Collector Car Auction Sales Figures Indicate Strength in the Marketplace
1934 Alfa Romeo Sold By Gooding & Co.
Gooding & Company Achieves More Than $155 Million in Sales From Its 2017 Collector Car Auctions, Sells Most Valuable Porsche in World Auction History
New world-record prices established for Ferrari, Porsche, Maserati and Bugatti at auction; company also brokers significant private sales internationally
SANTA MONICA, Calif. (October 23, 2017) – Gooding & Company, the auction house acclaimed for selling the world’s most significant and valuable collector cars, achieved more than $155 million for 285 lots sold in 2017 and posted a strong 82% sale rate from the auction house’s three esteemed venues. Collectors responded to the quality and unique offerings as 40 cars sold above the $1 million mark and 42 new world auction records were established. Throughout 2017, Gooding & Company continued its tradition as the Porsche market leader, with over $42 million in sales and an average price of $682,298 for cars of this celebrated marque. Gooding & Company also set a new world record for the most valuable Porsche sold at auction with the 1970 Porsche 917K (sold for $14,080,000) presented at The Pebble Beach Auctions this year, besting the standard it had set in 2015 with the 1982 Porsche 956 (sold for $10,120,000). The auction house now holds seven of the top ten records for most valuable Porsches ever sold at auction.
“We continue to see strong demand for cars that combine all the attributes of rarity, performance, historical significance and provenance,” states David Gooding, President of Gooding & Company. “In this market, we are observing a greater divide between good, better, and best, and clients are increasingly selective with their purchases. This is why we strive to offer only the best examples from a variety of categories of cars and the reason why we see new clients return after each auction event.”
Gooding & Company’s auctions have become a destination for enthusiasts from around the globe, due to the company’s world-class presentation and vibrant atmosphere. “David Gooding and his team consistently offer automotive jewels in auctions that set the bar for the market,” stated Robert Ross of Robb Report. The auction house also attracted thousands of viewers from over 60 nations who tuned in to witness the events via the Gooding & Company live HD webcast.
Source: Gooding & Company Press Release dated October 23, 2017
