Skip to main content

Gooding & Company's Saturday Pebble Beach Auction realizes more than $60 million
AddThis Social Bookmark Button
By: Gooding & Company

Gooding & Company's Saturday Pebble Beach Auction realizes more than $60 million  In the first of two nights, Gooding & Company's Saturday Pebble Beach Auction realizes more than $60 million

Gooding & Company, the official auction house of the Pebble Beach Concours d'Elegance acclaimed for selling the world's most significant and valuable collector cars, sold more than $60 million in collector cars last night, at the first of its two Pebble Beach evening auctions. Sixty-one of the 68 lots available sold, a 90% sale rate, the most notable being the 1960 Ferrari 250 GT LWB California Spider that set a world record for a LWB California Spider at $11,275,000.

'We had the most successful one-day sale in our Pebble Beach history yesterday with more than $60 million in sales and wonderful excitement surrounding the sale of Jay Leno's Fiat 500,' says David Gooding, President and Founder. 'It's incredible that yesterday's results do not yet take into account two of our star attractions, the von Krieger Special Roadster and Clark Gables's 1935 Duesenberg, which will be offered at our auction this evening following the Concours.'

One of last night's highlights was the sale of Jay Leno's Fiat 500 Prima Edizione benefitting the Fisher House Foundation. United States Secretary of Defense the Honorable Leon Panetta and Chief of Staff of the United States Army General Raymond Odierno joined Leno on stage to introduce the nationally praised four-star, non-profit organization that provides a wide range of services and support to the families of wounded American solders. The first-edition Fiat 500, valued between $25,000–$35,000 according to the auction estimate, realized a final price of $385,000 and attracted an additional $215,000 of charitable contributions, resulting in $600,000 of fundraising for the foundation.

Gooding & Company's Saturday Pebble Beach Auction realizes more than $60 million  

The Sherman M. Wolf Collection of four extraordinary Ferraris resulted in exceptional sales for each of the cars, realizing more than $21.5 million total. The top-selling lot of the esteemed enthusiast's collection was also the top-selling car of the auction, the 1960 Ferrari 250 GT LWB California Spider Competizione that sold for $11,275,000, a world record for a LWB California Spider.

From the William A.C. Pettit III Collection, 12 vehicles sold Saturday, realizing more than $4 million total. As desired by the late collector, estate proceeds will benefit the Shriners Hospital for Children®–Tampa, which leads the way in innovative pediatric specialty care. The top-selling lot of the collection was the legendary 'Blue J,' a 1929 Duesenberg Model J Dual Cowl Phaeton that sold for $1,980,000.

Gooding & Company's Top 10 results from Saturday, August 18, 2012:

• 1960 Ferrari 250 GT LWB California Spider Competizione; $11,275,000 (lot 49)

• 1928 Bentley 4 1/2 Litre Le Mans Sports 'Bobtail'; $6,050,000 (lot 20)

• 1953 Ferrari 340 MM Spider; $4,730,000 (lot 50)

• 1957 Ferrari 500 TRC; $4,510,000 (lot 51)

• 1953 Jaguar C-Type; $3,725,000 (lot 37)

• 1960 Porsche RS60; $3,465,000 (lot 28)

• 1962 Ferrari 400 Superamerica Coupe Aerodinamico; $2,365,000 (lot 34)

• 1929 Duesenberg Model J Dual Cowl Phaeton–'Blue J'; $1,980,000 (lot 12)

• 1955 Maserati A6G/2000 Berlinetta; $1,650,000 (lot 23)

• 1963 Mercedes-Benz 300 SL Roadster; $1,595,000 (lot 66)

Gooding & Company's 2012 Pebble Beach Auctions continue this evening, Sunday, August 19, at the Pebble Beach Equestrian Center, located at the corner of Portola Road and Stevenson Drive. The cars may be previewed throughout the day and the auction will begin at 6:00 p.m. Gooding & Company's Pebble Beach Auctions catalogues are available for $100 and admit two to the viewing and the auctions. General admission tickets to the viewing and auction may be purchased on site for $40. Auctions are broadcast live on Gooding & Company's website. Bidder registration forms, press credentials and additional auction information are also available at http://www.goodingco.com or by calling (310) 899-1960. For additional vehicle information and up-to-the-minute results, follow Gooding & Company on Facebook and Twitter @GoodingCompany.

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. In the past two years, Gooding & Company has 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. The auction house has realized extraordinary results thus far in 2012 at its annual Scottsdale Auctions in January with more than $39.8 million in sales and 98% sold, and its annual Amelia Island Auction in March with more than $36 million in sales and 91% sold. Gooding & Company will conduct its 2013 auctions on January 18 and 19 in Scottsdale, Arizona, on March 9 in Amelia Island, Florida and August 17 and 18 in Pebble Beach, California.

Photo copyright and courtesy of Gooding & Company. Image by Mike Maez.

Photo credit: Gooding & Company

   Recent Articles
BUICK AVENIR AND LEGENDARY Y-JOB CONCEPT CARS STAR AT AMELIA CONCOURS DESIGN SEMINAR

Buick's new Avenir concept car made its surprise debut at the North American International Auto Show on January 11th. On Friday, March 13, 2015 the Avenir (French for future) and the first concept car, Buick's 1938 Y-Job, will take center stage at the 20th annual Amelia Island Concours d'Elegance's THE DESIGN DNA OF ICONIC CARS seminar.

