sale total of $16,830,000 — a single lot record for Gooding and Company auctions. Additionally, bespoke vehicles performed well, such as the nautical-inspired 1956 Fiat Eden Roc, which commanded a price of $660,000. Other notable sales were the 1957 Ferrari 410 Superamerica Series II Coupe, formerly owned by Princess Soraya of Iran, that sold for $5,087,500; a 1965 Ferrari 500 Superfast that sold for $3,025,000; and a 1988 Porsche 959 Komfort that sold for $1,732,500.
Gooding and Company’s 2016 auctions, now in their second decade, will be conducting its annual Scottsdale Auctions on January 29-30 at Scottsdale Fashion Square, located in Old Town Scottsdale. Early consignments include a 1966 Ferrari 275 GTB, a 1959 Mercedes-Benz 300 SL Roadster and a 1955 Bentley R-Type Continental. The next annual Amelia Island Auction will take place on March 11 in Amelia Island, Florida, and the Pebble Beach Auctions will be held August 20-21 in Pebble Beach, California.
For additional information, visit GoodingCo.com or call (310) 899-1960.
[Source: Gooding and Company]