Press Release

Gooding & Company Realizes More Than $25 Million on First Day of Scottsdale Auctions

Friday Shines with a $7.7 million 1959 Ferrari 250 GT LWB California Spider 12 New Auction Benchmarks Established on First Day.

Scottsdale, AZ (January 16, 2015) – Gooding & Company, the auction house acclaimed for selling the world’s most significant and valuable collector cars, continues to lead the marketplace realizing more than $25 million following the first of its two-day Scottsdale auctions. The sales tent was full of energy with a wall-to-wall crowd as the auction house sold 56 of the 64 lots, which resulted in an 88% sales rate and an impressive average price of $452,070 per car sold. 

The top Friday lot was the stunning 1959 Ferrari 250 GT LWB California Spider, the 14th California Spider sold at a Gooding & Company Auction. This legendary Ferrari is highly sought-after with exceptional long-term ownership and infrequent public appearances.  It is a storybook example, cared for by one owner for over forty years and is rare even among the few examples in existence. Offered from the Jack Castor estate for public sale for the first time, this beautiful California Spider sparked a round of feverous bidding that resulted in a final sale of $7,700,000.

Additional high points of the day included a 1963 Ferrari 250 GT Lusso (sold for: $1,925,000), a lovely example of Ferrari’s most revered road-going models, and a highly original, low-mileage, pristine condition 1964 Shelby 289 Cobra (sold for: $1,155,000).  The auction house also finalized the day with 12 newly set world auction benchmarks from major brands including Ferrari, Porsche, Rolls-Royce and more.  

David Gooding, President and Founder of Gooding & Company: “The Cal Spider’s exceptional charm along with the model’s steadfast position in the marketplace generated a great sale. The momentum of today’s sale warrants great anticipation for the many star motors on the auction stage tomorrow, including an enchanting 1962 Ferrari 400 Superamerica Series I Couple Aerodinamico, a landmark 1966 Porsche 906 Carrera 6 with a six-year international competition record, and a 1958 Porsche 356 A Speedster, a true barnfind emerging for the first time after decades of storage.” 

Top Ten Results from the Friday Sale Lot 46, 1959 Ferrari 250 GT LWB California Spider, sold for $7,700,000 Lot 25, 1963 Ferrari 250 GT Lusso, sold for $1,925,000 Lot 51, 1959 BMW 507 Series II, sold for $1,815,000 Lot 10, 1965 Ferrari 275 GTS, sold for $1,595,000 Lot 30, 1964 Shelby 289 Cobra, sold for $1,155,000 Lot 38, 1990 Ferrari 641/2, sold for $990,000 Lot 18, 1967 Ferrari 330 GTC, sold for $907,500 Lot 40, 1956 Maserati A6G/2000 Coupe, sold for $715,000 Lot 16, 1963 Porsche 356 Carrera 2 Coupe, sold for $643,500 Lot 27, 1958 Rolls-Royce Silver Cloud I Drophead Coupe, sold for $550,000

Gooding & Company’s Auctions continue tomorrow, Saturday at 11:00 a.m. MST. Highlights for Saturday, January 17th include a 1962 Ferrari 400 Superamerica Series I Couple Aerodinamico (Estimate: $4,000,000-$5,000,000), a 1968 Ferrari 330 GTS (Estimate: $2,600,000-$3,000,000),  a pair of Chevrolet Yenko Super Camaros (Estimate: $425,000-$525,000 each), a 1960 Aston Martin DB4 Series II (Estimate: $400,000-$500,000), a 1967 Ferrari 275 GTB/4 (Estimate: $3,250,000-$3,750,000), a 1960 Alfa Romeo Giuletta SZ (Estimate: $600,000-$800,000), a 1988 Porsche 959 Sport (Estimate: 1,500,000-2,000,000)Jay Leno’s 2008 Dodge Challenger SRT8 auctioned in support of the USO (Estimate: $50,000-$80,000), among many more!