Skip to main content

Up 44%, Gooding & Company reports more than $189 million and 45 world records from its 2012 automotive auction sales
AddThis 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
BONHAMS SEE SALE SUCCESS AT CHANTILLY AS TIMELESS GERMAN CLASSICS GO UNDER THE HAMMER

The best of German automotive engineering headlined Bonhams Chantilly sale, with the Ex-1935 Berlin Motor Show Mercedes-Benz 500K Special Roadster realising €5,290,000, while a trio of Horch greats sold for a collective €2.3 million.

In 1935 the 500K took pride of place on the Mercedes-Benz stand at the Berlin Motor Show, where it was promptly bought by Hans Friedrech Prym (1875-1965). Hans came from the industrial Prym dynasty, a family who for twelve generations had produced haberdashery, c....
MORE THAN 50 DEBUTS CONFIRMED FOR 2016 LA AUTO SHOW'S AUTOMOBILITY LA™ NOV. 14-17

• 20 Global Vehicle Debuts by Leading Automakers and Startups Include 3D-Printed Supercar and Self-Driving Electric Microbus


LOS ANGELES, Sept. 8, 2016 -- The LA Auto Show® announced today that it expects more than 50 vehicles to be unveiled in front of media, analysts and industry executives during its trade show, AutoMobility LATM, taking place November 14-17, 2016, at the Los Angeles Convention Center.

While nearly every automaker is slated to unveil products and/or make s....
Auctions America Continues Strong Labor Day Tradition with $21.55 Million in Sales and Record Crowds at Auburn Fall

• A family affair: Record crowds of more than 85,000 enthusiasts flock to Auctions America's Auburn Fall Collector Car Weekend, August 31 – September 4
• Multi-day auction generates $21.55 million in sales, highlighted by diverse pair of Model J Duesenbergs
• Wendell the Mechanical Elephant and custom Auburn Fall Championship belt raise more than $90,000 for charity
• Complete Auburn Fall results available at www.auctionsamerica.com
AUBURN, Indiana (September 6, 2016) – Auction....
JAGUAR XK120 ROADSTER COLLECTS PRESTIGIOUS JAGUAR TROPHY AT CONCOURS OF ELEGANCE 2016

◾'120 Jaguars, old and new, entered the Jaguar Trophy 2016 at Windsor Castle
◾'Best in Show' winner of 2016 Jaguar Trophy was a remarkable 1954 XK120 Open Top Sports SE owned by Barrie Woolston
◾'Coach Built Era Cars' category won by a stunning 1934 SS1 Tourer owned by Colin and Ann Stewart
◾'Saloons' category won by an immaculate pale blue Mk I owned by Michael Bing
◾'Sportscars' category won by Series I E-type Coupe Chassis No. 5, owned by Stuart Cardwell
◾'Classics of the Future' categor....
ALL-NEW ATLANTA CONCOURS HOSTS DELTAWING RACER KATHERINE LEGGE AT ‘CAFFEINE & OCTANE'

• Access to Autographs, Race Cars and Discounted Concours Tickets at September 4th Morning Event


ATLANTA, Ga., September 1, 2016 – As the first woman to lead an American Le Mans Series race, and one of only two drivers to pilot both the roadster and the coupe version of the revolutionary DeltaWing prototype race car, Katherine Legge races in a league of her own. And on Sunday morning, September 4th, from 8 to 10 a.m., at the nationally recognized Caffeine & Octane car show at P....
68 STUNNING CARS FOR THE SALON PRIVÉ SALE

68 cars for auction at Silverstone Auctions' Salon Privé Sale
◾Significant number of very low mileage, highly collectible classic cars
◾The auction takes place at Blenheim Palace on Saturday 3rd September

An incredible collection of 68 cars will go under the hammer on Saturday 3rd September in Silverstone Auctions' sale at Salon Privé.

The fabulous selection features some fantastically low mileage classics, delivery miles modern hypercars, highly original and rare homologation specials, ....
Russo and Steele Exceeds Last Year's Results with 2016 Monterey Total Sales Generating $10.9 Million!

Scottsdale, Arizona (August 26th, 2016) – Following another exciting, high energy showing at the center of Monterey, California's world renowned collector car week events, Russo and Steele Collector Automobile Auctions earlier today announced incredible sales results with early totals reaching $10.9 Million. This represents sound, positive growth momentum exceeding 2015's results, solidifying Russo and Steele as a strong and expanding force in the premium collector automobile auction aren....
2017 Alfa Romeo Giulia Quadrifoglio
2017 Alfa Romeo Giulia Quadrifoglio  2017 Alfa Romeo Giulia Quadrifoglio  2017 Alfa Romeo Giulia Quadrifoglio  2017 Alfa Romeo Giulia Quadrifoglio  2017 Alfa Romeo Giulia Quadrifoglio  
2016 Alfa Romeo 4C
2016 Alfa Romeo 4C  2016 Alfa Romeo 4C  2016 Alfa Romeo 4C  2016 Alfa Romeo 4C  2016 Alfa Romeo 4C  
2016 Alfa Romeo 4C Spider
2016 Alfa Romeo 4C Spider  2016 Alfa Romeo 4C Spider  2016 Alfa Romeo 4C Spider  2016 Alfa Romeo 4C Spider  2016 Alfa Romeo 4C Spider  
2016 Alfa Romeo Disco Volante Spyder Touring
2016 Alfa Romeo Disco Volante Spyder Touring  2016 Alfa Romeo Disco Volante Spyder Touring  2016 Alfa Romeo Disco Volante Spyder Touring  2016 Alfa Romeo Disco Volante Spyder Touring  2016 Alfa Romeo Disco Volante Spyder Touring  
2016 Alfa Romeo Giulia Quadrifoglio
2016 Alfa Romeo Giulia Quadrifoglio  2016 Alfa Romeo Giulia Quadrifoglio  2016 Alfa Romeo Giulia Quadrifoglio  2016 Alfa Romeo Giulia Quadrifoglio  2016 Alfa Romeo Giulia Quadrifoglio  
2016 Aston Martin Vanquish Zagato Volante
2016 Aston Martin Vanquish Zagato Volante  2016 Aston Martin Vanquish Zagato Volante  2016 Aston Martin Vanquish Zagato Volante  2016 Aston Martin Vanquish Zagato Volante  2016 Aston Martin Vanquish Zagato Volante  
2016 Bentley Continental GT V8 S Monster by Mulliner
2016 Bentley Continental GT V8 S Monster by Mulliner  2016 Bentley Continental GT V8 S Monster by Mulliner  2016 Bentley Continental GT V8 S Monster by Mulliner  
2016 BMW 2002 Hommage Pebble Beach Concept
2016 BMW 2002 Hommage Pebble Beach Concept  2016 BMW 2002 Hommage Pebble Beach Concept  2016 BMW 2002 Hommage Pebble Beach Concept  2016 BMW 2002 Hommage Pebble Beach Concept  2016 BMW 2002 Hommage Pebble Beach Concept  
2016 Cadillac Escala Concept
2016 Cadillac Escala Concept  2016 Cadillac Escala Concept  2016 Cadillac Escala Concept  2016 Cadillac Escala Concept  2016 Cadillac Escala Concept  
2016 Ferrari LaFerrari
2016 Ferrari LaFerrari  2016 Ferrari LaFerrari  2016 Ferrari LaFerrari  2016 Ferrari LaFerrari  2016 Ferrari LaFerrari