Gooding & Company Pebble Beach Auction Results

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Pebble Beach CA, Aug 18 2014 - Gooding & Company, the auction house acclaimed for its world-class automotive auctions and record-breaking results, realized more than $106 million at its Pebble Beach Auctions over the weekend. During the two-day sale, the auction house sold 107 of 121 lots, which resulted in an 88% sale rate, with an average price of $990,699 per car and an impressive 30 cars sold for over $1 million. Auction records were broken throughout the weekend festivities, as new benchmarks in automotive excellence were set for 16 cars including a 1961 Ferrari 250 GT California Spider, a 1955 Aston Martin DB3S and a 1956 Maserati 250F, among others.

Lot 32, 1955 Aston Martin DB3S, sold for $5,500,000

David Gooding, President of Gooding & Company: “In addition to the many record setting prices, our auctions have become renowned as a destination. The tent was packed with enthusiasts buying and selling the best examples while luminaries including Jay Leno and Sir Stirling Moss added to the excitement.”

1961 Ferrari 250 GT SWB California Spider $15,180,000

The top lot of the weekend overall was the 1961 Ferrari 250 GT SWB California Spider. This Ferrari is the highly sought-after covered-headlight example. In addition to this distinction, 2903 GT is one of a limited number of SWB California Spiders factory equipped with an optional hardtop. Offered for sale for the first time in over 14 years, this stunning Ferrari sparked a round of feverous bidding that resulted in a final sale of $15,180,000, a world record for a Ferrari 250 GT SWB California Spider.

1959 Ferrari 250 GT Series I Cabriolet $5,610,000

Overall, Ferraris did extremely well throughout the sale with exquisite entries from the marque including a 1959 Ferrari 250 GT Series I Cabriolet (sold for: $5,610,000), a 1965 Ferrari 275 GTB Long Nose Alloy (sold for: $4,620,000), a 2001 Ferrari 333 SP (sold for: $2,365,000), a 1964 Ferrari 250 GT Lusso (sold for: $2,365,000), a 1956 Ferrari 250 Europa GT (sold for: $2,310,000), a 1964 Ferrari 250 GT Lusso (sold for $2,200,000) and a 1960 Ferrari 250 GT Series II Cabriolet (sold for: $2,090,000).

1957 Buick Caballero Estate Wagon $280,000

Applause echoed throughout the auction tent during unforgettable moments: Sir Stirling Moss presenting the 1956 Maserati 250F (sold for: $4,620,000), which he triumphantly drove to victory in the 1956 Italian Grand Prix, and Jay Leno’s energetic participation in the charity sales of the 1957 Buick Caballero Estate Wagon (sold for: $280,000) and the 2014 BMW i8 (sold for: $825,000).

1967 Mazda Cosmo 110 Sport $264,000

Demand for elite marques on the uptick included a 1958 BMW 507 Series II (sold for $1,925,000), a 1963 Porsche 356 Carrera 2 (sold for $517,000), a 1967 Toyota 2000 GT (sold for $1,155,000) and a 1967 Mazda Cosmo 110 Sport (sold for $264,000).

Auctioneer Charlie Ross: “What a sale!…30 cars sold in excess of $1 million and several world auction records–including the magnificent California Spider which, after a round of spirited bidding topped $15 million dollars.”

Lots sold over $1 Million from the weekend:

1965 Alfa Romeo Giulia TZ $1,023,000

1964 Ferrari 250 GT Lusso $2,365,000

1992 AAR/Toyota Eagle Mk III GTP $1,045,000

1936 Auburn 852 SC Boattail Speedster $1,210,000

1967 Brabham-Repco BT24 $1,050,000

1974 Lamborghini Countach LP400 Periscopo $1,870,000

1965 Ferrari 275 GTB Long Nose Alloy $4,620,000
1956 Maserati 250F $4,620,000
1939 Alfa Romeo Tipo 256 Cabriolet Sportivo $4,000,000
1967 Ford GT40 Mk 1 $3,520,000
2001 Ferrari 333 SP $2,365,000
1956 Ferrari 250 Europa GT $2,310,000
1964 Ferrari 250 GT Lusso $2,200,000
1960 Ferrari 250 GT Series II Cabriolet $ 2,090,000
1948 Tucker 48 $2,035,000
1958 BMW 507 $1,925,000
1957 Mercedes-Benz 300 SL Roadsterr $1,705,000
1963 Mercedes-Benz 300 SL Roadster $1,512,500
Porsche 959 KOMFORTr $1,485,000
1964 Aston Martin DB5 $1,485,000
1955 Lancia Aurelia B24S Spider America $1,347,500
1990 Ferrari F40 $1,320,000
1967 Toyota 2000 GT $1,155,000
1958 Aston Martin DB Mark III Drop Head Coupe $1,012,000
1955 Alfa Romeo 1900C SS Coupe $ 1,012,000
Porsche 911 Carrera 3.0 RS $1,001,000

Auctions of automotive excellence will continue at Gooding & Company’s Scottsdale Auctions on January 16 and 17, 2015 and the Amelia Island Auction on March 13, 2015.

Source: Gooding & Company

Photos: Randy Berg

Pictured below: 1952 Jaguar XK120 Roadster $181,500; and 1924 Renault 6CV $41,800