Gooding & Company Concludes Its 18th Annual Pebble Beach Auctions, Realizes over $109 Million in Total Sales
Gooding & Company Concludes Its 18th Annual Pebble Beach Auctions, Realizes over $109 Million in Total Sales
by Gooding & Company | August 22, 2022
Throughout the course of its two-day sale, the auction house realized a total of $109,452,370 led by a 1937 Bugatti Type 57SC Atalante, which achieved $10,345,000 as the second highest sale of the week.
Gooding & Company, the official auction house of the Pebble Beach Concours d'Elegance®, this weekend concluded its 18th annual Pebble Beach Auctions, achieving a total figure of $109,452,370. On Friday, August 19 and Saturday, August 20, the globally renowned firm sold 28 cars for figures well over $1,000,000, and set five new world records at auction. Throughout the weekend, 135 of 158 lots were sold, culminating in an 85% sales rate and an average price of $810,758 per lot.
The top sale of the Pebble Beach Auctions was the elegant 1937 Bugatti Type 57SC Atalante, which achieved an impressive figure of $10,345,000. Among the most important and desirable Bugattis ever created, this special Atalante also became the second most valuable sale of the entire week. Gooding & Company also offered several top of the line, ultra-desirable blue-chip classics, including an incredibly well-preserved, unrestored 1961 Ferrari 400 Superamerica Series I Coupé Aerodinamico which sold for $6,000,000.
Porsches continued to constitute a significantly large portion of the auction house's lineup, and several world records were set with especially rare, important models. The top Porsche sale of the weekend was the 2007 Porsche RS Spyder Evo, which achieved $5,615,000 and set a new world record at auction for the model. With an outstanding race record, including two outright wins and four class wins, this Penske Racing Spyder sits among the most successful prototype racers in all of Porsche history. Yet another significant competition Porsche to cross the auction block was a 1969 Porsche 908/02, which set a new world record at auction for the 908 model by achieving $4,185,000. With a competition history including races at Brands Hatch, Targa Florio, and Nürburgring, this factory-works Porsche 908/02 represented an important moment in time for the marque's legacy as a competition powerhouse. In addition to these tried-and-true racing Porsches, Gooding & Company sold a number of dual-purpose and road-going examples, including a stunning 1973 Porsche 911 Carrera RS 2.7 Lightweight in Seeblau which set a new world record at auction for the model by bringing in $2,425,000.
Confirming the ever-increasing surge of demand for exceptionally well-kept, modern supercars, the auction house also set new records with the sale of '90s exotics from Ferrari and Bugatti. This year, the 1990 Ferrari F40 on offer sold for $3,965,000, setting a new world record at auction for the model. This figure eclipsed the previous auction record of $2,892,500, which was set by Gooding & Company at its 2021 Pebble Beach Auctions. The incredibly low-mileage 1994 Bugatti EB110 Super Sport also set a new world record at auction for the model, achieving $3,167,500. Other stellar supercar sales included the 2004 Ferrari Enzo, which sold for $4,130,000, and a 1995 Ferrari F50 previously owned by heavyweight champion boxer Mike Tyson, which sold for $4,625,000.
The auction house also had the honor of presenting cars from the collections of highly regarded, passionate enthusiasts and collectors, including the late Tony Vincent, privateer legend William M. Wonder, and Rudy 'Mr. 993' Mancinas. The Tony Vincent Estate Collection of predominantly Classic Era offerings was led by the sale of a 1937 Mercedes-Benz 540 K Sport Cabriolet A, which sold for $3,085,000. The top sale of the William M. Wonder Collection of motor sports icons was a 1955 Mercedes-Benz 300 SL Gullwing, which achieved $2,040,000. Further, 100% of offerings from the Rudy 'Mr. 993' Mancinas Collection, consisting of Porsches and BMWs, sold well, as evidenced by the top sale, a 1997 Porsche 993 Carrera 4S which achieved $168,000.
The company also sold a 1937 Bugatti Type 57C Ventoux from the Mark J. Smith Collection for $940,000, as well as a pair of Rolls-Royce Phantoms from the William Maxwell Davis Estate: a 1933 Rolls-Royce Phantom II Continental Tourer, which sold for $456,000, and a 1937 Rolls-Royce Phantom III Sedanca Coupe, which achieved $207,200. Additionally, the auction tent witnessed spirited bidding with the presentation of the 1951 Hudson Hornet Two-Door Coupe specified as the real-life iteration of the 'Doc Hudson' character in Disney•Pixar's Cars (2006), voiced by legendary actor Paul Newman. The Hudson Hornet achieved $168,000 at the auction, and the consignor has pledged a portion of the sale proceeds to Paul Newman's SeriousFun Children's Network.
