Up 44%, Gooding & Company reports more than $189 million and 45 world records from its 2012 automotive auction sales
2014 LaFerrari Ferrari
2013 4C Alfa Romeo
2013 Disco Volante Touring Alfa Romeo
2013 Zagato Roadster BMW
2013 Viper GTS Launch Edition Dodge
2013 695 Fuori Serie Fiat
2013 MP4-12C Can-Am Edition Racing Concept McLaren
2013 MP4-12C SPIDER McLaren
2012 Mulsanne Convertible Concept Bentley
2012 F12berlinetta Ferrari
 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
 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.
|
| Recent Articles |
 Italian Racing Classics Lead Gooding & Company's 10th AnniversarySANTA MONICA, Calif. (June 4, 2013) – 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, will be hosting the 10th Anniversary sale of the Pebble Beach Auctions on August 17 and 18. This year Gooding & Company offers an early preview of some of the most highly sought after and rapidly amassing value collectible – the distinguished Italian race car. Auction highlights include a.... |
 Historic Jaguar D-Type Leads Growing List of Significant Entries for RM's Monterey Sale• RM Auctions building towards a spectacular roster of cars for its flagship Monterey sale held during the famous Pebble Beach Concours d'Elegance motoring week, August 16–17, in California • Historic 1955 Jaguar D-Type leads a superb roster of the world's finest sports and racing cars poised for the RM podium • Additional star lots include a 1955 Ferrari 750 Monza Scaglietti Spider, a 1950 Ferrari 166 Touring Barchetta, a 1961 Ferrari 400 Superamerica SWB Coupe Aerodinamico and a 1953 Masera.... |
 Lexus Returns To Salon Privé With A Celebration Of Its Full Hybrid Model RangeSalon Privé 2013 - 4th to 6th SeptemberSyon Park, London, 13 June 2013 – Lexus will return to Salon Privé this summer to showcase its industry-leading range of full hybrid models. Its collection will have a special focus on the F Sport versions of its cars, which combine sportier styling and performance with the peerless luxury, craftsmanship, innovation and advanced technologies that are hallmarks of the Lexus brand. The presentation will include the IS 300h F Sport, repres.... |
 50 ANNI DI PASSIONE FERRARI CLUB OF AMERICA RETURNS TO ROAD AMERICA FOR 50th ANNIVERSARYELKHART LAKE, Wis., June 11, 2013 - This summer the Ferrari Club of America is returning to Elkhart Lake, Wis., and Road America to celebrate its 50th Anniversary with a special International Meet. From July 30 to August 4 the club will honor its heritage as the oldest recognized and, by magnitudes, the largest Ferrari club in the world with over 5,200 members from across all of Canada and the US. 50 Anni di Passione, 50 years of passion, is the year long theme for the Ferrari Club .... |
