Classic Car Capital

Gooding & Company Scottsdale 2013 – Auction Report

Gooding & Company, Fashion Square, Scottsdale, Arizona, January 18-19, 2013

Report and photos (unless noted) by Rick Carey, Auction Editor

104 cars offered, 101 cars sold, 97.1% sell-through, $57,741,695 total sale, up 44.8% from last year and 65.1% from 2011, an average transaction of $571,700. Those are awesome numbers.

Consider that with 7.9% of the lots that crossed the block at Barrett-Jackson, Gooding & Company brought in 55.1% of Barrett-Jackson’s total dollars.

Twelve of Gooding’s lots sold on hammer bids of $1 million or more. They brought a total with commissions of $31,405,000.

36.3% of the lots sold brought hammer bids above their pre-sale high estimates – and Gooding & Company is not known for scrimping on its pre-sale estimates. Several cars brought world record prices, some by margins so large they defy comprehension.

In just six years since David Gooding and his team put their toe in the Scottsdale sand in 2008 their auction has firmly established itself as the second highest grossing sale of the week and set a unique standard for presentation. And while offering a consignment of exceptional quality, including several cars so unusual they had even jaded observers rushing to look deeper into their details when hoods and doors were opened (like the Maserati 150 GT Spider) there also were plenty of five-figure cars accessible to the audience that watches Barrett-Jackson on SPEED TV.

The only thing that might be considered missing was an eight-figure car, but it’s more than sufficient to settle for an $8.25 million Ferrari California Spider.

Gooding’s next sale is at Amelia Island on March 8 where they’ve already announced a Ghia-bodied Fiat 8V Supersonic Coupé and a 4 1/2 Liter “Blower” Bentley. Time will tell what other treasures are unearthed for Amelia.

