The Pebble Beach Auctions Presented By Gooding & Company Generates Over $129 Million Sets New Two-Day Sale Record For The Auction House

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Four cars sell above $10 million, 26 cars above $1 million New auction records for Ferrari, Alfa Romeo, Bugatti, Porsche, Packard, and Maserati

(L-R) David Gooding and Charlie Ross sell the 1933 Alfa Romeo 8C 2300 Monza for a world-record price of $11,990,000. Image copyright and courtesy of Gooding & Company. Photo by Jensen Sutta.

To break $129 million in just two days is astounding and speaks to this year’s distinguished offering. Our clients recognize that we carefully curate our auctions to showcase the highest quality

Gooding & Company, the official auction house of the Pebble Beach Concours d’Elegance®, realized more than $129.8 million at the annual Pebble Beach Auctions this weekend, resulting in a two-day sales company record. During the two-day auction event, the company sold 115 of 138 lots, an 83% sale rate with an average of $1,128,606 per car. During the auction weekend, an astonishing 26 cars sold over the $1 million mark, including four vehicles over $10 million. Numerous world records were broken as new market standards were set for multiple marques, including the star of the weekend the 1959 Ferrari 250 GT LWB California Spider Competizione (sold for $18,150,000), the historical 1933 Alfa Romeo 8C 2300 Monza (sold for $11,990,000), the 1932 Bugatti Type 55 Roadster (sold for $10,400,000) - the highest price ever achieved for a Bugatti sold at auction, the 1979 Porsche 935 (sold for $4,840,000) driven by Paul Newman at the 1979 24 Hours of Le Mans, the beautiful 1957 Maserati A6G/54 (sold for $3,300,000) and one of the finest 1930 Packard 734 Speedster Runabout (sold for $2,090,000).

“To break $129 million in just two days is astounding and speaks to this year’s distinguished offering. Our clients recognize that we carefully curate our auctions to showcase the highest quality,” says David Gooding, President and Founder of Gooding & Company. “We appreciate their patronage and support, as we achieved our most successful sale to date. I look forward to seeing all of you in 2017.”

Lots over $10 million from the weekend:
Lot 33 – 1959 Ferrari 250 GT LWB California Spider Competizione, sold for $18,150,000
Lot 56 – 1960 Ferrari 250 GT SWB Berlinetta Competizione, sold for $13,500,000
Lot 128 – 1933 Alfa Romeo 8C 2300 Monza, sold for $11,990,000
Lot 135 – 1932 Bugatti Type 55 Roadster, sold for $10,400,000

Lots over $1 million from the weekend:
Lot 68 – 1950 Ferrari 166 MM Berlinetta, sold for $5,445,000
Lot 60 – 1979 Porsche 935, sold for $4,840,000
Lot 130 – 1957 Maserati A6G/54 Spider, sold for $3,300,000
Lot 40 – 1967 Ferrari 275 GTB/4, sold for $3,245,000
Lot 138 – 1954 Aston Martin DB2/4 Spider, sold for $3,080,000
Lot 146 – 1968 Ferrari 330 GTS, sold for $2,502,500
Lot 119 – 1985 Ferrari 288 GTO, sold for $2,420,000
Lot 22 – 1971 Lamborghini Miura P400 SV, sold for $2,255,000
Lot 30 – 1930 Packard 734 Speedster Runabout, sold for $2,090,000
Lot 35 – 1955 Lancia Aurelia B24S Spider America, sold for $2,007,500
Lot 125 – 1932 Rolls-Royce Phantom II Continental Berline, sold for $1,760,000
Lot 48 – 1961 Maserati 5000 GT Coupe 'Indianapolis', sold for $1,677,500
Lot 115 – 1971 Maserati     Ghibli 4.9 SS Spider, sold for $1,500,000
Lot 108 – 1960 Ferrari 250 GT Series II Cabriolet, sold for $1,500,000
Lot 132 – 1956 Ferrari 250 GT Alloy Coupe, sold for $1,485,000
Lot 14 – 1955 Mercedes-Benz 300 SL Gullwing, sold for $1,430,000
Lot 19 – 1988 Porsche 959 Komfort, sold for $1,320,000
Lot 153 – 1960 Mercedes-Benz 300 SL Roadster, sold for $1,237,500
Lot 117 – 1931 Marmon    Sixteen Convertible Coupe, sold for $1,210,000
Lot 45 – 1994 Porsche 964 Turbo 3.6 S Flachbau, sold for $1,100,000
Lot 150 – 1937 Mercedes-Benz 540 K Cabriolet C, sold for $1,072,500
Lot 54 – 1914 Marmon 41 Speedster, sold for $1,017,000

The Scottsdale Auctions
Date(s): Friday, January 20, 11:00am and Saturday, January 21, 11:00am
Location: Scottsdale Fashion Square, 4700 N. Scottsdale Road, Scottsdale, AZ 85251
Corner of N. Scottsdale Road and E. Highland Ave.
Public preview: January 18-21
Auction catalogues: $100, includes admission for two to the viewing and the auctions

General admission: $40, includes admission for one to the viewing and the auctions
Live auction broadcast: http://www.goodingco.com
Facebook:  http://www.facebook.com/GoodingandCompany
Instagram: @GoodingandCompany
Twitter: @GoodingCompany #GCoPB
SnapChat: GoodingandCo
RSS: http://www.goodingco.com/feed/?post_type=press
Phone: 310.899.1960

About Gooding & Company
Gooding & Company’s auctions, now in their second decade, produce market-leading prices and deliver to a worldwide reach of clients and enthusiasts. Throughout 2016, spectators and patrons from over 45 nations witnessed this year’s auctions live in high-definition video broadcast via our webcast. Gooding & Company’s annual Scottsdale Auctions will take place on January 20 and 21, 2017, at the Fashion Square Mall in charming Old Town Scottsdale. In addition, the auction house’s annual Amelia Island Auction will be held on March 10, 2017, at the Omni Amelia Island Plantation. Bidder registration forms, press credentials and additional auction information are available at http://www.goodingco.com or by calling (310) 899-1960. Follow Gooding & Company on Facebook, Instagram, SnapChat and Twitter.

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Tyler Gagnon
Gooding & Company
(310) 526-0584
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