Auctions and Brokerage
Pebble Beach, Calif. (August 20, 2013) – Gooding & Company, official auction house of the Pebble Beach Concours d’Elegance® and acclaimed for selling the world’s most significant and valuable collector cars, realized more than $112 million at its Pebble Beach auctions over the weekend. During the two-day sale, Gooding & Company sold 116 of the 127 lots offered, for a 91% sale rate, with an average price per lot of $965,675, and 30 cars sold for over $1,000,000. Among the top highlights of the event were three sales that included:
a 1957 Ferrari 250 GT 14-Louver Berlinetta at $9,460,000 (Lot 39 from the Saturday sale), a world record for a Ferrari 250 Tour de France,
a 1997 McLaren F1 at $8,470,000 (Lot 51 from the Saturday sale), which set a world auction for the marque
a 1937 Bugatti Type 57SC Atalante at $8,745,000 (Lot 123 from the Sunday sale), which set a world auction for a Bugatti
“Our record breaking 10th Anniversary Pebble Beach Auctions boasted a stellar result. Strong results resonated across the board for market leaders such as Ferrari, McLaren and Porsche that clearly demonstrate a growing demand for rare, high level classic cars,” says David Gooding, President and founder of Gooding & Company.
The star lot of the Sunday sale was the 1937 Bugatti Type 57SC Atalante (Lot 123) which sparked one of the evening’s many bidding wars. This extremely authentic example boasts its original chassis, engine and coachwork and features an outstanding, unbroken provenance. Masterfully restored to the highest standards, it was awarded first in class at The Pebble Beach Concours d’Elegance® in 2011. Following several rounds of intense bidding, this stunning car fetched $8,745,000 and set a new world auction record for a Bugatti.
The 1955 Ferrari 250 GT Berlinetta Competizione (Lot 143) touched off fevered bidding. Purchased new by Scuderia Ferrari driver Alfonso de Portago, this beautiful example was strikingly finished in its original Bianca white with grey leather interior and immediately sent to the Bahamas for de Portago’s participation in the Nassau races. It has continued its racing legacy as a participant in more than 10 contemporary Mille Miglias and numerous other historic events. The iconic Ferrari sold for $7,150,000, another record setting price for an early 250 GT.
Bidding was fierce for a 1948 Alfa Romeo 6C 2500 Competizione (Lot 114). One of only two built, this is the only surviving example of this spectacular car. This numbers-matching Alfa has been entered in four consecutive editions of the Mille Miglia, was a 2005 Pebble Beach Concours d’Elegance® Class Award Winner and a fixture in the “Sleeping Beauties” Collection for 40 years. Representing an exceptional collecting opportunity, this rare lot brought a final total of $4,840,000 and a world record for a post-war Alfa Romeo at auction.
“Quite simply an auctioneer couldn’t have more satisfaction or fun than to be charged with the sale of such an array of wonderful cars especially Ferraris and Porsches. Long may it continue,” says Auctioneer Charlie Ross.
The 1966 AAR Gurney-Weslake Eagle Mk 1 (Lot 119) also garnered much bidder interest. A significant piece of American motorsport history, it has been driven by racing legends including Dan Gurney, Bob Bondurant and Bruce McLaren. This incredibly important California-built Grand Prix car won the 1967 Brands Hatch Race of Champions - the first win for an Eagle and the first American car to win a Formula One race in decades. Drawing much pre-sale attention the lot ultimately fetched a record price of $3,740,000.
Overall, Ferraris did well throughout the sale with a 1957 Ferrari 500 TRC (Lot 151) selling for $3,080,000, a 1967 Ferrari 365 California Spider selling for $2,970,000 (Lot 149), and a 1968 Ferrari 330 GTC (Lot 5) selling for $946,000, another world record price at auction.
The sale saw a number of lots surpass expectations as well. A 1933 Rolls-Royce Phantom II Continental Three-Position Sedanca Coupe garnered strong attention from bidders. The car sold for a record price of $1,320,000. The 1955 Mercedes-Benz 300 SL Gullwing (Lot 141) surpassed its estimate of $1,200,000-1,500,000 with a sale total of $1,705,000.
Top Ten Results from the Weekend
1957 Ferrari 250 GT 14-Louver Berlinetta, $9,460,000
1937 Bugatti Type 57SC Atalante, $8,745,000
1997 McLaren F1, $8,470,000
1955 Ferrari 250 GT Berlinetta Competizione, $7,150,000
1948 Alfa Romeo 6C 2500 Competizione, $4,840,000
1966 AAR Gurney-Weslake Eagle Mk 1, $3,740,000
1957 Ferrari 500 TRC, $3,080,000
1967 Ferrari 365 California Spider, $2,970,000
1929 Bentley Speed Six Grafton Coupe, $2,860,000
1965 Ferrari 275 GTB Long Nose Alloy, $2,585,000