Gooding & Company held its 2011 Scottsdale Auction event on January 21-22 at the Scottsdale Fashion Square Mall in Scottsdale, Arizona, resulting in $34.98 million in total sales and a 94% sales rate.
The 4th annual Gooding & Company Scottsdale auction saw 100% of the 72 lots at its Saturday auction sell, a rare achievement when presenting both Reserve and No Reserve consignments. Of the 129 lots presented over both Friday and Saturday’s auctions, 121 lots sold and an average price paid per lot of $289,000.
According to David Gooding, President and founder, “strong 2011 auction sales will result from an increasing demand for original, preservation-class quality cars,” such as the 1953 Fiat 8V Supersonic that sold for $1,705,000 and the 1962 Mercedes-Benz 300 SL Roadster that sold for $951,500 at Saturday’s auction. “Mint condition models are equally in demand these days as we saw in the strong final sales of the 1937 MG SA Tourer and 1965 Ferrari 275 GTB Alloy Long Nose,” pristine examples that sold for $209,000 and $1,430,000, respectively.
The Gooding & Company Friday auction included a collection of 11 Ferrari supercars and modern prototypes from the Estate of Benny Caiola that collectively brought $5,225,000. On a vintage note, several original cars from the 1950s and 1960s sold well, including a 1956 Mercedes-Benz 300 SL Gullwing for $858,000, a 1965 Ferrari 275 GTB for $797,500 and an unrestored 1964 Shelby 289 Cobra that sold for $610,500.
Gooding and Company Scottsdale Auction 2011 – Top Ten Results
2006 Ferrari FXX Evolution – $2,090,000
1953 Fiat 8V Supersonic – $1,705,000
1930 Duesenberg Model J Dual Cowl – $1,485,000
1965 Ferrari 275 GTB Alloy Long Nose – $1,430,000
1967 Ferrari 275 GTB/4 – $1,100,000
1964 Porsche 904 Carrera GTS – $1,045,000
1941 Chrysler Newport Dual Cowl – $1,017,500
1972 Ferrari 365 GTS/4 Daytona Spider – $1,017,500
1971 Lamborghini Miura P400SV – $990,000
1962 Mercedes-Benz 300 SL Roadster – $951,500
The next Gooding & Company auction will take place in Amelia Island, Florida on Friday, March 11, commencing at 5 p.m. Early consignments for the Amelia Island Auction include a 1951 Ferrari 212, a 1949 Jaguar XK120 Alloy imported to America, a 1933 Rolls-Royce Phantom II Continental Sedanca Drop Head Coupe by Gurney Nutting and a 1962 Lotus 23B. Guests may preview the cars on Thursday, March 10, from 9 a.m. – 6 p.m. and Friday, March 11, from 9 a.m. – 5 p.m. at Racquet Park, located at the Omni Amelia Island Plantation, 6800 First Coast Highway in Amelia Island, one mile south of the Amelia Island Parkway. Local shuttles running from the auction site at Racquet Park to other areas of interest will be available for guests’ convenience.
Auction catalogues cost $75 and admit two to the viewing and auction. General admission tickets to the viewing and auction may be purchased on site for $30 per person.