Record-breaking day for Gooding & Company at Pebble Beach

Cars Crazy

Cars Crazy

2015-08-17 09:30:35

The opening day of Gooding & Company's Pebble Beach sale realized a record total of more than $69.7 million.

The auction, the first of two evening sessions, saw 69 lots cross the block with a sell-through rate of 93% and an average price of $1,089,726 per car.

“This was the most successful one-day sale in our company’s history, which also resulted in the most expensive lot sold at a Gooding & Company auction, the highly anticipated 1962 Ferrari ‘Sharknose’ 250 GT," said David Gooding, President of Gooding & Company.

The 'Sharknose' GT was both designed and owned by Nuccio Bertone, a member of the Automobile Hall of Fame who created iconic designs for Alfa Romeo, Ford and Ferrari. The car had been described as "quite possibly the most important 250 GT SWB ever to be presented at public auction", and lived up to its billing when it sold for a record price of $16.5 million.

Saturday's sale saw numerous cars set new auction records, including a 1965 Ferrari 500 Superfast, a 2001 Ferrari 550 Barchetta, a 1986 Ford RS200 Evolution, a 1939 Lagonda V-12 Rapide, and Porsche a 959 Komfort.

One of the most significant sales was that of a Le Mans-winning 1982 Porsche 956, described as "amongst the most important Porsches in existence". The car was the third of just ten Porsche 956 works team cars ever built, and had racked up five victories including the 1983 24 Hours of Le Mans. Estimated at $8-$10 million, the car sold for $10,120,000 – making it the world's most valuable Porsche, and far exceeding the previous auction record of $5.8 million.

In addition to vintage classics, the sale also offered a taste of the not-too-distant future. Comedian and renowned car collector Jay Leno arrived in a brand-new 2016 Ford Shelby GT350, then auctioned it off to raise funds for the George W. Bush Military Initiative charity. The car fetched a final price of $700,000, with further donations from bidders pushing the total proceeds to $885,000.

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