May 23, 2024

Linkage Mag

Geared for the Automotive Life

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Gooding & Co. Realized $109m in Sales at Pebble Beach Auctions

Image: Jared Wilson, courtesy of Gooding & Company

After two days of sending some of the world’s best cars across the auction block on the California coast, Gooding & Company finished its Pebble Beach Auctions with a staggering $109,452,370 in total sales. 158 lots were offered during the auction and 135 of them sold to new owners, amounting to a healthy sell through rate of 85%. 28 of those sold for over $1m. Just as impressive is the average price per lot of $810,788.

Leading the pack of sold automobiles was the 1937 Bugatti Type 57SC Atalante, selling all-in for $10,345,000. The matching-numbers Bugatti is one of 17 Type 57S Atalantes produced and was the second most expensive car sold during Monterey Car Week 2022.

Image: Mike Maez, courtesy of Gooding & Company

As many would expect examples of Ferrari and Porsche’s finest were strong sellers for Gooding in Pebble Beach, with two from each rounding out the top five sales. Following the Type 57SC was the 1961 Ferrari 400 Superamerica Series I coupe Aerodinamico that was custom built for Count Volpi, founder of Scuderia Serenissima. The Aerodinamico sold for $6m.

Image: Mike Maez, courtesy of Gooding & Company

Two modern cars landed in the third and fourth spots. A 2007 Porsche RS Spyder Evo, one of 17 built, sold for $5,615,000, and set a record for the model. It beat out a 6,200-mile, Classiche Certified 1995 Ferrari F50 formerly owned by boxing champion Mike Tyson, that realized $4,625,000.

Rounding out the top five was another record-breaking sale, this one achieved by a factory-works 1969 Porsche 908/02 that sold for $4,185,000. That is the largest sum ever paid for an example of the 908 model. The car’s impressive competition history includes races at Brands Hatch, Targa Florio, and Nürburgring.

Check out complete results from the 2022 Pebble Beach Auctions here