Gooding & Co. Post $31.8 Million at Scottsdale
Monday, January 19, 2009
'60 Ferrari 250 GT SWB California Spider is Top-Seller at $4.95 Million
From The Arizona Republic:
Forget the stalled economy. An undisclosed car collector paid $4.95 million on Saturday for a 1960 Ferrari 250 California Spider at the Gooding and Co. auction in Scottsdale.
That is likely to be the top price paid this week at four Valley auctions that could top $100 million in combined sales for about 1,700 automobiles.
Gooding sold seven cars at Scottsdale Fashion Square on Saturday for more than $1 million each and reported $31.8 million in total sales for its one-day event.
"We're thrilled," President David Gooding said. "We were impressed that the California Spider brought a record price for an unrestored Ferrari."
The Gooding auction, in its second year in Scottsdale, plays to a niche audience of super-wealthy buyers. The much larger Barrett-Jackson auction, which features 1,050 cars, also attracts its share of the super rich and outshines other auctions in total sales.
RM Auctions, as well as Russo and Steele, also were selling some coveted collector cars at six-figure prices approaching $1 million.
RM reported preliminary sales figures of $18 million from Friday's event at the Arizona Biltmore. That's down from $26.7 million a year ago.
Its top sales included a 1967 Ferrari 275 GTB/4Belinetta that sold for $918,500, and a 1954 Dodge Firearrow Sports Coupe that went for $880,000. At Barrett-Jackson, huge crowds of bidders and car enthusiasts at WestWorld in Scottsdale watched some of Saturday evening's top sales.
They included:
- The first production Ford Thunderbird Convertible, $660,000.
- A 1970 Plymouth Superbird Custom Tribute car, which sold for $551,000, with the proceeds benefiting the Darrell Gwynn Foundation.
- NASCAR driver Jeff Gordon's 2006 Chevrolet Monte Carlo No. 24 racecar. It sold for $550,000, with proceeds going to the Hendrick Marrow Foundation.
Barrett-Jackson topped seven figures with the sale of a 1929 Ford Tri-Motor airplane for $1.21 million.
Gooding's $4.95 million sale was believed to be the second-highest in Arizona auction history. A Shelby Cobra Super Snake sold for $5 million at Barrett-Jackson in 2007.
Gooding's other top sales were:
- A 1937 Talbot-Lago Tear Drop Coupe, $3.52 million.
- A 1932 Daimler 40/50 Double Six Sport Saloon, $2.97 million.
- A 1937 Bentley Fixed Head Sport Coupe, $1.32 million.
(Pictured: the 1960 Ferrari 250 GT SWB Competizione that sold for nearly $5 million. Photo from The Arizona Republic.)
From The Arizona Republic:Forget the stalled economy. An undisclosed car collector paid $4.95 million on Saturday for a 1960 Ferrari 250 California Spider at the Gooding and Co. auction in Scottsdale.
That is likely to be the top price paid this week at four Valley auctions that could top $100 million in combined sales for about 1,700 automobiles.
Gooding sold seven cars at Scottsdale Fashion Square on Saturday for more than $1 million each and reported $31.8 million in total sales for its one-day event.
"We're thrilled," President David Gooding said. "We were impressed that the California Spider brought a record price for an unrestored Ferrari."
The Gooding auction, in its second year in Scottsdale, plays to a niche audience of super-wealthy buyers. The much larger Barrett-Jackson auction, which features 1,050 cars, also attracts its share of the super rich and outshines other auctions in total sales.
RM Auctions, as well as Russo and Steele, also were selling some coveted collector cars at six-figure prices approaching $1 million.
RM reported preliminary sales figures of $18 million from Friday's event at the Arizona Biltmore. That's down from $26.7 million a year ago.
Its top sales included a 1967 Ferrari 275 GTB/4Belinetta that sold for $918,500, and a 1954 Dodge Firearrow Sports Coupe that went for $880,000. At Barrett-Jackson, huge crowds of bidders and car enthusiasts at WestWorld in Scottsdale watched some of Saturday evening's top sales.
They included:
- The first production Ford Thunderbird Convertible, $660,000.
- A 1970 Plymouth Superbird Custom Tribute car, which sold for $551,000, with the proceeds benefiting the Darrell Gwynn Foundation.
- NASCAR driver Jeff Gordon's 2006 Chevrolet Monte Carlo No. 24 racecar. It sold for $550,000, with proceeds going to the Hendrick Marrow Foundation.
Barrett-Jackson topped seven figures with the sale of a 1929 Ford Tri-Motor airplane for $1.21 million.
Gooding's $4.95 million sale was believed to be the second-highest in Arizona auction history. A Shelby Cobra Super Snake sold for $5 million at Barrett-Jackson in 2007.
Gooding's other top sales were:
- A 1937 Talbot-Lago Tear Drop Coupe, $3.52 million.
- A 1932 Daimler 40/50 Double Six Sport Saloon, $2.97 million.
- A 1937 Bentley Fixed Head Sport Coupe, $1.32 million.
(Pictured: the 1960 Ferrari 250 GT SWB Competizione that sold for nearly $5 million. Photo from The Arizona Republic.)
posted by Chris and Frank at 12:05 AM
2 Comments:
Wow.. Farris nice car.
wayne, Chicago, Il
Wayne,
We're pretty taken by this car, too. Next year we are gonna FOR SURE get our press credentials and attend this exciting auction week in the desert.
C & F
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