|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 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.|
|Mazda Raceway Laguna Seca Announces 2015 ScheduleMONTEREY, Calif., Oct. 24, 2014 – Fan favorites, international series and historic racing are on the calendar as Mazda Raceway Laguna Seca announced its 2015 race schedule today.|
The 2015 season at Mazda Raceway Laguna Seca is as follows:
• TUDOR United SportsCar Championship (May 1-3)
• eni FIM Superbike World Championship, GEICO Motorcycle U.S. Round (July 17-19)
• Moterey Pre-Reunion (Aug. 8-9)
• Rolex Monterey Motorsports Reunion (Aug. 13-16)
• Pirelli World Challenge (Sept....
|Porsche Announces Rennsport Reunion V• The World's Largest Gathering of Porsche Race Cars and Drivers Come Back to Monterey for an Encore |
ATLANTA – Porsche Cars North America (PCNA) and Mazda Raceway Laguna Seca announced today that the next Porsche Rennsport Reunion will again take place at the famed California racetrack the weekend of October 9-11, 2015.
Hosted by PCNA, Rennsport Reunion V will, once again, bring together an extraordinary gathering of significant Porsche vintage and current racecars, as well t....
|HILTON HEAD ISLAND MOTORING FESTIVAL TO FEATURE CARS OF THE RICH & FAMOUSThis year's 'Life' exhibit puts the spotlight on cars with headline heritage|
HILTON HEAD ISLAND, S.C. – The Hilton Head Island Motoring Festival & Concours d'Elegance, one of the nation's largest and fastest-growing automotive and motorsports enthusiast event weeks, takes a more glamorous approach with its annual 'Life' exhibit and presents Life of the Rich & Famous sponsored by Marriott Vacation Club. Life of the Rich & Famous is the sixth annual 'Life'-themed exhibit on the Fe....
|Fiat Chrysler Automobiles key player in the Classic Days in GermanyConcours d'elegance, parades and special races on roads closed to traffic: this is the packed programme reserved for the historic cars arriving at the medieval Dyck castle|
• Alfa Romeo takes part with four precious models: the prototype 750 Competizione (1955), the 8C 2900 Le Mans (1938), the Giulietta SZ (1960) and the 1900 Sport Spider (1954)
• Under the spotlight the Lancia 037 Rally (1984 - group B) and the Formula 1 Lancia D50 (1955)
• At the German event also the Abarth 1000 Monomille ....
|PORSCHE'S 914 HONORED AT 20TH AMELIA CONCOURS d'ELEGANCEThe 20th annual Amelia Island Concours d'Elegance will honor the first mid-engine production Porsche, the 914 in all its variants. |
At first some Porsche purists lamented the Porsche 914's seemingly humble origins. They whispered the 'V-Word' . . . Volkswagen. The reality was that the 914 is a blood descendant of the seminal Gmund Porsche, the first car to wear the family name and the crest, a pure sports car designed around a Volkswagen-sourced air-cooled flat-four and a mid-engine con....
|Concours d'Elegance at Stan Hywet Hall & GardensThe inaugural Concours d'Elegance at Stan Hywet Hall & Gardens welcomed over 180 rare and exclusive automobiles, motorcycles, and bicycles on the well-manicured 70-acre landscape. The backdrop for this elegant affair was the 6th largest historic estate open to the public - the Stan Hywet – which has the reputation as being the home of The Goodyear Tire & Rubber Co. co-founder F.A. Seiberling. |
On the day of the concours, the weather report predicted rain. Instead, the enthusiasts and colle....
|2014 HILTON HEAD ISLAND MOTORING FESTIVAL & CONCOURS D'ELEGANCE CONTINUES RECORD GROWTHFrom test drives to test flights and automotive firsts, this year's event promises to delight visitors with the largest number of new features and sponsor activities in its history |
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, is preparing an ever-expanding lineup of exhibits and activities for visitors at the upcoming event, October 2....