1938 Alfa Romeo 8C 2900B Lungo Spider, sold for $14,030,000 (total)- Photo copyright and courtesy of Gooding & Company. Image by Hanna Yamamoto
The 20th Annual Pebble Beach Auctions by Gooding & Company Achieve a Market-Leading $108+ Million in Total Sales, Led by the Alfa Romeo 8C 2900B Lungo Spider Sold for Over $14 Million
Gooding & Company concluded its 20th annual Pebble Beach Auctions as the official auction house of the Pebble Beach Concours d’Elegance®, grossing an impressive $108+ million in sales.
Gooding & Company, the official auction house of the Pebble Beach Concours d’Elegance® for the 20th year, offered its largest catalogue to date since inception in 2003, grossing over $108 million in total sales over the course of its two-day auction event. The headlining lot of the sale, among the leading auctions of the week, was the highly coveted 1938 Alfa Romeo 8C 2900B Lungo Spider recently recovered from a high-profile heist, achieving an incredible $14,030,000 on the block. A total of 151 lots sold for an 82% sell-through rate, with 25 cars achieving over $1 million. The average price per lot was a market-leading $721,783, underscoring the strength and quality of offerings.
Vintage competition cars comprised a significant portion of the catalogue, and many brought in remarkably high figures during the sale. Notable vintage racing Ferraris included the 1955 Ferrari 857 Sport Spider, which sold for $5,350,000, and the 1958 Ferrari 250 GT Tour de France Berlinetta, which achieved $5,200,000. A 1995 Ferrari 333 SP Evoluzione by Dallara with important competition history, including the 24 Hours of Le Mans and IMSA WSC Championships, set an auction record price for the 333 SP, achieving $5,120,000. The revolutionary 1976 Porsche 935, chassis 935-001, also sold for $4,295,000, and the Mille Miglia veteran 1956 Maserati A6G/54 Berlinetta realized $3,550,000.
Demonstrating a strong command across all strata of the car market, Gooding & Company’s prewar offerings also brought in large figures, including the 1934 Duesenberg Model J Disappearing-Top Convertible Coupe, which sold for $3,745,000, and the graceful 1938 Delahaye 135M Torpédo Roadster offered from the Petersen Automotive Museum Collection. The latter achieved $2,095,000 on the auction block. Gooding & Company also set a new world record at auction for the Stearns marque with the 1910 Stearns 30/60 Five-Passenger Touring, which sold for $1,600,000, and the well-known 1930 Packard 734 Speedster Runabout garnered $1,545,000.
The Pebble Beach Auctions offered the first-ever Dynamics and Lightweight Study by Singer to come to auction with the 1991 Porsche 911 Reimagined by Singer ‘Dynamics and Lightweight Study,’ which sold for a market-setting $3,085,000 certain to establish the standard for future auction sales. Additional top sellers included the impeccably restored 1968 Lamborghini Miura P400 finished in Azzurro Cielo, which brought in $2,315,000, and the sleek 1960 Aston Martin DB4 GT, which achieved $2,095,000.
100% of lots sold from each of the collections on offer, including the Thomas H. Larsen Collection, the Santa Fe Collection, the Scott Isquick Collection, and the Dr. Theodore Waugh Collection. Each of the offerings from these collections captured the attention of countless telephone and online bidders, leading to remarkably successful results on the auction block. Additionally, the trio of modern Zagato offerings from Limited Edition: The Zagato Collection performed especially well after months of international attention from the automotive community and media at large. The 2001 Ferrari 550 GTZ Barchetta in particular set a new world auction record for the Ferrari 550 Barchetta with its sale price of $841,000.
Two of the lots on offer presented buyers with the opportunity to contribute towards the Pebble Beach Company Foundation's charitable mission. The buzzworthy 2025 BMW M5 Pebble Beach Concours d’Elegance #1/1, a one-off creation set to be the first of the 2025 M5s delivered to North America, achieved $313,000 on the auction block after a compelling introduction by the CEO of BMW M, Frank van Meel. Additionally, the Bugatti Type 59 Book, Artist’s Proof No. 1 offered by the Pebble Beach Concours d'Elegance® sold for $100,000.
