Its Most Successful Pebble Beach Auction to Date, Gooding & Company Sells More Than $64.59 Million in Collector Cars for 106 Lots Sold

In two days, Six New World Records Achieved and Three $6 Million+ Collector Cars Sold

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Aug 18, 2010, 07:00 ET

PEBBLE BEACH, Calif., Aug. 18 /PRNewswire/ -- Gooding & Company, the official auction house of the Pebble Beach Concours d'Elegance, sold more than $64.59 Million(1) in collector cars over this past weekend at its annual prestigious Pebble Beach Auctions, achieving its highest-ever recorded sales total in its Pebble Beach history. Extraordinary results for the high-end collector car market with only 106 lots sold, Gooding & Company's price per car averaged an outstanding $609,000, a market leading number that demonstrates the overall quality of the auction house's automotive consignments. Three bright stars that sold for more than $6 Million each – the 1959 Ferrari 250 GT LWB California Spider, 1933 Alfa Romeo 8C 2300 Monza and 1961 Ferrari 250 GT SWB Berlinetta SEFAC Hot Rod – impressed an audience of enthusiasts and media by achieving new world sales records during the live auction and also ranking as Pebble Beach Auto Week's top three cars sold at auction this year.

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Complementing the sheer volume of multi-million dollar cars sold, Gooding & Company achieved six impressive world records over the weekend, listed as follows:

A world record for a LWB California Spider at auction, the 1959 Ferrari 250 GT LWB California Spider Competizione at $7,260,000
A world record for an Alfa Romeo at auction, the 1933 Alfa Romeo 8C 2300 Monza at $6,710,000
A world record for a SWB Berlinetta at auction, the 1961 Ferrari 250 GT SWB Berlinetta SEFAC Hot Rod at $6,105,000
A world record for a 200SI at auction, the 1956 Maserati 200SI at $2,640,000
A world record for a 340 America Spider at auction, the 1951 Ferrari 340 America Spider at $2,530,000
A world record for an SS100 at auction, the 1937 Jaguar SS100 at $1,045,000

To view a complete list of Gooding & Company's 2010 Pebble Beach Auctions results with prices realized, please visit Goodingco.com.

About Gooding & Company

Gooding & Company provides unparalleled service for those in the collector car market, offering a wide range of services, including private and estate sales, appraisals and collection management. The celebrated auction house recently made world history with the sale of the world's most valuable car, the magnificent 1936 Bugatti Type 57SC Atlantic. Gooding & Company sold a total of 278 collector cars at its three 2010 Auctions, totaling more than $114 Million. The 2011 Scottsdale Auctions will take place on Friday and Saturday, January 21 & 22, Amelia Island Auction will take place on Friday, March 11 and Pebble Beach Auctions will take place on Saturday and Sunday, August 20 & 21.

(1) The prices are in US Dollars, include the buyer's premium and are rounded to the nearest dollar. Gooding & Company is not responsible for typographical errors or omissions.

SOURCE Gooding & Company