Gooding and Company - 10th Anniversary Pebble Beach Auction Realizes More Than $112 Million

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Pebble Beach CA, Aug 20, 2013 – Gooding & Company, official auction house of the Pebble Beach Concours d’Elegance® and acclaimed for selling the world’s most significant and valuable collector cars, realized more than $112 million at its Pebble Beach auctions over the weekend. During the two-day sale, Gooding & Company sold 116 of the 127 lots offered, for a 91% sale rate, with an average price per lot of $965,675, and 30 cars sold for over $1,000,000.

1997 McLaren F1 Gooding and Company 2013 Pebble Beach

1997 McLaren F1 at $8,470,000 (Lot 51 from the Saturday sale), which set a world auction for the marque

1937 Bugatti Type 57SC Atalante Gooding and Company Auctions 2013 Pebble Beach

The star lot of the Sunday sale was the 1937 Bugatti Type 57SC Atalante (Lot 123) which sparked one of the evening’s many bidding wars. This extremely authentic example boasts its original chassis, engine and coachwork and features an outstanding, unbroken provenance. Masterfully restored to the highest standards, it was awarded first in class at Pebble Beach Concours d’Elegance® in 2011. Following several rounds of intense bidding, this stunning car fetched $8,745,000 and set a new world auction record for a Bugatti.

"Our record breaking 10th Anniversary Pebble Beach Auctions boasted a stellar result. Strong results resonated across the board for market leaders such as Bugatti, Ferrari, McLaren and Porsche that clearly demonstrate a growing demand for rare, high level classic cars,” says David Gooding, President and founder of Gooding Company

1955 Ferrari 250 GT Berlinetta Competizione Gooding and Company Auctions 2013 Pebble Beach

The 1955 Ferrari 250 GT Berlinetta Competizione (Lot 143) touched off fevered bidding. Purchased new by Scuderia Ferrari driver Alfonso de Portago, this beautiful example was strikingly finished in its original Bianca white with grey leather interior and immediately sent to the Bahamas for de Portago’s participation in the Nassau races. It has continued its racing legacy as a participant in more than 10 contemporary Mille Miglias and numerous other historic events. The iconic Ferrari sold for $7,150,000, another record setting price for an early 250 GT.

1948 Alfa Romeo 6C 2500 Competizione Gooding and Company Auctions 2013 Pebble Beach

Bidding was fierce for a 1948 Alfa Romeo 6C 2500 Competizione (Lot 114). One of only two built, this is the only surviving example of this spectacular car. This numbers-matching Alfa has been entered in four consecutive editions of the Mille Miglia, was a 2005 Pebble Beach Concours d’Elegance® Class Award Winner and a fixture in the “Sleeping Beauties” Collection for 40 years. Representing an exceptional collecting opportunity, this rare lot brought a final total of $4,840,000 and a world record for a post-war Alfa Romeo at auction.

“Quite simply an auctioneer couldn’t have more satisfaction or fun than to be charged with the sale of such an array of wonderful cars especially Ferraris and Porsches. Long may it continue,” says Auctioneer Charlie Ross.

1966 AAR Gurney-Weslake Eagle Mk 1 Gooding and Company Auctions 2013 Pebble Beach

The 1966 AAR Gurney-Weslake Eagle Mk 1 (Lot 119) also garnered much bidder interest. A significant piece of American motorsport history, it has been driven by racing legends including Dan Gurney, Bob Bondurant and Bruce McLaren. This incredibly important California-built Grand Prix car won the 1967 Brands Hatch Race of Champions – the first win for an Eagle and the first American car to win a Formula One race in decades. Drawing much pre-sale attention the lot ultimately fetched a record price of $3,740,000.

1957 Ferrari 500 TRC Gooding and Company Auctions 2013 Pebble Beach

 1957 Ferrari 500 TRC Gooding and Company Auctions 2013 Pebble Beach

Overall, Ferraris did well throughout the sale with a 1957 Ferrari 500 TRC (Lot 151) selling for $3,080,000, a 1967 Ferrari 365 California Spider selling for $2,970,000 (Lot 149), and a 1968 Ferrari 330 GTC (Lot 5) selling for $946,000, another world record price at auction.

1933 Rolls-Royce Phantom II Continental Three-Position Sedanca Coupe  Gooding and Company Auctions 2013 Pebble Beach

The sale saw a number of lots surpass expectations as well. A 1933 Rolls-Royce Phantom II Continental Three-Position Sedanca Coupe garnered strong attention from bidders.  The car sold for a record price of $1,320,000. The 1955 Mercedes-Benz 300 SL Gullwing (Lot 141) surpassed its estimate of $1,200,000-1,500,000 with a sale total of $1,705,000.

1967 Holman Moody Ford Honder II

1967 Holman Moody Ford Honder II: The Mario Andreti & Paul Newman Can-Am Car sold $200,000

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About Gooding & Company 
Gooding & Company, internationally celebrated for its world-class automotive auctions, provides unparalleled service in the collector car market, offering a wide range of services including private and estate sales, appraisals, and collection management. Gooding & Company has realized 21 world records and sold $80.6 million in collector cars thus far in 2013. In 2012, the auction house sold more than $189.6 million and realized 45 world auction records. The annual Scottsdale Auctions will take place on January 17 and 18, 2014 and The Amelia Island Auction on March 7, 2014. Preceding each auction, a complete catalogue is made available online at www.goodingco.com and a virtual auction guide is published via Gooding & Company’s IAC award-winning iPhone and iPad app.  For additional vehicle information and up-to-the-minute results, follow Gooding & Company on Facebook and Twitter @GoodingCompany.

Source: Gooding & Company

Photos by Randy Berg

Pictured below: 1996 Porsche 993 GT2 sold $506,000; and  2002 Ferrari F2002 The Scuderia Ferrari, Three-Time Grand Prix Winning sold $2,225,000

1996 Porsche 993 GT2 sold at Gooding and Company Auction Pebble Beach CA 2013
2002 Ferrari F2002 The Scuderia Ferrari, 3-Time Grand Prix Winning sold at Gooding and Co

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