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2016 Gooding & Company Pebble Beach Auction

by • August 27, 2016 • EventComments (0)17739

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. During the two-day auction event, the company sold 115 of 138 lots, at an average of $1,128,606 per car. During the auction weekend, 26 cars sold over the $1 million mark and four vehicles reached 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.

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Other cars of note included the 1979 Porsche 935 driven by Paul Newman at the 1979 24 Hours of Le Mans (sold for $4,840,000), the beautiful 1957 Maserati A6G/54 (sold for $3,300,000), the Nocciola copper metallic gold Ferrari 275 GTB/4 (sold for $3,245,000), the Lamborghini Miura P400 SV (sold for $2,255,000) and the 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.”

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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 19 – 1988 Porsche 959 Komfort, sold for $1,320,000

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