Notably, on Concours Sunday, the incomparable 1934 Bugatti Type 59 Sports, which set a world record at Gooding & Company’s notable Passion of a Lifetime Auction at Hampton Court Palace in 2020, was crowned Best of Show, heralding the first time that a Preservation vehicle garnered the highest of honors.
“We are incredibly proud of the unprecedented selection of cars we brought to auction for our 20th year at Pebble Beach, and this resulted in one of our most successful sales to date, surpassing last year’s performance with market-leading figures from offerings across many categories,” said Gooding & Company President and Co-Founder, David Gooding. “Many of our top lots achieved incredible figures, and we had the highest prices paid throughout car week for marques including Alfa Romeo, Aston Martin, Duesenberg, Delahaye, Packard, and Porsche Reimagined by Singer. As always, we are ever grateful to all of the people that make the magic happen, including all of our dedicated team members and loyal clientele.”
Lots Sold Over $1 Million:
Lot 29 - 1938 Alfa Romeo 8C 2900B Lungo Spider, sold for $14,030,000
Lot 150 - 1955 Ferrari 857 Sport Spider, sold for $5,350,000
Lot 40 - 1958 Ferrari 250 GT Tour de France Berlinetta, sold for $5,200,000
Lot 44 - 1995 Ferrari 333 SP Evoluzione, sold for $5,120,000
Lot 32 - 1976 Porsche 935, sold for $4,295,000
Lot 25 - 1934 Duesenberg Model J Disappearing-Top Convertible Coupe, sold for $3,745,000
Lot 132 - 1956 Maserati A6G/54 Berlinetta, sold for $3,550,000
Lot 52 - 1991 Porsche 911 Reimagined by Singer ‘Dynamics and Lightweight Study’ sold for $3,085,000
Lot 19 - 1968 Lamborghini Miura P400, sold for $2,315,000
Lot 21 - 1960 Aston Martin DB4 GT, sold for $2,095,000
Lot 34 - 1938 Delahaye 135M Torpédo Roadster, sold for $2,095,000
Lot 154 - 1970 Lamborghini Miura P400 S, sold for $2,040,000
Lot 196 - 1968 Ferrari 330 GTS, sold for $1,957,500
Lot 16 - 1967 Ferrari 330 GTS, sold for $1,655,000
Lot 112 - 2015 Porsche 918 Spyder, sold for $1,655,000
Lot 160 - 1953 Ferrari 212 Europa Coupe, sold for $1,625,000
Lot 130 - 1910 Stearns 30/60 Five-Passenger Touring, sold for $1,600,000
Lot 12 - 1955 Mercedes-Benz 300 SL Gullwing, sold for $1,545,000
Lot 38 - 1930 Packard 734 Speedster Runabout, sold for $1,545,000
Lot 167 - 1908 American Underslung 50/60 HP Roadster, sold for $1,215,000
Lot 56 - 1960 Mercedes-Benz 300 SL Roadster, sold for $1,200,000
Lot 183 - 1961 Mercedes-Benz 300 SL Roadster, sold for $1,187,500
Lot 28 - 1990 Porsche 911 Reimagined by Singer, sold for $1,160,000
Lot 144 - 1914 Sunbeam Tourist Trophy Race Car, sold for $1,105,000
Lot 136 - 1929 Duesenberg Model J Town Car, sold for $1,077,500
New World Auction Records:
Lot 44 - 1995 Ferrari 333 SP Evoluzione, sold for $5,120,000 (a world record for the model)
Lot 130 - 1910 Stearns 30/60 Five-Passenger Touring, sold for $1,600,000 (a world record for the marque)
Lot 141 - 2001 Ferrari 550 GTZ Barchetta, sold for $841,000 (a world record for the model)
The 1934 Bugatti Type 59 Sports, purchased from Gooding & Company's Passion of a Lifetime Auction in 2020, won Best of Show on Concours Sunday.
