Concept Carz Home Concepts and PrototypesAbout Follow ConceptCarz on Facebook Follow ConceptCarz on Twitter RSS News Feed
 
 Automotive NewsArrow PictureUp 44%, Gooding & Company reports more than $189 million and 45 world records from its 2012 automotive auction sales 
Up 44%, Gooding & Company reports more than $189 million and 45 world records from its 2012 automotive auction salesAddThis Social Bookmark Button
By: Gooding & Company

Up 44%, Gooding & Company reports more than $189 million and 45 world records from its 2012 automotive auction sales  Gooding & Company, the auction house acclaimed for selling the world's most significant and valuable collector cars, is pleased to report its 2012 year-end sales of more than $189.6 million for 296 lots sold, averaging $640,635 per car. The 2012 year-end total is 44% higher than last year's results for the same number of cars sold, a significant increase that demonstrates the rising demand for extraordinary cars as well as the quality presented by the auction house.

'Our 2012 auctions attracted an unprecedented level of international spectators and new collectors, which shows us that there continues to be a growing demand all over the world for blue chip cars,' says David Gooding, President and Founder. 'I anticipate an even greater sophistication among buyers and sellers in 2013, greater appreciation for historic, pre-war cars and more interest in post-war European sports cars in our thriving, global community.'

The auction house's top two record-breaking sales this year were the 1936 Mercedes-Benz 540 K Special Roadster that sold for $11,770,000, a double world record for a Mercedes-Benz and a pre-war car at auction, and the 1960 Ferrari 250 GT LWB California Spider Competizione that sold for $11,275,000, a world record for a Ferrari California Spider at auction. Both cars were sold at the Pebble Beach Auctions in August, in association with the Pebble Beach Concours d'Elegance, the world's premier car show, and also rank as the world's top two most valuable cars sold at auction in 2012, to date.

Summary of world records

Up 44%, Gooding & Company reports more than $189 million and 45 world records from its 2012 automotive auction sales  Gooding & Company realized 45 world auction records in 2012 for a variety of blue chip collector cars, heavily weighted by post-war examples of Ferrari and Porsche. Ten records were realized for historic pre-war automobiles of the marques Mercedes-Benz, Bentley, Packard, and Duesenberg.

Summary of cars sold over $1 million

An all-time high for the auction house as well as the automotive auction industry, Gooding & Company sold 41 cars over $1 million each this year compared to 27 cars in 2011. The top five sales ranged from $6.05 million to $11.77 million, constituted by the 1936 Mercedes-Benz 540 K Special Roadster, 1960 Ferrari 250 GT LWB California Spider Competizione, 1957 Ferrari 250 GT LWB California Prototype, 1955 Ferrari 857 Sport and 1928 Bentley 4 ½ Litre Le Mans Sports 'Bobtail.'

Cars for Charity

Gooding & Company has auctioned off more than $30 million in collector cars over the years benefitting charities that impact various causes and foundations around the world. Its highest profile charity moment this year occurred in August at the Pebble Beach Auctions when Gooding & Company auctioned Jay Leno's personal 2012 Fiat 500 Prima Edizione to raise money for Fisher House Foundation. The first-edition Fiat 500, valued between $25,000–$35,000 according to auction estimate, realized an extraordinary final price of $385,000 and attracted an additional $215,000 of charitable contributions, resulting in $600,000 in fundraising for the foundation. United States Secretary of Defense the Honorable Leon Panetta and Chief of Staff of the United States Army General Raymond Odierno joined Jay Leno as special guests on stage with David Gooding and Auctioneer Charlie Ross in support of the foundation.

Scottsdale Auctions, January 20 & 21

• $39,833,900 total sold including a 10% buyer's premium

• 116 of 118 lots sold

• 98% sales rate

• Average price per car sold: $343,395

• 13 world records

Its most successful Scottsdale Auctions to date, Gooding & Company sold $39.8 million at its January two-day sale with 98% sold and 13 world records realized by top-of-category cars. For the fifth consecutive year, Gooding & Company sold the most valuable car of the week, a 1955 Mercedes-Benz 300 SL Alloy Gullwing for $4.62 million, realizing a double world record for a 300 SL and an Alloy Gullwing. Collectors also demonstrated strong demand for the six exceptionally-restored Packard Twelves from the Thomas A. Moretti Estate Collection, which collectively realized $2.662 million. As an important barometer for the industry, these successful Scottsdale results set a strong tone and pace for the year.

