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Press Release

Gooding & Company’s Two-Day Pebble Beach Auctions Realizes More Than $128 Million

3 cars sell above $10 million, 26 cars above $1 million New auction records broken for Ferrari and Porsche.

Pebble Beach, Calif. (August 17, 2015) – Gooding & Company, the official auction house of Pebble Beach Concours d’Elegance®, realized more than $128 million at its Pebble Beach Auctions this weekend, resulting in a two-day sales company record. During the two-day sale, the auction house sold 115 of 129 lots, an 89% sale rate and their highest ever average price of $1,113,896 per car. During the auction weekend, an impressive 26 cars sold over the $1 million mark including three vehicles over $10 million. World records were broken as new market standards were set for Ferrari and Porsche, including a 1961 Ferrari 250 GT SWB California Spider (sold for $16,830,000), 1962 Ferrari 250 GT SWB Berlinetta Speciale (sold for $16,500,000), Le Mans-winning 1982 Porsche 956 (sold for $10,120,000), 1960 Porsche RS60 (sold for $5,400,000), 1957 Ferrari 410 Superamerica Series II Coupe (sold for $5,087,500), and a 1988 Porsche 959 Komfort (sold for $1,732,500). David Gooding, President of Gooding & Company: “New bench marks were set and our company hit a new record for highest two-day sale. We are incredibly grateful and proud for the support and patronage that made this such a successful auction. Our clients understand we selectively consign vehicles of quality and provenance, which is why we consistently have one of the highest sell-through percentages and prices realized in the industry. To hit $128 million in just two days with just 129 cars is a real achievement.”

The iconic 1961 Ferrari 250 GT SWB California Spider approached the auction block, spectators poured into the auction tent to witness this venerable Ferrari example. As expected, this stunning Ferrari sparked a round of electrifying bidding resulting in a final sale of $16,830,000. A single lot record for Gooding & Company auctions. Even bespoke vehicles, such as the charming, nautical 1956 Fiat Eden Roc, commanded a price of $660,000 after a captivating bidding war.

Overall, Ferraris had the strongest showing with superb entries from the marque including Nuccio Bertone’s own 1962 Ferrari 250 GT SWB Berlinetta Speciale (sold for $16,500,000), 1957 Ferrari 410 Superamerica Series II Coupe (sold for $5,087,500), 1967 Ferrari 275 GTB/4 (sold for $3,877,500), 1965 Ferrari 500 Superfast (sold for $3,025,000), 1966 Ferrari 206 S Dino Spider (sold for $2,310,000), 1965 Ferrari 275 GTS (sold for $1,925,000), 1961 Ferrari 250 GT Series II Cabriolet ($1,842,500), 1992 Ferrari F40 (sold for $1,375,000) and a 1961 Ferrari 250 GTE Series I (sold for $797,500).

Demand for exceptional examples on the uptick included a 1934 Packard Twelve 1108 Sport Sedan (sold for $3,630,000), 1960 Porsche RS60 (sold for $5,400,000), 2015 McLaren P1 (sold for $1,925,000), 1988 Porsche 959 Komfort (sold for $1,732,500), 1967 Porsche 906E (sold for $1,650,000), 1955 Mercedes-Benz 300 SL Gullwing (sold for $1,650,000) and a 1965 Aston Martin DB5 Convertible (sold for $1,540,000).

Lots over $10 million from the weekend 1961 Ferrari 250 GT SWB California Spider, sold for $16,830,000 1962 Ferrari 250 GT SWB Berlinetta Speciale, sold for $16,500,000 1982 Porsche 956, sold for $10,120,000

Lots over $1 million from the weekend 1960 Porsche RS60, sold for $5,400,000 1957 Ferrari 410 Superamerica Series II Coupe, sold for $5,087,500 1967 Ferrari 275 GTB/4, sold for $3,877,500 1934 Packard Twelve 1108 Sport Sedan, sold for $3,630,000 1965 Ferrari 500 Superfast, sold for $3,025,000 1966 Ferrari 206 S Dino Spider, sold for $2,310,000 1998 Ferrari 333 SP, sold for $2,090,000 1965 Ferrari 275 GTS, sold for $1,925,000 2015 McLaren P1, sold for $1,925,000 1961 Ferrari 250 GT Series II Cabriolet, sold for $1,842,500 1988 Porsche 959 Komfort, sold for $1,732,500 1955 Mercedes-Benz 300 SL Gullwing, sold for $1,650,000 1934 Rolls-Royce Phantom II Continental Sedanca Drophead Coupe, sold for $1,650,000 1939 Lagonda V-12 Rapide, sold for $1,650,000 1967 Porsche 906E, sold for $1,650,000 1955 Mercedes-Benz 300 SL Gullwing, sold for $1,595,000 1965 Aston Martin DB5 Convertible, sold for $1,540,000 1992 Ferrari F40, sold for $1,375,000 1975 Porsche 911 Carrera 3.0 RSR, sold for $1,292,500 1927 Bentley 6 1/2 Litre Le Mans Sports, sold for $1,210,000 1960 Mercedes-Benz 300 SL Roadster, sold for $1,210,000 1959 Mercedes-Benz 300 SL Roadster, sold for $1,100,000 1956 Maserati A6G/2000 Coupe, sold for $1,045,000

Auctions of automotive excellence will continue at Gooding & Company’s Scottsdale Auctions on January 29 and 30, 2016 and the Amelia Island Auction on March 11, 2016.  Highlights and star cars will be available in the weeks preceding each sale.