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Press Release

Gooding & Company’s 2013 Scottsdale Auctions Realize $52.5 Million, up 31% from 2012

Gooding & Company breaks an Arizona auction week record selling the 1958 Ferrari 250 GT LWB California Spider for $8.25 million. Seven cars sell above the $2 million mark and 12 cars sell above $1 million.

SCOTTSDALE, Az. (January 20, 2013) —Gooding & Company, the auction house acclaimed for selling the world’s most significant and valuable collector cars, realized $52.5 million at its annual Scottsdale Auctions this weekend. The auction house sold 101 of 104 lots, resulting in a 97% sales rate and an impressive average price of $519,727 per car sold. With a 31% increase from last year’s Scottsdale Auctions, these superb results demonstrate the increasing international demand for the rare, best-of-category collector cars that Gooding & Company specializes in bringing to market.

“With our significantly higher total for fewer cars sold at this year’s Scottsdale Auctions, the 2013 season looks brighter than ever for the high-end collector car market,” says David Gooding, President and founder of Gooding & Company. “In line with this market strength, we also continue to develop and improve as a company. The Gooding & Company team is proud to continue providing the best quality service and presentation possible.”

The top-selling lot of the week, Friday’s $8.25 million 1958 Ferrari 250 GT LWB California Spider, broke records for both a steel LWB California Spider and is the most valuable car ever sold in Arizona auction week’s history. Its sale marks the sixth consecutive year the auction house achieved the top-selling lot during January’s annual auction week. In addition, Gooding & Company sold six of the top 10 most valuable cars of all the houses this week.

Power of Preservation and Limited Ownership All original, low-mileage preservation cars with limited-ownership history brought extraordinary results, sometimes doubling estimates for the best models. Examples include a 1956 Lancia Aurelia B24S Spider America that sold for $803,000 (estimate of $400,000 - $450,000), a 1965 Shelby 289 Cobra that sold for $1,320,000 (estimate of $850,000 - $1,100,000), and a 1956 Mercedes-Benz 300 Sc Cabriolet that sold for $825,000, doubling its estimate of $400,000 - $450,000. New owners of these rare, time-capsule cars are among very few in the world who can say they own cars of equal authenticity.

American Top Sales On Saturday, the powerful and exceptionally well-documented 1969 Chevrolet Corvette L88 Roadster sold for $825,000, setting a new record for the model and raising the bar for American collector enthusiasts’ ultimate big-block engine icon. Also, a 1941 Packard Custom Super-8 One-Eighty Sport Brougham sold well at $176,000 without reserve, surpassing its high estimate. Excellent examples of Duesenberg consistently bring in strong multi-million dollar sales such as the 1933 Disappearing-top Murphy Roadster that sold on Saturday for $2,695,000.

Gooding & Company achieved 16 world records over the weekend:

  • 1958 Ferrari 250 GT LWB California Spider (lot 30) at $8,250,000. A world record for a steel Ferrari 250 GT LWB California Spider at auction.

  • 1959 Porsche 718 RSK (lot 112) at $3,135,000. A world record for a Porsche 718 RSK at auction.

  • 1957 Maserati 150 GT Spider (lot 122) at $3,080,000. A world record for a Maserati 150 GT Spider.

  • 1935 Mercedes-Benz 500 K Cabriolet A (lot 38) at $2,750,000. A world record for a Mercedes-Benz 500 K Cabriolet at auction.

  • 1933 Duesenberg Model J Disappearing-Top Convertible Coupe (lot 116) at $2,695,000. A world record for a Duesenberg Model J Murphy Disappearing-Top Convertible Coupe at auction.

  • 1938 Bugatti Type 57C Atalante (lot 25) at $2,035,000. A world record for a Bugatti Type 57C at auction.

  • 2003 Ferrari Enzo (lot 45) at $1,485,000. A world record for a Ferrari Enzo at auction.

  • 1995 Ferrari F50 (lot 8) at $1,375,000. A world record for a Ferrari F50 at auction.

  • 1965 Shelby 289 Cobra (lot 135) at $1,320,000. A world record for a Shelby 289 Cobra at auction.

  • 1957 Ferrari 250 GT Low-Roof Berlinetta (lot 139) at $836,000. A world record for a steel Ferrari 250 GT Low-Roof Berlinetta at auction.

  • 1969 Chevrolet Corvette L88 Roadster (lot 128) at $825,000. A world record for a Chevrolet Corvette L88 at auction.

  • 1947 Cisitalia 202 SMM Spider Nuvolari (lot 16) at $650,000. A world record for a Cisitalia at auction.

  • 1973 Ferrari Dino 246 GTS (lot 14) at $506,000. A world record for a Ferrari Dino 246 GTS at auction.

  • 1955 Porsche 356 Continental Cabriolet (lot 131) at $310,750. A world record for a Porsche 356 Continental Cabriolet at auction.

  • 1965 Alfa Romeo Giulia Sprint Speciale (lot 132) at $198,000. A world record for an Alfa Romeo Giulia Sprint Speciale at auction.

  • 1963 Studebaker Avanti R2 (lot 9) at $74,800. A world record for a Studebaker Avanti R2 at auction.

Gooding & Company’s Top 12 results from the Friday and Saturday Scottsdale Auctions:

  • 1958 Ferrari 250 GT LWB California Spider; $8,250,000 (lot 30)

  • 1959 Porsche 718 RSK; $3,135,000 (lot 112)

  • 1957 Maserati 150 GT Spider; $3,080,000 (lot 122)

  • 1935 Mercedes-Benz 500 K Cabriolet A; $2,750,000 (lot 38)

  • 1933 Duesenberg Model J Disappearing-Top Convertible Coupe; $2,695,000 (lot 116)

  • 1958 Ferrari 250 GT Coupe Speciale; $2,365,000 (lot 126)

  • 1938 Bugatti Type 57C Atalante; $2,035,000 (lot 25)

  • 1957 Mercedes-Benz 300 SL Roadster; $1,540,000 (lot 110)

  • 2003 Ferrari Enzo; $1,485,000 (lot 45)

  • 1995 Ferrari F50; $1,375,000 (lot 8)

  • 1932 Alfa Romeo 6C 1750 Series V Gran Sport; $1,375,000 (lot 32)

  • 1965 Shelby 289 Cobra; $1,320,000 (lot 135)