Gooding & Company Sells Mark Smith Estate Auction
Gooding & Company held a successful auction in Lynchburg, Virginia for the Estate of Mark Smith, achieving a 100% sell-through rate and a total of $8,857,040 in sales. 86 lots were offered with no reserve at Midland Motors, a former Chrysler dealership that was converted into a museum. The strong prices and significant number of bidders is a testament to the tastes of Mark Smith.
The centerpiece of the sale was a one-off 1932 Chrysler CG Imperial Custom Roadster in largely original condition with notable period modifications. The Chrysler sold for $1,600,000, a new world record for any Chrysler. A 1934 Mercedes-Benz 500 K Offener Tourenwagen was the second most expensive lot sold, costing $857,500. The 500 K is one of only five examples of that particular style known to exist today.
A 1935 Brewster Coupe Roadster saw a remarkable number of bidders drive the price to a stunning $577,000, setting a world record for Brewsters and almost four times the pre-auction estimate. A third world record was set by a 1907 White Model G ‘Roi des Belges’ Touring that is now the most expensive steam-powered White automobile at $324,000.
Three world record results and significantly outperforming their own pre-auction estimates should leave Gooding & Company fairly content with the results of the Estate of Mark Smith Auction.