The design seminar, scheduled for 3:00 PM in the Ritz-Carlton Amelia Island's Talbot Ballroom, will be empanelled by three of the auto industry's most ....
Collector Cars in Santa Monica: Auctions America's California Sale Finds New Home at the Historic Barker Hangar

• Auctions America's California sale moves to an exciting new venue in Santa Monica
• Held July 17-18, 2015 event follows two highly successful Auctions America sales in Southern California in 2013 and 2014
• Multi-day auction to feature diverse roster of 300 quality vehicles, catering for collectors of all genres
• Early highlights led by a private San Diego Collection of 50s and 60s American Classics
• Frequently updated list of entries available online at auctionsamerica.com

CULVER CI....
Rita Hayworth's Rare 1953 Cadillac to Appear at Pinehurst Concours

VILLAGE OF PINEHURST, N.C. (Feb. 24, 2015) – A rare Cadillac once owned by 1940s Silver Screen starlet Rita Hayworth will be one of several iconic automobiles of note displayed for patrons attending the 2015 Pinehurst Concours d'Elegance on Saturday, May 2 at Pinehurst Resort.

The 1953 Cadillac coupe Series 62 with bodywork by Ghia is one of only two ever made -- and has a star-studded history. The world's wealthiest man at the time -- Prince Aly Khan -- gave this Cadillac with Ghia co....
Gooding & Company Brings Legendary Maserati 200 SI to Headline Amelia Island Auction

Historical and exotic automobiles from Fiat and Lotus will also cross the block this March

Santa Monica, CA (February 5, 2015) - Gooding & Company, the auction house acclaimed for selling the world's most significant and valuable collector cars, is thrilled to announce the presentation of three legendary motorcars to its Amelia Island Auction. Offerings include an iconic, champion Maserati driven by some of the greatest names in motor sport history and limited-production exampl....
Historic 1955 Jaguar D-Type Joins Starting Grid at RM's Amelia Island Concours d'Elegance Sale

• RM Auctions announces final entries for its Amelia Island, Florida sale, March 14
• Representing RM's finest Amelia Island offering to date, recent highlights include a 1955 Jaguar D-Type, a 1971 Lamborghini Miura SV and a 1972 Ferrari 365 GTB/4 Daytona Spider
• Sale caters to growing popularity of Japanese collector cars with a 1968 Toyota 2000GT and a 1970 Nissan Fairlady Z 432
• Complete digital catalogue now available online at www.rmauctions.com

BLENHEIM, Ontario (February 12, 2....
The Ultimate California Collector Car Beach Party Returns!

The Most Exciting Collector Automobile Auction Company in the World Announces Its Return to Beautiful Newport Beach California for 3rd Annual Auction Event

Scottsdale, Arizona (February 9, 2015) – For Enthusiasts – By Enthusiasts.™ Much more than a tagline, it's our lifestyle. One that infuses all aspects of our auction events. Fresh off a thrilling, action packed and highly memorable Scottsdale auction event, Russo and Steele looks to move our 15th anniversary celebration int....
2015 Alfa Romeo 4C
2015 Alfa Romeo 4C  2015 Alfa Romeo 4C  2015 Alfa Romeo 4C  2015 Alfa Romeo 4C  2015 Alfa Romeo 4C  
2015 Alfa Romeo 4C Spider
2015 Alfa Romeo 4C Spider  2015 Alfa Romeo 4C Spider  2015 Alfa Romeo 4C Spider  2015 Alfa Romeo 4C Spider  2015 Alfa Romeo 4C Spider  
2015 Ferrari California T
2015 Ferrari California T  2015 Ferrari California T  2015 Ferrari California T  2015 Ferrari California T  2015 Ferrari California T  
2015 Ford Pettys Garage Mustang
2015 Ford Pettys Garage Mustang  
2015 McLaren P1 GTR
2015 McLaren P1 GTR  2015 McLaren P1 GTR  2015 McLaren P1 GTR  2015 McLaren P1 GTR  2015 McLaren P1 GTR  
2014 Alfa Romeo 4C
2014 Alfa Romeo 4C  2014 Alfa Romeo 4C  2014 Alfa Romeo 4C  2014 Alfa Romeo 4C  2014 Alfa Romeo 4C  
2014 Alfa Romeo Giulietta Quadrifoglio Verde
2014 Alfa Romeo Giulietta Quadrifoglio Verde  2014 Alfa Romeo Giulietta Quadrifoglio Verde  
2014 Alfa Romeo MiTo Quadrifoglio Verde
2014 Alfa Romeo MiTo Quadrifoglio Verde  2014 Alfa Romeo MiTo Quadrifoglio Verde  
2014 Bugatti Veyron Grand Sport Vitesse Rembrandt
2014 Bugatti Veyron Grand Sport Vitesse Rembrandt  2014 Bugatti Veyron Grand Sport Vitesse Rembrandt  2014 Bugatti Veyron Grand Sport Vitesse Rembrandt  2014 Bugatti Veyron Grand Sport Vitesse Rembrandt  2014 Bugatti Veyron Grand Sport Vitesse Rembrandt  
2014 Chevrolet COPO Camaro
2014 Chevrolet COPO Camaro