Amelia Island Auction, March 9

• $36,057,800 total sold including a 10% buyer's premium

• 70 of 77 lots sold

• 91% sales rate

• Average price per car sold: $515,111

• 11 world records

In Amelia Island, attention was on the Porsche marque when Gooding & Company offered the exceptional Drendel Family Collection. The renowned Porsche collection included seventeen iconic road models and sports racing cars that collectively sold above $17.7 million, realizing nine of the auction's 11 overall world records. The top-selling lot of the Amelia Island weekend was the Drendel Family Collection's 1973 Porsche 917/30 Can-Am Spyder that sold for $4.4 million. A 1955 Porsche 550/1500 RS Spyder also sold for $3.685 million, a world auction record for a Porsche 550 Spyder. Gooding & Company's one-day, $36 million Amelia Island Auction made a significant impact on the industry as an important venue for the high-end market among both US and European collectors.

Pebble Beach Auctions, August 18 & 19

• $113,736,300 total sold including a 10% buyer's premium

• 110 of 123 lots sold

• 89% sales rate

• Average price per car sold: $1,033,966

• 21 world records

The highest, all-time recorded sale in automotive history, Gooding & Company's Pebble Beach Auctions were tremendously successful this year with more than $113.7 million in sales for 110 lots sold over two days, averaging $1,033,966 per car. With values at an all-time high for the very best, the auction house sold two cars over $11 million each and five cars over $6 million each. Significant offerings for enthusiasts who seek rare provenance, the Sherman M. Wolf Collection of four Ferraris collectively realized $21.5 million and the William A.C. Pettit, III Collection of 12 unrestored Classics realized more than $4 million overall.

Looking forward to 2013

Gooding & Company will be conducting its annual Scottsdale Auctions on January 18 and 19 at Scottsdale Fashion Square, located at the corner of E. Camelback Road and N. 68th Street. Early star consignments include the 1957 Maserati 150 GT Prototype valued in excess of $3 million, a 1938 Bugatti Type 57C Atalante, 2003 Ferrari Enzo and 1995 Ferrari F50. The next annual Amelia Island Auction will take place on March 9 in Amelia Island, Florida and Pebble Beach Auctions will be held on August 17 and 18 in Pebble Beach, California. Bidder registration forms, press credentials and additional auction information are available at www.goodingco.com or by calling (310) 899-1960.

Photo Information:

1st Image: The world's top-selling car at auction in 2012 (to date), the 1936 Mercedes-Benz 540 K 'von Krieger' Special Roadster sold at Gooding & Company's Pebble Beach Auctions for $11.77 million, a double world record for a Mercedes-Benz and pre-war car at auction. Image copyright and courtesy of Gooding & Company. Photo by Mike Maez.

2nd Image: From the Sherman M. Wolf Collection, the 1960 Ferrari 250 GT LWB California Spider Competizione sold at the Pebble Beach Auctions for $11.275 million, a world record for a Ferrari California Spider. This car is also the second most valuable car sold at auction in world this year. Image copyright and courtesy of Gooding & Company. Photo by Brian Henniker.

Photo credit: Gooding & Company

   Recent Articles
SPECTACULAR 1956 FERARRI 250 GT ‘TOUR DE FRANCE' LEADS RM AUCTIONS' £22 MILLION LONDON SALE

• RM concludes yet another incredible London auction with approximately £22 million in sales and 86 percent of all lots sold
• Packed auction room sees international audience representing 35 countries fight to secure some of the best preserved, low mileage collector cars ever offered to market
• Top sellers: 1956 Ferrari 250 GT Berlinetta Competizione 'Tour de France' secures £4,872,000, while rare 1966 Ferrari 275 GTB Alloy achieves £1,960,000
• Highly original 1964 Shelby 289 Competition Co....
HILTON HEAD ISLAND MOTORING FESTIVAL & CONCOURS D'ELEGANCE ANNOUNCES EXPANSION OF 2014 SAVANNAH SPEED CLASSIC

• Celebrating a decade of vintage racing, the Savannah Speed Classic boasts exciting additions, brings racing back to its roots


HILTON HEAD ISLAND, S.C. – The Hilton Head Island Motoring Festival & Concours d'Elegance (HHIMF), one of the nation's largest and fastest-growing automotive and motorsports enthusiast event weeks, today announced the expansion of its Savannah Speed Classic, held October 24 – 26. The Savannah Speed Classic presented by Mingledorff's, Inc., brings togeth....
McLAREN P1™ GTR TO DEBUT ALONGSIDE UNIQUE 650S AT CHANTILLY ARTS & ELEGANCE AS DEVELOPMENT CONTINUES

