Highest Sell-Through Rate Across All Auction Houses
Gooding & Company, the auction house celebrated for selling the world’s most covetable collectible cars, realized $22,047,980 in a single day at the company’s 10th annual Amelia Island Auction, held on March 8, 2019, including three of the top ten sales across all auction houses. The most anticipated and talked-about event of the week continued to impress, as President David Gooding and Auctioneer Charlie Ross sold 78 of 89 lots for an exceptional 88% sales rate, resulting in an average price of $282,666 per car sold. Of those that left the block with new owners, six sold above the $1 million mark.
The heightened energy from the standing-room-only crowd was evident as stars from the sale hit their mark under the spotlight – with the sportingly elegant 1930 Packard 734 Speedster Runabout drawing the highest winning bid of the day, selling for $1,765,000. The esteemed auction house continued its tradition as the Porsche market leader, selling the most expensive model of the week – the 2015 Porsche 918 Spyder Weissach (sold for $1,490,000) from The Jan Koum Collection. Other notable Porsche sales include the 1993 Porsche 964 Carrera RS 3.8 (sold for $1,132,500), the 1987 Kremer Porsche 962C (sold for $1,022,500), and the 1984 Porsche 911 SC/RS (sold for $687,000).
Italian classics also had their moment in the Florida sun, as the 1965 Ferrari 275 GTS (sold for $1,325,000) and the 1963 Ferrari 250 GT Lusso (sold for $1,226,000) showcased exciting bidding wars and strong results. The 1961 OSCA 1600 GT also sold for $489,000, a new benchmark for the model.
“While we continue to see growth in the demand for modern collectibles, key sales from this year’s auction proved the desire for top-of-category classic and prewar examples,” states David Gooding, President and Founder of Gooding & Company. “We are proud of the results that emerged from our diverse lineup, such as the highest price achieved for a prewar car and a Porsche, in addition to the highest overall sale rate over our competitors.”
Top Ten Sales
Lot 33 – 1930 Packard 734 Speedster Runabout, sold for $1,765,000
Lot 48 – 2015 Porsche 918 Spyder Weissach, sold for $1,490,000
Lot 26 – 1965 Ferrari 275 GTS, sold for $1,325,000
Lot 76 – 1963 Ferrari 250 GT Lusso, sold for $1,226,000
Lot 42 – 1993 Porsche 964 Carrera RS 3.8, sold for $1,132,500
Lot 69 – 1987 Porsche 962C, sold for $1,022,500
Lot 81 – 1965 Shelby Cobra, sold for $714,500
Lot 65 – 1984 Porsche 911 SC/RS, sold for $687,000
Lot 83 – 2004 Porsche Carrera GT, sold for $687,000
Lot 46 – 2011 Porsche 997 GT3 RS 4.0, sold for $582,500
Gooding & Company’s next sale is the 15th Annual Pebble Beach Auction, taking place on August 16 and 17, 2019, at the Pebble Beach Equestrian Center. Last year’s record-setting event delivered one of the most memorable sales in auction history; the sale of the 1935 Duesenberg for $22 million set a new world record for most valuable prewar car ever sold. On top of that, an astonishing 25 lots sold above the $1 million mark and an additional 23 world auction records were set. As the official auction house of the Pebble Beach Concours d’Elegance®, Gooding & Company is renowned for showcasing the finest classic, sports and racing cars on the world’s stage.