Gooding & Company Scottsdale 2013 – Auction Report

1937 Cord 812 Supercharged Convertible Coupe Sportsman
Lot # 6 1937 Cord 812 Supercharged Convertible Coupe Sportsman; S/N 32463; Engine # FC3252; Maroon/Tan leather; Estimate $200,000 – $300,000; Older restoration, 3+ condition; Hammered Sold at $300,000 plus commission of 10.00%; Final Price $330,000. – Supercharged, fog lights, wide whitewalls, soft top and hardtop. — A-C-D report verifies the supercharged engine as original. Good paint, chrome and interior. Some of the less obvious body work isn’t to the same standards as the visible workmanship. Chassis and underbody show some ago and use. A singular Cord 812 Supercharged Sportsman Convertible with a hardtop that has been part of its history since the 1950’s. Sold at Barrett-Jackson Scottsdale in 1998 for $103,635, then at RM Amelia in 2007 for $225,500, the price here for a car that’s showing its venerable restoration is nothing if not exceptional. (photo: Mike Maez)
1995 Ferrari F50
Lot # 8 1995 Ferrari F50; S/N ZFFTG46AXS0104192; Red/Black leather, Red cloth; Estimate $800,000 – $1,000,000; Unrestored original, 2 condition; Hammered Sold at $1,250,000 plus commission of 10.00%; Final Price $1,375,000. – Black calipers, SF shields, hardtop (with crate), books, tool kit, luggage. — Essentially unused, driver’s seat barely scuffed. US-spec with under 700 miles in total, bought new by Roger Penske. A big premium for the low miles and basically impeccable condition.
1963 Studebaker Avanti R2 Coupe
Lot # 9 1963 Studebaker Avanti R2 Coupe; S/N 63R1004; Engine # RS1023; White/Tangerine vinyl; Estimate $50,000 – $60,000; Recent restoration, 2 condition; Hammered Sold at $68,000 plus commission of 10.00%; Final Price $74,800. No Reserve – Paxton supercharged 289hp 289 cubic inch V-8, automatic, wheel covers, narrow whitewalls, P/S, radio, Twin-Traction axle. — Restored to high standards for America’s Foremost Avanti Collector and essentially impeccable in all respects. Freshly detailed and it shows. The fourth Avanti built, with all the desirable features. Only RM’s sale of an unrestored 1964 R3 Avanti at Amelia Island in 2010 for $96,250 surpasses the exceptional price realized by this aficionado’s choice ’63 R2 Avanti, a result which the consignor’s willingness to submit it to the Gooding auction’s bidders without reserve just nine cars into the first day’s sale paid off. The best cars bring the best bids.
1930 Ford Model A Special Dual Cowl Sport Phaeton
Lot # 12 1930 Ford Model A Special Dual Cowl Sport Phaeton, Body by LeBaron; S/N A2079701; Black/Red leather; Beige cloth top; Estimate $325,000 – $400,000; Recent restoration, 2+ condition; Not sold at Hammer bid of $285,000 – Grebel headlights, dual windshields, black wire wheels, blackwall tires, chrome ringed rear-mounted spare, chrome Klaxon horn, patent leather front fender splash aprons. — Built for Edsel Ford on a narrow track prototype frame from Ford’s British factory, documented with copies of numerous Ford documents and correspondence between Edsel Ford and LeBaron’s Ralph Roberts. Well known but long thought to have been destroyed, discovered in 2007 on an Illinois farm owned by early collector Vernon Jarvis who had owned it since the 50’s. Now freshly restored to better than new condition. An important car. This is a double-take automobile. At first glance it looks like a Model A Ford, but it’s not quite right, which brings another, closer, look that starts to reveal that it’s not a Model A at all. It’s narrower, with a nearly barrel-side profile to the body sides, a tidy rear end tucked between the fenders and longer fenders that end under the middle of the small front doors. The restoration is gorgeous and the car is both beautiful and historic, deserving more that the high bid recorded by Gooding auctioneer Charlie Ross. This is a car that only gets better with close inspection, reflected in the enthusiasm of the consignor — who has owned just about every kind of desirable automobile — for it.
1960 Alfa Romeo Giulietta Sprint Speciale
Lot # 29 1960 Alfa Romeo Giulietta Sprint Speciale, Body by Bertone; S/N 1012000657; Red/Red, White cloth; Estimate $130,000 – $160,000; Older restoration, 3+ condition; Hammered Sold at $90,000 plus commission of 10.00%; Final Price $99,000. No Reserve – Steel wheels, hubcaps, 5-speed, Nardi woodrim steering wheel, Carello headlights. — A sound older European restoration recently freshened mechanically and cosmetically. Very orderly and correct underhood. Sound paint and interior. A good driver quality SS. Alfa Sprint Speciales for a long time were overlooked, but that is no longer the case. This is a good example, thoroughly detailed for the auction but the underlying restoration is only to sound European driver standards. The seller should be very happy to get this much for it even taking into account the highly optimistic estimate. The buyer got full value for the money.
1958 Ferrari 250 GT LWB California Spider
Lot # 30 1958 Ferrari 250 GT LWB California Spider, Body by Pinin Farina; S/N 1073 GT; Engine # 1073 GT; Blue Sera Metallic/Tan leather; Estimate $5,500,000 – $7,000,000; Recent restoration, 2+ condition; Hammered Sold at $7,500,000 plus commission of 10.00%; Final Price $8,250,000. – Chrome spoke Borrani wire wheels, Dunlop blackwall tires, Marchal driving lights, covered headlights. — Freshly restored by Dennison International and better than new with excellent cosmetics. For the $600,000 in restoration invoices that come with it, it should be. FCA Platinum and Pebble Beach in 2012, Ferrari Classiche certified. It almost wouldn’t be a Gooding & Company auction without a California Spider on the docket. Buyers keep lining up in the queue to own one, though, and competing vigorously with consistent over-estimate results.
1932 Alfa Romeo 6C 1750 Series V Gran Sport Spider, Body by Zagato
Lot # 32 1932 Alfa Romeo 6C 1750 Series V Gran Sport Spider, Body by Zagato; S/N 10814400; Dark Red/Brown leather; Estimate $1,500,000 – $2,200,000; Older restoration, 2- condition; Hammered Sold at $1,250,000 plus commission of 10.00%; Final Price $1,375,000. – Black wire wheels, folding windshield, dual rear spares. Late body design with many 8C design elements including a fully disappearing top. — Restored in the early 80’s by Fran Roxas, third in class at Pebble Beach in 1985, Best in Class at Amelia Island in 1996. Re-restored in 2003 with new paint and upholstery. Engine rebuilt by Jim Stokes and dynoed at 100hp with an SU carburetor (original Memini carb comes with the car.) Completed the Mille Miglia in 2009 and 2010. A superb example set up and prepared for driving in long open road events. Cosmetics are showing age, but also a real Alfa Romeo patina the way it should be. An old friend offered by RM in Arizona in 2002 where it was bid to $290,000, then sold by Gooding in Scottsdale in 2008 for $1,540,000 and reported sold again by Gooding at Pebble Beach in 2011 for the same price, a history that does not jibe with this catalog’s ownership history. It showed 1,338 km on its odometer when it sold in 2008 and has 7,052 today, an enjoyable 3,550 miles as well as receiving some much-needed attention and detailing. With its original engine and late-1750 Zagato body as well as the quality workmanship that has gone into it over the past decade or so it is a very good value at this price. (photo: Mike Maez)
1935 Mercedes-Benz 500K Cabriolet A
Lot # 38 1935 Mercedes-Benz 500K Cabriolet A, Body by Sindelfingen; S/N 105379; Engine # 105379; Grey, Black fenders/Red leather; Black leather top; Estimate $2,500,000 – $3,000,000; Older restoration, 2- condition; Hammered Sold at $2,500,000 plus commission of 10.00%; Final Price $2,750,000. – Commission # 21869. Black wire wheels, blackwall tires, dual rear spares, mother-of-pearl instrument panel, radio, Bosch headlights and dip-beam. — Delivered new to Sweden with lefthand drive, restored in Germany in the late 80’s to very high standards but without over-restoration and still in impressively well-maintained condition. Recently detailed and mechanically gone through, a really impressive automobile and one of only 11 500K Cab As believed to survive. Within the Scottsdale auctions there were two supercharged 8-cylinder Mercedes-Benz Cab As, this 500K at two and three-quarter million and Bonhams cosmetically maintained 540K at $1,312,500. It takes no skill at all to figure out which was the better value. This 500K was over-hyped and under-powered. (photo: Mike Maez)