Auctions and Brokerage
SANTA MONICA, Calif. (January 22, 2017) – Gooding & Company, the auction house acclaimed for selling the world’s most significant and valuable collector cars, continued its tradition as a market leader by realizing more than $33.4 million at the company’s 10th annual two-day Scottsdale Auctions. President David Gooding and Auctioneer Charlie Ross sold 106 of 126 lots for an 84% sales rate, which resulted in an impressive average price of $315,327 per car sold. The sale, witnessed by enthusiasts near and far, posted nine new benchmarks from Ferrari, Bugatti, Porsche and AMC. The most notable sales were the highly original 1925 Bugatti Type 35 Grand Prix, which sold for a world record price of $3,300,000 and the quintessential 1965 Ferrari 500 Superfast, which sold for $2,915,000.
“Our clients understand the rare and important opportunity to own a significant car that is highly sought after, such as the three-owner 1925 Bugatti Type 35 Grand Prix and the one-owner 1955 Mercedes-Benz 300 SL Gullwing,” notes David Gooding, President and Founder of Gooding & Company. “These types of cars, which are rarely seen at auction and boast incredible provenance, may not come up for sale again for many decades.”
Prewar classics attracted strong bidding from our standing-room-only crowd, as the 1932 Alfa Romeo 6C 1750 Series V Grand Sport sold for $1,595,000, the 1928 Bentley 4 ½ Litre Open Sports Tourer sold for $1,100,000, as well as the 1935 Auburn 851 SC Boattail Speedster sold for $693,000. A new world auction record was set with the 1920 Stutz Series H Bearcat that sold for $451,000.
Paddles were also flying for Postwar sports cars, with the 1969 AMC AMX/3 selling for $891,000, a world record price for the AMC marque. Additional best-of-category sports cars sold included: the 2011 Ferrari 599 SA Aperta (sold for $1,485,000), a record price for the model, the one-owner 1955 Mercedes-Benz 300 SL Gullwing (sold for $1,457,500) and the 1964 Shelby 289 Cobra (sold for $1,100,00).
Top Ten Results:
1925 Bugatti Type 35 Grand Prix (sold for $3,300,000)
1965 Ferrari 500 Superfast (sold for $2,915,000)
1932 Alfa Romeo 6C 1750 Series V Grand Sport Roadster (sold for $1,595,000)
2011 Ferrari 599 SA Aperta (sold for $1,485,000)
1955 Mercedes-Benz 300 SL Gullwing (sold for $1,457,500)
1964 Shelby 289 Cobra (sold for $1,100,000)
1928 Bentley 4 ½ Litre Open Sports Tourer (sold for $1,100,000)
1988 Porsche 959 Komfort (sold for $1,089,000)
1961 Mercedes-Benz 300 SL Roadster (sold for $1,034,000)
1969 American Motors AMX/3 (sold for $891,000)
Gooding & Company’s next auction will take place in Amelia Island, Florida, on Friday, March 10th at the Omni Amelia Island Plantation. The sale will include an array of exceptional motorcars from a variety of top marques. Most notably, four supercars from a Private Porsche Collection will cross the auction block, consisting of the 1998 Porsche 911 GT1 Strassenversion (Estimate Upon Request), the 1993 Porsche 964 Turbo S Leichtbau (estimate: $1,300,000–$1,600,000), the 2011 Porsche 997 GT3 RS 4.0 (estimate: $650,000–$750,000) and the 2011 Porsche 997 GT2 RS (estimate: $550,000–$650,000). Another highlight gracing our Amelia Island stage will be the 2015 McLaren P1 (estimate: $2,000,000–$2,300,000 without reserve), with proceeds from the sale benefiting a professorship at the Rose-Hulman Insititute of Technology. In addition, Gooding & Company is proud to present an exceptional selection of race cars, including the 1989 Mazda 767B and the 1977 Porsche 934/5.