Setting New World Records
Gooding & Company broke world records left and right in Amelia Island last week. A remarkably successful auction saw 93 lots sold for a sell-through rate of 94% and a total of $69,209,480 changing hands. More than twenty cars sold for more than $1,000,000, with the average lot price being $744,188.
The top sale for Gooding & Company was a 1937 Talbot-Lago T150-C-SS Teardrop Coupe that set a new world record for Talbot-Lagos at auction, selling for $13,425,000 including commission. Additional million dollar cars include a 1967 Toyota-Shelby 2000 GT, also setting a world record for the most expensive Japanese car at auction as well as the most expensive Toyota sold at an auction with a final price of $2,535,000.
World records were also set with the sale of a 1954 Bentley R-Type Continental Fastback – sold for $2,975,000 – and a 1963 Chevrolet Corvette Z06 Split-Window Coupe selling for $1,242,500. A 2005 Porsche Carrera GT sold for $2,012,500, just exceeding the previous world record price of $2,000,000.
In fact, all Porsches offered by Gooding & Company sold – an impressive rate considering Porsches made up a full third of all the cars that hit the block. The most expensive was a 1959 Porsche 718 RSK that sold for $2,975,000 following an exciting bidding war. A new world record was set for the 1993 Porsche 964 Carrera RS 3.8 Clubsport when it went for $1,875,000. Additionally, while not exactly a Porsche, the blue 1998 RUF Turbo R Limited on offer set a world record for RUFs at auction, selling for $2,040,000.
David Gooding, Founder and President of Gooding & Company said, “We could not be more gratified and proud of the tremendous success of our Amelia Island Auction this year.” He later continued, “Our targeted offerings reflected the tastes and interests of our buyers at this moment in time, and also reiterated recent trends in the market, especially with increased demand in rare, desirable, and customized Porsches and competition cars.” Judging by the number of records set and the quality of car we witnessed on the block, we have to agree that Gooding & Company knows what their buyers want to see these days.