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Press Release

Gooding & Company’s Pebble Beach Auctions Saturday Sale Realizes More Than $69.7 Million

15 cars sell above the $1 million mark 7 new auction records set for marques including Ferrari, Porsche and Ford.

Pebble Beach, Calif. (August 16, 2015) – Gooding & Company, the official auction house of Pebble Beach Concours d’Elegance®, realized more than $69.7 million during the first of its two-evening Pebble Beach Auctions. Known for its world-class automotive consignments and record-breaking results, the auction house sold 64 of 69 lots, a 93% sell-through rate that produced an impressive average price of $1,089,726 per car. Confirming the continuing upward market trend in classic Ferraris, multiple auction records were broken at Gooding & Company’s Saturday Sale, including a 1962 Ferrari 250 GT SWB Berlinetta Speciale, 1965 Ferrari 500 Superfast, and a 2001 Ferrari 550 Barchetta. In addition to the record-breaking Ferraris, prices for the 1986 Ford RS200 Evolution, 1939 Lagonda V-12 Rapide, Le Mans-winning Porsche 956, and Porsche 959 Komfort all set world records last evening.

David Gooding, President of Gooding & Company: “This was the most successful one-day sale in our company’s history, which also resulted in the most expensive lot sold at a Gooding & Company auction, the highly anticipated 1962 Ferrari ‘Sharknose’ 250 GT. This very special Ferrari was a terrific success with spirited bidding ultimately realizing a price of $16,500,000.” Attendees of tonight’s auction following the Concours will witness another group of special lots including the venerable 1961 Ferrari 250 GT SWB California Spider, 1960 Porsche RS60 and the charming and much loved 1956 Fiat Eden Roc, which has never before been offered for public sale.

Last night, applause erupted as Jay Leno personally drove and presented the 2016 Ford Shelby GT350 across the auction block, which realized a price of $700,000 to benefiting veterans on behalf of George W. Bush Military Initiative. Joining Jay Leno and others on stage were General Peter Chiarelli, Colonel Miguel Howe and Henry Ford III. The tent was filled with patriotic exuberance as attendees rushed to make additional donations, raising the total proceeds to $885,000.

Lots over $1 million from the Saturday Sale Lot 39 – 1962 Ferrari 250 GT SWB Berlinetta Speciale (sold for $16,500,000) Lot 50 – 1982 Porsche 956 (sold for $10,120,000) Lot 29 – 1967 Ferrari 275 GTB/4 (sold for $3,877,500) Lot 20 – 1965 Ferrari 500 Superfast (sold for $3,025,000) Lot 34 – 1966 Ferrari 206 S Dino Spider (sold for $2,310,000) Lot 59 – 1965 Ferrari 275 GTS (sold for $1,925,000) Lot 62 – 2015 McLaren P1 (sold for $1,925,000) Lot 23 – 1988 Porsche 959 Komfort (sold for $1,732,500) Lot 13 – 1955 Mercedes-Benz 300 SL Gullwing (sold for $1,650,000) Lot 36 – 1934 Rolls-Royce Phantom II Continental Sedanca Drophead Coupe (sold for $1,650,000) Lot 47 – 1939 Lagonda V-12 Rapide (sold for $1,650,000) Lot 37 – 1992 Ferrari F40 (sold for $1,375,000) Lot 48 – 1927 Bentley 6 ½ Litre Le Mans Sports (sold for $1,210,000) Lot 61 – 1960 Mercedes-Benz 300 SL Roadster (sold for $1,210,000) Lot 18 – 1956 Maserati A6G/2000 Coupe (sold for $1,045,000)

Gooding & Company’s Pebble Beach Auctions continue on August 16th at 6:00 p.m. PDT. Exquisite entries in the Sunday sale include a show-stopping 1961 Ferrari 250 GT SWB California Spider (estimate: $16,000,000-$18,000,000), a 1960 Porsche RS60 (estimate: $5,500,000-$7,000,000), a 1957 Ferrari 410 Superamerica Series II Coupe (estimate: $5,000,000-$6,000,000) originally purchased by Shah Reza Pahlavi of Iran, and a Dietrich-built 1934 Packard Twelve 1108 Sport Sedan (estimate: $2,000,000-$3,000,000).