International auction house Gooding & Company wrapped up 2021 reporting success on both the overall growth and price performance fronts. Through seven Geared Online digital auctions and its much-anticipated return to the live-auction stage in Pebble Beach, the company exceeded $150 million in sales, reporting an incredibly profitable year after the global instability of 2020.
Indicating steady growth, Gooding & Company sold a total of 1,044 lots, achieving an 88 percent sell-through rate for all vehicles auctioned, and an astounding 100 percent sell-through for all automobilia.
Additionally, the auction house sold 36 cars each valued at over $1 million. Notably, its average price per car sold this year was an industry-leading $608,014.
Gooding & Company sold the pictured 1995 McLaren F1 for $20,465,000 at its Pebble Beach Auctions, making it the most valuable car sold at auction this year. Photo copyright and courtesy of Gooding & Company. Image by Mike Maez.
The company made global headlines at Pebble Beach in August with a 1995 McLaren F1 setting a new record for the model at $20,465,000, and followed up at the same auction with a 1959 Ferrari 250 GT LWB California Spider Competizione achieving $10,840,000.
Additionally, the company set numerous world auction records with examples from Bugatti, Lamborghini, Ferrari, and Mercedes-Benz, and continued to achieve top figures from the sales of Duesenberg, Aston Martin, and Ford vehicles.
Building upon the previous year’s expansion and development, Gooding & Company excelled further with a number of Geared Online auctions, both in the US and the UK, offering both highly valuable, prized collector cars, and rare automobilia from the collections of famed racing driver Phil Hill as well as renowned collectors Donald L. Weber and Stephen P. Dean.
Recently, it announced long-term sponsorship of the Concours of Elegance in London, where it will return in September 2022 to conduct a sale held on the exquisite grounds of Hampton Court Palace.
“After the immense challenges and uncertainties of the pandemic, this year bore witness to the strength and resilience of the collector car market, and auction houses like ours came out stronger than ever by maneuvering through unprecedented times with innovation, integrity, and adaptability,” said Gooding & Company President and Founder, David Gooding. “We saw the strong demands of the market unfold in front of our very eyes this year, especially at our record-setting Pebble Beach Auctions.
“In 2022, we look forward to further delivering our proven company standard with the utmost agility and attentiveness. We are proud to continue expanding our offerings both in the live auction and digital realms, and are especially delighted to become a consistent presence in the UK going forward.”
