Pebble Beach Car Auction Totals $128 Million

Aug 18, 2015

Gooding & Co. realized more than $128 million at its Pebble Beach Auctions this past weekend, resulting in a two-day sales company record. During the two-day sale, the auction house sold 115 of 129 lots, a 89-percent sale rate, and the company’s highest-ever average price of $1,113,896 per car.

During the auction weekend,  26 cars sold over the $1 million mark, including three vehicles over $10 million. World records were broken as new market standards were set for Ferrari and Porsche, including a 1961 Ferrari 250 GT SWB California Spider (sold for $16.8 million), 1962 Ferrari 250 GT SWB Berlinetta Speciale (sold for $16.5 million), Le Mans-winning 1982 Porsche 956 (sold for $10.1 million), 1960 Porsche RS60 (sold for $5.4 million), 1957 Ferrari 410 Superamerica Series II Coupe (sold for $5.08 million), and a 1988 Porsche 959 Komfort (sold for $1.7 million).

“New benchmarks were set and our company hit a new record for highest two-day sale,” said David Gooding, president of Gooding & Co. “We are incredibly grateful and proud for the support and patronage in making this such a successful auction. Our clients understand we selectively consign vehicles of quality and provenance, which is why we consistently have one of the highest sell-through percentages and prices realized in the industry. To hit $128 million in just two days with just 129 cars is a real achievement.”

Top Five Cars

  • 1961 Ferrari 250 GT SWB California Spider, $16,830,000
  • 1962 Ferrari 250 GT SWB Berlinetta Speciale, $16,500,000
  • 1982 Porsche 956, sold for $10,120,000
  • 1960 Porsche RS60, sold for $5,400,000
  • 1957 Ferrari 410 Superamerica Series II Coupe, sold for $5,087,500