Record-Setting Pebble Beach Auction Sells 15 Classics for More than $1 Million

Aug 17, 2015

Gooding & Co., the auction house of Pebble Beach Concours d’Elegance, earned $69.7 million in auction dollars during the first night of its two-evening Pebble Beach Auctions.

The auction house sold 64 of 69 lots, a 93-percent sell-through rate that produced an average price of $1,089,726 per car. Confirming the continuing upward market trend in classic Ferraris, multiple auction records were broken at the Saturday (Aug. 15) sale, including a 1962 Ferrari 250 GT SWB Berlinetta Speciale, 1965 Ferrari 500 Superfast, and a 2001 Ferrari 550 Barchetta. In addition to the record-breaking Ferraris, prices for the 1986 Ford RS200 Evolution, 1939 Lagonda V-12 Rapide, Le Mans-winning Porsche 956, and Porsche 959 Komfort all set world records.

“This was the most successful one-day sale in our company’s history, which also resulted in the most expensive lot sold at a Gooding & Co. auction, the highly anticipated 1962 Ferrari ‘Sharknose’ 250 GT. This very special Ferrari was a terrific success with spirited bidding ultimately realizing a price of $16.5 million,” said David Gooding, president of Gooding & Co. Applause erupted Saturday as Jay Leno personally drove and presented the 2016 Ford Shelby GT350 across the auction block, which realized a price of $700,000 to benefit veterans on behalf of the George W. Bush Military Initiative. Joining Leno on stage were General Peter Chiarelli, Colonel Miguel Howe and Henry Ford III.

Lots over $1 million from the sale on Aug. 15:

Lot 39 – 1962 Ferrari 250 GT SWB Berlinetta Speciale (sold for $16,500,000)
Lot 50 – 1982 Porsche 956 (sold for $10,120,000)
Lot 29 – 1967 Ferrari 275 GTB/4 (sold for $3,877,500)
Lot 20 – 1965 Ferrari 500 Superfast (sold for $3,025,000)
Lot 34 – 1966 Ferrari 206 S Dino Spider (sold for $2,310,000)
Lot 59 – 1965 Ferrari 275 GTS (sold for $1,925,000)
Lot 62 – 2015 McLaren P1 (sold for $1,925,000)
Lot 23 – 1988 Porsche 959 Komfort (sold for $1,732,500)
Lot 13 – 1955 Mercedes-Benz 300 SL Gullwing (sold for $1,650,000)
Lot 36 – 1934 Rolls-Royce Phantom II Continental Sedanca Drophead Coupe (sold for $1,650,000)
Lot 47 – 1939 Lagonda V-12 Rapide (sold for $1,650,000)
Lot 37 – 1992 Ferrari F40 (sold for $1,375,000)
Lot 48 – 1927 Bentley 6 ½ Litre Le Mans Sports (sold for $1,210,000)
Lot 61 – 1960 Mercedes-Benz 300 SL Roadster (sold for $1,210,000)
Lot 18 – 1956 Maserati A6G/2000 Coupe (sold for $1,045,000)