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

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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

Sixteen World Records Realized for Best-of-Category Cars Sold

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.

This 1958 Ferrari 250 GT LWB California Spider sold for $8.25 million at Gooding & Company's Scottsdale Auctions on January 18 and 19,
breaking records for both a steel LWB California Spider and is the most valuable car ever sold in Arizona auction week's history.
Image copyright and courtesy of Gooding & Company. Photo by Eric Fairchild.

“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.”  

This 1959 Porsche 718 RSK sold for a record-breaking $3,135,000, marking the second highest sale of Gooding & Company's Scottsdale Auctions on January 18 and 19.
Image copyright and courtesy of Gooding & Company. Photo by Mike Maez. 

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.

This low-mileage, 'garage find' 1956 Lancia Aurelia B24S Spider America sold for $803,000 at Gooding & Company's Scottsdale Auctions on January 18 and 19.
Image copyright and courtesy of Gooding & Company. Photo by Eric Fairchild. 

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.

This 1933 Duesenberg Model J Convertible Coupe by Murphy sold for a record-breaking $2,695,000 at Gooding & Company's Scottsdale Auctions on January 18 and 19.
Image copyright and courtesy of Gooding & Company. Photo by Mike Maez. 

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 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 (lot 9) at $74,800
    A world record for an Avanti 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)

About Gooding & Company 
Gooding & Company, internationally celebrated for its world-class automotive auctions, provides unparalleled service in the collector car market, offering a wide range of services including private and estate sales, appraisals and collection management.  Recently completing its most successful year to date, Gooding & Company realized 45 world records and sold more than $189.6 million in collector cars at its 2012 auctions. At its 2011 Pebble Beach Auction, the auction house realized the most prestigious automotive record in the world for a car sold at auction with the iconic 1957 Ferrari 250 Testa Rossa Prototype at $16.39 million.  Preceding each auction, a complete catalogue is made available online at www.goodingco.com and a virtual auction guide is published via Gooding & Company’s IAC award-winning iPhone and iPad app. The annual Amelia Island Auction will take place on March 9, 2013 and Pebble Beach Auctions will be held on August 17 and 18. For additional vehicle information and up-to-the-minute results, follow Gooding & Company on Facebook and Twitter @GoodingCompany.

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CONTACT:
Katie Hellwig
Gooding & Company
(310) 526-0584
Katie@goodingco.com