International auction house Gooding & Company, official partner of the Concours of Elegance, conducted its second-ever live sale in Great Britain on Saturday, September 3, and raised a total of just over $26.2M.
The London Auction, conducted on the historic grounds of Hampton Court Palace, resulted in the sale of 31 out of 39 lots, achieving a 79 percent sell-through rate.
Seven cars brought in figures over the £1 million ($1.15M) mark, and the average price per lot was just over $847,000.
The London Auction was paced by the sale of the weekend’s star car, a 1960 Ferrari 250 GT SWB Berlinetta Competizione with well-documented period race history, which sold for an astounding $8.94M.
A world record at auction was also set with another Italian masterpiece from the 1960s, a 1965 Alfa Romeo Giuliano TZ which sold for $1.36M—the highest price ever achieved for a Giulia. The wonderfully presented Giulia TZ, featuring coachwork by Zagato, came to auction with a known competition history and impressive provenance.
Yet another highlight of the three-hour event was the sale of the genuine barn-find 1956 Porsche 550 Spyder, offered from over 40 years of single-family ownership. It sold well above estimate for an incredible $2.33M.
A 1965 Ferrari 275 GTS finished in Bianco over black also sold handsomely, achieving a final figure of $1.55M.
Gooding & Company had the honor of presenting exceptional Vintage Bentleys from The Timeless Collection, coming to auction from a highly-regarded European collector of prestigious and elegant classics. The top sale of the collection was a 1932 Bentley 8-Liter Sports Saloon which sold for $1.26M. Also sold was a historic supercar 1932 Bentley 8-Liter Sports Tourer configured for optimal performance with a short-wheelbase chassis and Le Mans-style tourer coachwork, which achieved just under $875K.
Additionally, in the realm of prewar classics, a 1932 Bugatti Type 55 Cabriolet—one of the finest examples of the highly sought-after Type 55 extant—yielded a final price of $3.37M.
The auction house was grateful to partner with Gregor Fisken, the owner of London-based Fiskens LTD, to present his family’s cherished 1987 Citroen 2CV6 Dolly as a charity lot, with the consignor’s sale proceeds set for donation to Voices of Children. The non-profit organization works to aid children and families affected by the trauma of the war in Ukraine. The Dolly sold for $38,860, and, during the auction, the consignor very generously pledged an additional donation of £40,000 ($46,056) to the charity, resulting in over £70,000 ($80,598) raised for the VoC charity.
As with any signature Gooding & Company auction, there were several instances of spirited bidding matches, no doubt due to the skillful command of auction maestro Charlie Ross. The celebrated auctioneer expertly conducted the volley of two bidders for a 1939 Jaguar SS100 3.5-Liter which sold considerably above pre-auction estimate for a final figure of $570,000.
“We are incredibly pleased with how our foothold in the UK has been steadily growing, especially with our partnership with the Concours of Elegance, and our second-ever live auction abroad was a great success,” said Gooding & Company President and Founder, David Gooding. “The UK team, led by Charlie Ross and Joe Twyman, did an incredible job, and we achieved quite a number of remarkable sales.
“We look forward to our return to the UK for our London Auction in 2023,” he added.
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