PEBBLE BEACH, Calif., – Gooding & Company, the official auction house of the Pebble Beach Concours d’Elegance, sold more than $113.7 million (USD) at its Pebble Beach Auctions on August 18 and 19. This is an outstanding achievement and a world record sale total for an automotive auction.
Twenty-four collector cars sold in excess of $1 million, highlighted by 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. The previous evening, a 1960 Ferrari 250 GT LWB California Spider sold for $11,275,000, realizing a world record for a Ferrari California Spider.
“There continues to be differentiation in the market between the best and everything else and I believe that our success stems from our understanding of quality in all categories,” says David Gooding, President and Founder. “Our record-breaking results and this year’s unprecedented international interest in our auction clearly demonstrate the growing demand in high-level classic cars among new collectors and emerging markets.”
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 of Pebble Beach auction week. On Sunday, the 1957 Ferrari 250 GT LWB California Spider Prototype sold for $6.6 million.
Source: Canada Newswire / Gooding & Company