◾McLaren to exhibit at inaugural Chantilly Arts & Elegance event in France
◾McLaren P1™ GTR design concept to make European debut as development continues
◾Development shots of the McLaren P1™ GTR show race track-inspired camouflage
◾Unique MSO-commissioned 650S Coupé to be showcased

The McLaren P1™ GTR design concept will make its European premiere at this weekend's Chantilly Arts & Elegance concours (6-7 September), following a global unveil last month at the Pebble Beach automotive wee....
'CARS OF THE COWBOYS' CLASS COMING TO THE 2015 AMELIA ISLAND CONCOURS D'ELEGANCE

On March 15, 2015, the 20th annual Amelia Island Concours d'Elegance will display the eclectic and eccentric cars customized and modified to promote America's movie and TV cowboys with the highly anticipated 'Cars of the Cowboys' class. In true 'Amelia' tradition, this unique display on the 10th and 18th fairways of The Golf Club of Amelia Island at The Ritz-Carlton will put fun ahead of fad and fashion as the first gathering of cowboy vehicles at a major international Concours.

Featur....
Darth Vader car to be shown at Palos Verdes Concours d'Elegance on September 14

The theme of the 22nd annual Palos Verdes Concours d'Elegance is Innovation, and Mattel's Darth Vader Car certainly reflects this. It is one of several iconic vehicles that will be displayed alongside the nearly 200 classic cars that will compete for awards in 23 classes at the Trump National Golf Club in Rancho Palos Verdes on Sunday September 14.

Mattel Designer Bryan Benedict says, 'We wanted to create a car that best embodied all of the qualities of Darth in automotive form - not just hi....
FERRARI F458 CONTINUES HOT STREAK, SCORES SECOND CONSECUTIVE GTLM WIN

Fisichella Takes Win From Henzler On Final Lap For Risi Competizione
◾Turner Motorsport BMW Z4 Wins GTD Class-Leading Fourth Race
◾Patrick Dempsey Earns First TUDOR Championship Podium With Third-Place Finish

DANVILLE, Va. (August 24, 2014) – Ferrari continues to find new reasons to celebrate in its 60th anniversary celebration of racing in North America.

Two races after scoring its first pole in the TUDOR United SportsCar Championship GT Le Mans (GTLM) class at Indianapolis Motor....
PEBBLE BEACH CONCOURS D'ELEGANCE AND PEBBLE BEACH TOUR D'ELEGANCE PRESENTED BY ROLEX

CLASSIC MASTERPIECES ON TRACK AND FIELD

The Monterey Classic Car Week is one of those rendezvous moments: a must genuine must-do in a world seemingly full of unique and iconic events. The week features concours, tours, racing and auctions; it offers something for everyone interested in the history of the automobile or, indeed, society, given the impact the car has had in its century or so of popular appeal. In 2014, four events stood out head and shoulders above the other happenings. ....
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  
2014 Ferrari LaFerrari
2014 Ferrari LaFerrari  2014 Ferrari LaFerrari  2014 Ferrari LaFerrari  2014 Ferrari LaFerrari  2014 Ferrari LaFerrari  
2014 Infiniti Q60 Bobby Unser Edition
2014 Infiniti Q60 Bobby Unser Edition  2014 Infiniti Q60 Bobby Unser Edition  2014 Infiniti Q60 Bobby Unser Edition  2014 Infiniti Q60 Bobby Unser Edition  2014 Infiniti Q60 Bobby Unser Edition  
2014 Jaguar Lightweight E-Type
2014 Jaguar Lightweight E-Type  2014 Jaguar Lightweight E-Type  2014 Jaguar Lightweight E-Type  2014 Jaguar Lightweight E-Type  2014 Jaguar Lightweight E-Type  
2014 McLaren P1 GTR Design Concept
2014 McLaren P1 GTR Design Concept  2014 McLaren P1 GTR Design Concept  2014 McLaren P1 GTR Design Concept  2014 McLaren P1 GTR Design Concept  2014 McLaren P1 GTR Design Concept  
2014 Saleen FOURSIXTEEN
2014 Saleen FOURSIXTEEN  2014 Saleen FOURSIXTEEN  2014 Saleen FOURSIXTEEN  2014 Saleen FOURSIXTEEN  2014 Saleen FOURSIXTEEN