Pebble Beach Auction : Gooding & Company

Pebble Beach Auction : Gooding & Company August 2009
Gooding Sold 129 Exceptional Lots with Two $4+ Million Cars and Achieved Three World Records in 2 Days

Gooding & Company, the official auction house of the Pebble Beach Concours d'Elegance®, sold 129 total lots over both Saturday and Sunday auction events, collectively earning more than $50 Million* in sales. Continuing its successful presence at the Pebble Beach Concours d'Elegance and as the leading auction house in Monterey, Gooding & Company attracted thousands of collectors and enthusiasts from around the world last week.

Sunday's totals were north of the competition with $29+ million for 55 lots sold out of 70 offered. Nine exceptional cars sold for more than $1 Million each. The evening's top five sales were the 1962 Ferrari 250 GT SWB California Spider at $5,115,000, the 1933 Alfa Romeo 8C 2300 Drop Head Coupe at $4,180,000, the 1935 Duesenberg Model SJ Roadster at $3,300,000, the 1954 Ferrari 500 Mondial Series I at $1,540,000 and the 1934 Mercedes-Benz 380 Sport Roadster at $1,078,000.

In contrast with many of the evening's award-winning classics, guests at Sunday night's auction event witnessed the historical sale of 'Chassis Number One' of Bentley Motors' Mulsanne, the new flagship grand tourer model that was conceived, styled and engineered entirely at Bentley's headquarters in Crewe, England. Selling for $550,000, proceeds are being donated to the Pebble Beach Phil Hill Scholarship.

Gooding & Company's top ten sales results from both Saturday and Sunday include:

· 1962 Ferrari 250 GT SWB California Spider at $5,115,000 (Sunday Lot 135)
· 1933 Alfa Romeo 8C 2300 Drop Head Coupe at $4,180,000 (Sunday Lot 139)
· 1935 Duesenberg Model SJ Roadster at $3,300,000 (Sunday Lot 130)
· 1958 Ferrari 250 GT LWB California Spider at $2,750,000 (Saturday Lot 37)
· 1953 Aston Martin DB 2/4 Drop Head Coupe at $1,650,000 (Saturday Lot 62)
· 1954 Ferrari 500 Mondial Series I at $1,540,000 (Sunday Lot 117)
· 1938 Bugatti Type 57C Special Coupe at $1,375,000 (Saturday Lot 31)
· 1934 Mercedes-Benz 380 Sport Roadster at $1,078,000 (Sunday Lot 149)
· 1954 Aston Martin DB2/4 Competition Spider at $1,045,000 (Sunday 126)
· 1929 Rolls-Royce Phantom I York Roadster for $946,000 (Sunday Lot 116)

Three world record-breaking sales were achieved on Saturday night – the 1953 Aston Martin DB 2/4 Drop Head Coupe's sale at $1,650,000, the 1953 Jaguar XK120 SE Roadster's sale at $192,500 and the 1938 Buick Limited Series 80 Opera Brougham at $506,000. Saturday's highest sale was the red hot 1958 Ferrari 250 GT LWB California Spider at $2,750,000. A highlight for many enthusiasts was the sale of Ettore Bugatti's own 1938 Bugatti Type 57C Special Coupe that passed hands to its new caretaker at a price of $1,375,000.

Gooding & Company will be conducting its annual Scottsdale auction on Saturday, January 23, 2010 in Scottsdale, Arizona.

* The prices are in US Dollars, include the buyer's premium and are rounded to the nearest dollar. Gooding & Company is not responsible for typographical errors or omissions.

About Gooding & Company

Gooding & Company provides unparalleled service for those in the collector car market, offering a wide range of services, including private and estate sales, appraisals and collection management. At its previous four auctions, Gooding & Company sold a combined total of more than $178+ Million in collector automobiles, with 55 vehicles selling for more than $1 million and nine vehicles selling for more than $3 million. As the official auction house for the Pebble Beach Concours d'Elegance®, Gooding & Company sold more than $64 million worth of collector automobiles in August 2008. For more information, please contact (310) 899-1960 or visit www.goodingco.com.

About Pebble Beach Concours d'Elegance

First conducted in 1950, the Pebble Beach Concours d'Elegance® (pebblebeachconcours.com) has grown to become the world's premier celebration of the automobile. Only the most beautiful and rare cars are invited to appear on the famed 18th fairway of Pebble Beach Golf Links®, and connoisseurs of art and style flock to see these masterpieces.
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