Gooding & Co set new world auction record for a Bugatti Type 37, results

Gooding & Co set new world auction record for a Bugatti Type 37, results

An original 1966 Ferrari 275 GTB Long Nose sold for $1,936,000. - Photo copyright and courtesy of Gooding & Company. Image by Mike Maez.

Gooding & Company maintained its status as a market leader by setting new world auction records at the company’s week-long Geared Online Scottsdale Edition auction. 

The company realized $7,092,031 from 39 of 49 lots for an 80% sell-through rate, and saw an average price of $181,846 per lot sold.

Gooding & Company’s online Arizona sale featured some of the world’s most esteemed marques, from prewar to present day. A Ferrari led the sale with the well-preserved 1966 Ferrari 275 GTB Long Nose achieving $1,936,000. 

One of the most exciting cars of the week, the 1954 Aston Martin DB2/4 Drophead Coupe, saw bidding placed up until the very last second before ultimately selling for $968,000.

The timeless 1926 Bugatti Type 37 Grand Prix reached a final sale price of $935,000, which set a new auction world record for a Type 37. 

Rounding out the company’s top five sales was an attractive 1965 Shelby GT350 that ended a lengthy bidding war with a winning price of $385,000. 

One of the most distinctive lots from the online sale, the record-breaking 1972 Citroen SM Land Speed Racer, successfully sold above estimate at an impressive $203,500. A 1968 Meyers Manx more than doubled its low estimate by selling for $101,200, setting a new auction world record for the model in the process.

In addition to  a stunning array of collector cars on offer, Gooding & Company sold 100% of its automobilia lots, highlighted by the extremely rare c. 1963 Midway Race-Way Pinball Machine. This original and operational electro-mechanical pinball machine smashed its pre-auction estimate for a final price of $27,500, becoming one of the most expensive pinball machines ever sold at auction. The fifth lot in the sale, a Bugatti Type 59 Grand Prix Model by Antonietti-Bossac, ultimately sold for an outstanding $16,875. In total, the company sold all 15 of its automobilia lots, continuing its success in selling a range of automotive history.

“We are pleased with the results of our Geared Online Scottsdale Edition sale,” states Gooding & Company President and Founder, David Gooding. “Although we miss interacting with our clients one-on-one and commanding the auction stage at our annual Scottsdale event, it is exciting to see such incredible engagement on our Geared Online platform.”

Top Five Sales

1966 Ferrari 275 GTB Long Nose, sold for $1,936,000
1954 Aston Martin DB2/4 Drophead Coupe, sold for $968,000
1926 Bugatti Type 37 Grand Prix, sold for $935,000
1967 Ferrari 330 GTC, sold for $517,000
1965 Shelby GT350, sold for $385,000

Click here for full results

Geared Online | The European Sporting & Historic Collection
Gooding & Company’s next sale will be its Geared Online UK auction, The European Sporting & Historic Collection. 

This online only sale follows the company’s record-breaking “Passion of a Lifetime” UK event at Hampton Court Palace. The online only auction will begin on Thursday, 28th January and run through Friday, 5th February 2021, with lots closing beginning at 17:00 GMT. These nine coveted and magnificent automobiles hail from some of Europe’s most significant marques. Preceding the online event, all available lots will be housed in a central location north of London, providing the opportunity for interested bidders to experience the online offerings. 

For more information, please contact Online bidder registration will be available through Gooding & Company’s website and mobile apps for iOS and Android.

Geared Online | European Sporting & Historic Collection
Online Catalogue Available: Monday, 25 January
Auction Begins: Thursday, 28 January 09:00 GMT
Lots Begin Closing: Friday, 5 February 17:00 GMT

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