Gooding & Co. reflects on a $212M total-auction-sales year

Gooding & Company

Gooding & Co. reflects on a $212M total-auction-sales year

Auctions

Gooding & Co. reflects on a $212M total-auction-sales year

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The final numbers are in and renowned auction house Gooding & Company has announced that 2022 was its second most successful business year since its founding in 2003 with overall sales surpassing $212 million.

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 percent sell-through rate for all vehicles auctioned, and an 89 percent sales rate for automobilia.

The firm sold 55 cars valued over $1 million—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.

Gooding & Company sold three of 2022’s top automotive lots, led by a 1937 Talbot-Lago T150-C-SS Teardrop Coupe which achieved $13,425,000 at the firm’s 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

The firm’s second top lot of the year was a 1937 Bugatti 57SC Atalante which sold for $10,345,000 as the star of the Pebble Beach Auction 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 & Co. sold its third top lot of the year—a 1960 Ferrari 250 GT SWB Berlinetta Competizione, for £7,762,500 (approx. $9.3M) 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 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,” Gooding continued, “and the prized collector vehicles featured on [our] auction stage truly speak for themselves as they set records and reach new benchmarks with each passing year.”

Looking Ahead to 2023

From February 1-5, the California-based auction house will proudly host a display at Rétromobile in Paris, where several star cars from upcoming auctions and private treaty sales will be featured on the Gooding & Company stand.

In March, the auction house will, for the first time ever, hold a two-day sale at its Amelia Island venue—Thursday and Friday, March 2-3. 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.

The Amelia Island Auctions will also present a 1964 Ferrari 500 Superfast, one of only 28 produced in left-hand drive and the sole example produced in Verdu Scuro, a very dark non-metallic green. This well-documented and exhibited Ferrari, chassis 6043 SF, is among the first with the desirable five-speed gearbox, and comes to auction with remarkably low mileage.

Additional early consignments to the Amelia Island Auctions include both a 1958 BMW 507 Series II and a 1955 Mercedes-Benz 300 SL Gullwing.

Later in 2023, Gooding & Company will host its 19th annual Pebble Beach Auctions on Friday and Saturday, August 18-19, and will return to the Concours d’Elegance at Hampton Court Palace for its London Auction on Saturday, September 2.

For more information, click HERE.

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