Early Offerings at 2014 Gooding Arizona

1929 Duesenberg Model J Dual Cowl Phaeton
1929 Duesenberg Model J Dual Cowl Phaeton (photo: Mike Maez)

A 1929 Duesenberg Model J Dual Cowl Phaeton will be among the featured offerings at the 2014 Gooding & Company Arizona sale, scheduled for January 17-18 at the Scottsdale Fashion Square in Scottsdale.

The patriotic tri-color red, white and blue Model J (J-129), with its classic, two-tone “sweep-panel” LeBaron coachwork, is the quintessential open Duesenberg. Correct and genuine, this well-documented car was delivered new to John Duval Dodge of the Dodge Family and is believed to be the only Model J originally sold in Detroit. This American classic was completely restored by famed Duesenberg specialist Fran Roxas of Chicago. J-129 has won many accolades that include Best of Show at Meadow Brook in 2010 and major awards from both the Pebble Beach Concours d’Elegance and the Amelia Island Concours d’Elegance. The Duesenberg is estimate to sell for $2,000,000 to 2,300,000.

Additional early highlights from the January 2014 sale include a 1955 Lancia Aurelia B24S Spider America (estimate: $1,100,000 – 1,300,000) and a 1960 Mercedes-Benz 300 SL Roadster (estimate: $800,000 – 1,000,000).

For more information on Gooding’s Scottsdale sale, visit goodingco.com or call (310) 899-1960.

Gooding & Company Celebrated 10th Anniversary in 2013

In 2013, Gooding & Company celebrated its 10th anniversary an annual auction total of $192.6 million for 286 lots with an average lot value of $673,686 per car with a 95% annual sell-through rate, one of the highest in the industry.

David Gooding, President and Founder, said, “We witnessed values this year at an all-time high with record results across the board for leading marques such as Bugatti, Ferrari, Maserati, Mercedes-Benz, McLaren and Porsche. This further demonstrates that there is a growing demand for best-in-category cars at every level of the collector market. In the coming year, we anticipate an even greater sophistication in the international car community with more people becoming captivated by highly original cars with unique specifications and exceptional provenance.”

Summary of Gooding & Company’s top sales for 2013

Representing an all-time high for Gooding & Company and the automotive auction industry, the firm sold 50 cars over $1 million each this year compared to 41 in 2012. In addition, Gooding & Company realized 50 world auction records this year compared to 45 in 2012. The top ten sales of 2013 included:

  • 1957 Ferrari 250 GT 14-Louver Berlinetta at $9,460,000, world record for a Ferrari 250 Tour de France
  • 1937 Bugatti Type 57SC Atalante at $8,745,000, world record for a Bugatti at auction
  • 1997 McLaren F1 at $8,470,000, world record for the marque at auction
  • 1958 Ferrari 250 GT LWB California Spider at $8,250,000, world record for a steel Ferrari 250 GT LWB California Spider
  • 1955 Ferrari 250 GT Berlinetta Competizione at $7,150,000, world record for an early 250 Ferrari 250 GT
  • 1948 Alfa Romeo 6C 2500 Competizione at $4,840,000, world record for a post-war Alfa Romeo
  • 1966 AAR Gurney-Weslake Eagle Mk 1 at $3,740,000, world record for an AAR Gurney-Weslake Eagle Mk 1
  • 1959 Porsche 718 RSK at $3,135,000, world record for a Porsche 718 RSK
  • 1957 Maserati 150 GT Spider at $3,080,000, world record for a Maserati 150 GT Spider
  • 1967 Ferrari 365 California Spider at $ 2,970,000, world record for a Ferrari 365 California Spider

Scottsdale Auctions, January 18-19, 2013

  • $52.5 million total sold, including a 10% buyer’s premium
  • 101 of 104 lots sold
  • 97% sales rate
  • Average price per car sold: $519,727
  • 16 world records

Gooding & Company sold $52.5 million at its annual two-day January Scottsdale Auctions with 97% sold and 16 world records realized by top-of-category cars. For the sixth consecutive year, Gooding & Company sold the most valuable car of the week, a 1958 Ferrari 250 GT LWB California Spider, broke records for both a steel LWB California Spider and holds the title of most valuable car sold in Arizona auction week’s history.

Amelia Island Auction, March 8, 2013

  • $28.1 million total sold, including a 10% buyer’s premium
  • 69 of 71 lots sold
  • 97% sales rate
  • Average price per car sold: $408,166
  • 5 world records

At Amelia Island, the Gooding sale was led by the $2.75 million 1928 Bentley 4 1/2 Litre Semi-Le Mans Tourer and the $2.365 million 1966 Ferrari 275 GTB Long Nose Alloy.

Pebble Beach Auctions, August 17-18, 2013

  • $112.0 million total sold, including 10% buyer’s premium
  • 116 of 127 lots sold
  • 91% sales rate
  • Average price per car sold: $965,675
  • 29 world records

Gooding & Company’s 10th anniversary Pebble Beach Auctions boasted more than $112 million in sales for 116 lots sold over two days, averaging $965,675 per car. Significant results included examples from three distinct generations: a 1957 Ferrari 250 GT 14-Louver Berlinetta that brought a world record for a Ferrari 250 Tour de France at $9,460,000, a 1997 McLaren F1 that set a world auction record for the marque at $8,470,000 and a 1937 Bugatti Type 57SC Atalante that set a world auction record for a Bugatti at $8,745,000.

Moving on to March, the 2014 Amelia Island Auction will take place on March 7 in Amelia Island, Florida and next summer the Pebble Beach Auctions will be held on August 16 and 17 in Pebble Beach, California. Bidder registration forms and more information are available at goodingco.com or by calling (310) 899-1960.

[Source: Gooding & Company]