Gooding & Company Reflects on One of Its Most Successful Years to Date, Realizes over $212 Million in Sales across All Auctions
In 2022, the global auction house conducted its most successful Amelia Island Auction, presented its largest Pebble Beach catalogue to date, and concluded its second ever live auction in the UK.
International auction house Gooding & Company concludes its second most successful business year to date since its inception in 2003, posting an overall sales total surpassing $212 million realized from all 2022 auctions. With its most profitable Amelia Island Auction to date, its largest ever Pebble Beach Auctions offering, and its second live auction event in the UK, coupled with two Geared Online auctions, Gooding & Company sold a total of 597 lots, attaining an 87% sell-through rate for all vehicles auctioned, and an 89% sales rate for automobilia. The firm sold 55 cars valued over $1 million, signifying a staggering increase from the year prior. Additionally, the average price per car sold in 2022 was $695,375, a figure which also increased from the previous year.
Continuing its tradition of selling the most valuable cars at auction year after year, Gooding & Company sold three of 2022’s top automotive lots, led by the 1937 Talbot-Lago T150-C-SS Teardrop Coupe which achieved $13,425,000 at the firm’s record-setting Amelia Island Auction in March. Not only was the Talbot-Lago the most valuable car sold during the week, but it also set a new world record for all French automobiles ever sold at auction. Gooding & Company’s second top lot of the year was the elegant 1937 Bugatti 57SC Atalante, which sold for $10,345,000 as the star car of the Pebble Beach Auctions in August. Further, upon the firm’s return to the UK as the official auction sponsor and partner of the Concours of Elegance at Hampton Court Palace, Gooding & Company sold its third top lot of the year, the 1960 Ferrari 250 GT SWB Berlinetta Competizione, for £7,762,500 at its London Auction in September.
“We are incredibly pleased with our overall auction performance throughout 2022, as evidenced by metrics which indicate steady, targeted, and purposeful growth,” said Gooding & Company President and Founder, David Gooding. “By strategically tailoring our offerings for a select number of auction events throughout the year, we were able to witness unprecedented results, particularly at our Amelia Island, Pebble Beach, and London venues. The quality, historical significance, and rarity of the cars we bring to market provide a valuable hedge against greater economic fluctuations, and the prized collector vehicles featured on the Gooding & Company auction stage truly speak for themselves as they set records and reach new benchmarks with each passing year.”
Top Ten Lots Sold at Auction in 2022:
1937 Talbot-Lago T150-C-SS Teardrop Coupe, sold for $13,425,000
1937 Bugatti Type 57SC Atalante, sold for $10,345,000
1960 Ferrari 250 GT SWB Berlinetta Competizione, sold for £7,762,500
1961 Ferrari 400 Superamerica Series I Coupé Aerodinamico, sold for $6,000,000
2007 Porsche RS Spyder Evo, sold for $5,615,000
1995 Ferrari F50, sold for $4,625,000
1969 Porsche 908/02, sold for $4,185,000
2004 Ferrari Enzo, sold for $4,130,000
1990 Ferrari F40, sold for $3,965,000
1932 Bugatti Type 55 Cabriolet, sold for £2,925,000
Notable World Auction Records in 2022 (model specific):
1937 Talbot-Lago T150-C-SS Teardrop Coupe, sold for $13,425,000 (also a world record for the Talbot-Lago marque and all French cars at auction)
2007 Porsche RS Spyder Evo, sold for $5,615,000
1969 Porsche 908/02, sold for $4,185,000
1990 Ferrari F40, sold for $3,965,000
1994 Bugatti EB110 Super Sport, sold for $3,167,500
1954 Bentley R-Type Continental Fastback, sold for $2,975,000
1967 Toyota-Shelby 2000 GT, sold for $2,535,000 (also a world record for the Toyota marque and all Japanese cars at auction)
1973 Porsche 911 Carrera RS 2.7 Lightweight, sold for $2,425,000
1998 RUF Turbo R Limited, sold for $2,040,000 (also a world record for the RUF marque)
1993 Porsche 964 Carrera RS 3.8 Clubsport, sold for $1,875,000
1965 Alfa Romeo Giulia TZ, sold for £1,181,250
1963 Chevrolet Corvette Z06 Split-Window Coupe, sold for $1,242,500
Looking Ahead to 2023
Gooding & Company looks forward to its scheduled auctions for 2023, where it will undoubtedly continue its growth as a market authority and automotive auction powerhouse by consistently yielding unmatched results and bringing only the finest possible offerings to market. This March, Gooding & Company will, for the first time ever, hold a two-day sale at its Amelia Island venue. The Amelia Island Auctions will take place on Thursday, March 2, and Friday, March 3. The Thursday evening auction will include select offerings from notable collections, and the Friday daytime auction will present the bulk of the company’s catalogue. The sale will feature the recently announced RUF//The Collection, consisting of four exceedingly rare and one-off masterpieces hand built by the legendary German manufacturer in Pfaffenhausen.
Image: 1937 Talbot-Lago T150-C-SS Teardrop Coupe
