Gooding & Company Totals Over $16 Million at Its Successful Geared Online May Auction
Gooding & Company have closed out yet another successful installment of its Geared Online sale series which took place from May 3 to May 7.
Several high-value and rare cars, including the top seller, a 1967 Ferrari 275 GTB/4 Alloy, were sold at the company’s online sale.
Gooding & Company, the highly acclaimed auction house revered for consistently selling prized collector cars and automobilia, closed out yet another successful installment of its Geared Online sales which took place from May 3 to May 7. The company realized $16,202,500 from 84 of 87 lots, resulting in a 97% sell-through rate and an average price of $192,886 per lot sold. Five cars were sold for prices well over $1,000,000 each.
The latest auction presented a host of prized vehicles from notable European and American marques. The top sale was a 1967 Ferrari 275 GTB/4 Alloy, which achieved a total price of $3,586,000. A rare garage find, the 1955 Ferrari 250 Europa GT also proved impressive, achieving a selling price of $2,222,000. The company also achieved exceptional numbers with a 1968 Meyers Manx, selling at $59,400, and a stunning black over black 2015 Porsche 918 Spyder, selling at $1,144,000. A beautifully restored 1957 BMW 507 Series II sold for a high value at $2,200,000, along with a stunning 1961 Mercedes-Benz 300 SL Roadster that sold for $1,232,000. One of the best performers of the sale was a 1966 Jaguar E-Type Series I 4.2-Litre Fixed Head Coupe, which kept bidders enticed up until the last moment and sold well over its high estimate at $253,000.
Gooding & Company also sold 100% of its automobilia lots in addition to its curated collection of premium collector cars. One highlight was a Jaguar D-Type Child’s Car, which sold for $25,625. Other items sold included International Mutoscope coin-operated driving games from the 1940s and 1950s, as well as assorted Ferrari brochures, manuals, and press kits.
“Our team did an exceptional job curating and consigning this collection of cars” states Gooding & Company
Top 5 Auction Highlights
1955 Ferrari 250 Europa GT
1957 BMW 507 Series II
1961 Mercedes-Benz 300 SL Roadster
Image courtesy of Gooding & Co