Gooding & Company sale tops $43 million in Scottsdale

Cars Crazy

Cars Crazy

2016-02-03 10:01:52

Gooding & Company's annual sale in Scottsdale, Arizona has realized a total of more than $43 million.

In front of a packed marquee, 97 of the 113 cars on offer were snapped up by collectors for a sell-through rate of 86%, and an average price per car of $443,412.

Leading the sale was 1950 Ferrari 166 MM/195 S Berlinetta Le Mans with coachwork by Carrozzeria Touring of Milan. The car had originally been owned by renowned gentleman racer Briggs Cunningham, who drove it at Sebring, Buenos Aires, Watkins Glen and Bridgehampton. One of just six examples ever produced, the beautifully restored car achieved a world record price of $6,490,000.

Another vintage coachbuilt Ferrari was amongst the biggest sellers, as a 1967 Ferrari 330 GTC Speciale set a new world auction record for a 330 GTC with a price of $3,410,000.

The sale also included a number of modern classics from the Italian marque, offered from the Tony Shooshani Collection. Notable results included a 2003 Ferrari Enzo which sold for $2,860,000, a 1995 Ferrari F50 which sold for $2,400,000 and a 1990 Ferrari F40 which sold for $1,534,500.

There were further seven-figure prices for a 1929 Duesenberg Model J Dual Cowl Phaeton which realized $2,420,000; a 1959 Mercedes-­Benz 300 SL Roadster which sold for $1,155,000; a 1955 Bentley R-­Type Continental Fastback which brought $1,017,500; and a 1948 Alfa Romeo 6C 2500 Super Sport Cabriolet, lot 29which sold for $1,012,000.

"We were thrilled to set some new world records for exceptional cars at this weekend’s auctions," said David Gooding, President and Founder of Gooding & Company. "The demand in the market is definitely high for cars that are the best of their category and never before offered such as the Ferrari 166/195 S Berlinetta Le Mans, the Ferrari 330 GTC Speciale and the Bugatti Type 49. 

"Further impressive results were illustrated by the Ferrari Enzo, the Ferrari F50 and the 1966 Jaguar E-­Type. We are seeing collectors pay a premium for cars that are unique because of history, condition and provenance.”"

The next Gooding & Company sale takes place in Florida on March 11, as part of the renowned Amelia Island Concourse d'Elegance event.


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