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Gooding & Company Hits $113 Million With 21 World Record Sales

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Gooding & Company Hits $113 Million With 21 World Record Sales

von Krieger Special Roadster

Gooding & Company

Gooding & Company, the official auction house of the Pebble Beach Concours d’Elegance, realized more than $113.7 million at its Pebble Beach Auction during Monterey's Annual Classic Car Auction week. This auction total is an outstanding achievement and a world record sales total for an automotive auction.

Twenty-four collector cars sold in excess of $1 million, highlighted by the summit of the weekend on Sunday evening when the von Krieger Special Roadster, a 1936 Mercedes-Benz 540 K, sold for $11,770,000, a double world record for a Mercedes-Benz and a pre-war car at auction. Seventy-six years after leaving the factory, this marks the first time the extraordinary Mercedes-Benz motor car was presented for public sale. With remarkable lineage, exceptional provenance and a rich international history akin to a Hollywood romance, the sensational von Krieger Special Roadster is the most significant Mercedes-Benz to ever come to auction.

A 1960 Ferrari 250 GT LWB California Spider sold for $11,275,000, realizing a world record for a Ferrari California Spider. As recorded by famed Ferrari historian Stan Nowak, this GT was one of the nine LWB California Spiders specially built for competition purposes. It is also the 45th of 50 LWB California Spiders built, ordered by Luigi Chinetti, the most significant proponent of racing Californias, and reportedly intended for the use of famed North American Racing Team driver Ed Hugus.

Amid the multi-million dollar auction records, a charitable spirit was high. On Saturday evening, Jay Leno surprised the audience by making a special guest appearance with David Gooding and Auctioneer Charlie Ross on stage and auctioning his personal 2012 Fiat 500 Prima Edizione to benefit the Fisher House Foundation. United States Secretary of Defense the Honorable Leon Panetta and Chief of Staff of the United States Army General Raymond Odierno joined Leno to introduce the nationally praised four-star, non-profit organization that provides a wide range of services and support to the families of wounded American solders.

The first-edition Fiat 500, valued between $25,000–$35,000 according to the auction estimate, realized an extraordinary final price of $385,000 and attracted an additional $215,000 of charitable contributions, resulting in $600,000 in fundraising for the foundation.

Ferrari was a big part of the weekend with eight models between 1953–1962 selling above $2 million each. A significant offering for enthusiasts, the Sherman M. Wolf Collection of four exceptional cars resulted in a total of $21.5 million in sales. Of the collection, the 1960 Ferrari 250 GT LWB California Spider Competizione attracted the most demand selling for $11,275,000, which was also the second most valuable car sold at Monterey auction week. On Sunday, the 1957 Ferrari 250 GT LWB California Spider Prototype sold for $6.6 million.

In addition, Gooding & Company achieved 21 world records over the weekend, they include:

  • The 1936 Mercedes-Benz 540 K Special Roadster (lot 123) at $11,770,000
    A double world record for a Mercedes-Benz at auction and for a pre-war car at auction.
  • The 1960 Ferrari 250 GT LWB California Spider Competizione (lot 49) at $11,275,000
    A world record for a Ferrari California Spider at auction.
  • The 1955 Ferrari 857 Sport (lot 109) at $ 6,270,000
    A world record for a Ferrari 857 Sport at auction.
  • The 1928 Bentley 4 ½ Litre Le Mans Sports “Bobtail” (lot 20) at $6,050,000
    A world record for a Bentley 4 ½ Litre at auction.
  • The 1953 Ferrari 340 MM Spider (lot 50) at $4,730,000
    A world record for a Ferrari 340 MM at auction.
  • The 1953 Jaguar C-Type (lot 37) at $3,725,000
    A world record for a Jaguar C-Type at auction.
  • The 1959 Maserati Tipo 61 Birdcage (lot 146) at $3,520,000
    A world record for a Maserati Tipo 61 Birdcage at auction.
  • The 1960 Porsche RS60 (lot 28) at $3,465,000
    A world record for a Porsche RS60 at auction.
  • The 1962 Ferrari 400 Superamerica Coupe Aerodinamico (lot 34) at $2,365,000
    A world record for a Ferrari 400 Superamerica at auction.
  • The 1955 Maserati A6G/ 2000 (lot 23) at $1,650,000
    A world record for a Maserati A6/2000 at auction.
  • The 1963 Mercedes-Benz 300 SL Roadster (lot 66) at $1,595,000
    A world record for a Mercedes-Benz 300 SL Roadster at auction.
  • The 2003 Ferrari Enzo (lot 18) at $1,430,000
    A world record for a Ferrari Enzo at auction.
  • The 1985 Ferrari 288 GTO (lot 48) at $1,045,000
    A world record for a Ferrari 288 GTO at auction.
  • The 1930 Packard 734 Speedster Phaeton (lot 35) at $975,000
    A world record for a Packard 734 at auction.
  • The 1976 Lamoborghini Countach LP400 “Periscopica” (lot 147) at $660,000
    A world record for a Lamborghini Countach at auction.
  • The 1968 Toyota 2000 GT (lot 114) at $627,000
    A world record for a Toyota at auction.
  • The 1967 Ferrari 330 GTC (lot 68) at $550,000
    A world record for a Ferrari GTC at auction.
  • The 1962 Maserati 3500 GT (lot 122) at $236,500
    A world record for a Maserati 3500 GT at auction.
  • The 1973 Porsche 911 S 2.4 Coupe (lot 153) at $214,500
    A world record for a Porsche 911 S 2.4 Coupe at auction.
  • The 1959 Mercedes-Benz 190 SL (lot 155) at $203,500
    A world record for a Mercedes-Benz 190 SL at auction.
  • The 1952 Hudson Hornet Four-Door Sedan (lot 112) at $178,750
    A world record for a Hudson Hornet at auction.

As of this posting, the cumulative total was $113.7 million for 108 of the 122 cars brought to the block. That equates to a 89% sell-through rate for an average sale price of $1,052,000. Gooding and Company far surpassed their 2011 numbers - $78.2 million for 107 cars, a 84% sell-through rate for an average sale price of $730,700.

You can find all the results from Gooding and Company's Pebble Beach sale at www.goodingco.com.

Suggested Reading:
RM Posts $95 Million at Monterey Sale
Mecum's Monterey Auction 2012 Results
Russo and Steele's 12th Annual Sports and Muscle Monterey Results
Bonhams Quail Lodge Sale Exceeds $13 Million

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