With its largest ever presentation of offerings to date, Gooding & Company's 2022 Pebble Beach Auctions confirmed the lasting strength of the current market and underscored shifting demand for particular marques and models, including exceptional prewar classics and iconic, low-mileage modern supercars. With the conclusion of its Pebble Beach Auctions, the firm looks toward its London Auction, set to take place in less than just two short weeks on 3 September.
'2022 has certainly been an incredible year for the collector car market, and our Pebble Beach Auctions this year further indicate that the arena is filled with eager, yet intentional, buyers,' said Gooding & Company President and Founder, David Gooding. 'I am proud of the incredible records we set in many categories, but most importantly, I am especially proud of our quality of offerings. We look forward to presenting you with even more of these exceptional offerings at our London Auction in September.'
Lots Sold Over $1 Million:
Lot 33 - 1937 Bugatti Type 57SC Atalante, sold for $10,345,000
Lot 133 - 1961 Ferrari 400 Superamerica Series I Coupé Aerodinamico, sold for $6,000,000
Lot 24 - 2007 Porsche RS Spyder Evo, sold for $5,615,000
Lot 50 - 1995 Ferrari F50, sold for $4,625,000
Lot 44 - 1969 Porsche 908/02, sold for $4,185,000
Lot 47 - 2004 Ferrari Enzo, sold for $4,130,000
Lot 20 - 1990 Ferrari F40, sold for $3,965,000
Lot 149 - 1994 Bugatti EB110 Super Sport, sold for $3,167,500
Lot 159 - 1937 Mercedes-Benz 540 K Sport Cabriolet A, sold for $3,085,000
Lot 40 - 1973 Porsche 911 Carrera RS 2.7 Lightweight, sold for $2,425,000
Lot 162 - 1954 Ferrari 500 Mondial Series I Spider, sold for $2,095,000
Lot 60 - 1955 Mercedes-Benz 300 SL Gullwing, sold for $2,040,000
Lot 126 - 1966 Ferrari 275 GTS, sold for $1,765,000
Lot 36 - 1930 Cadillac Series 452 V-16 Roadster, sold for $1,655,000
Lot 139 - 1957 Mercedes-Benz 300 SL Roadster, sold for $1,600,000
Lot 175 - 1960 Ferrari 250 GT Series II Cabriolet, sold for $1,600,000
Lot 41 - 1962 Mercedes-Benz 300 SL Roadster, sold for $1,572,500
Lot 145 - 1957 Jaguar XKSS Continuation, sold for $1,545,000
Lot 53 - 2019 Porsche 935, sold for $1,462,500
Lot 31 - 1988 Porsche 962C, sold for $1,435,000
Lot 27 - 1950 Gilco-Alfa Romeo 6C 2500 Supergioiello Coupe, sold for $1,380,000
Lot 19 - 1958 Porsche 356 A 1500 GS/GT Carrera Speedster, sold for $1,325,000
Lot 17 - 1976 Porsche 934, sold for $1,275,000
Lot 35 - 1955 Lancia Aurelia B24S Spider America, sold for $1,225,000
Lot 28 - 1993 Porsche 964 Carrera RSR 3.8, sold for $1,215,000
Lot 178 - 1964 Mercedes-Benz 230 SL Coupe Speciale, sold for $1,215,000
Lot 140 - 1994 Porsche 964 Turbo 3.6 S Flachbau, sold for $1,160,000
Lot 166 - 1914 Rolls-Royce Silver Ghost Tourer, sold for $1,160,000
New World Auction Records:
Lot 24 - 2007 Porsche RS Spyder Evo, sold for $5,615,000 (a world record for the model)
Lot 44 - 1969 Porsche 908/02, sold for $4,185,000 (a world record for the model)
Lot 20 - 1990 Ferrari F40, sold for $3,965,000 (a world record for the model)
Lot 149 - 1994 Bugatti EB110 Super Sport, sold for $3,167,500 (a world record for the model)
Lot 40 - 1973 Porsche 911 Carrera RS 2.7 Lightweight, sold for $2,425,000 (a world record for the model)
2022 Pebble Beach Concours d'Elegance® Best of Show:
Winner: 1932 Duesenberg J Figoni Sports Torpedo
Owner: Lee R. Anderson Sr.
At this year's Pebble Beach Concours d'Elegance®, charitable donations surpassed $2.67 million, bringing the event's donation total to over $35 million as of the present.
Website: goodingco.com
Facebook: www.facebook.com/GoodingandCompany
Twitter: @goodingandco
Instagram: @goodingandcompany
YouTube: www.youtube.com/GoodingandCompany
Photo credit: Gooding & Company posted on conceptcarz.com
