Gooding & Co Amelia Island 2018 - expensive barn finds and lots of Porsches
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Summary
On March 9, 2018, Gooding & Co auctioned 86 cars and an engine-transmission unit at the Omni Amelia Island Plantation. Rare Porsches and Ferraris dominated the bidding, which had been estimated at over USD 50 million. Despite a high sales rate, however, in the end it was "only" around USD 36 million that could be listed, which was due to the fact that many lots were sold without a reserve price and the most expensive two cars did not find a buyer. This auction report analyzes and lists all the results and shows some of the more interesting cars in the picture.
This article contains the following chapters
- More youngtimers than pre-war vehicles
- 26 car manufacturers represented
- The Nash as a high-flyer
- The Ferrari 275 GTB from the "barn"
- And a Shelby Cobra 427 to boot
- An early Berlinette
- Porsche supremacy
- The last Ford GT40
- Rare Ferrari sports cars from the early days
- Vehicles offered and sold
Estimated reading time: 8min
Preview (beginning of the article)
On March 9, 2018, Gooding & Co auctioned 86 cars and an engine-transmission unit at the Omni Amelia Island Plantation. A total of over USD 50 million in bids was expected, an average of more than USD 616,000 per vehicle. It didn't turn out to be that much, although 94 percent of the lots were sold. On average, however, interested parties bid "only" USD 499,580 and an average of USD 435,210 (EUR 352,520, CHF 413,450) was actually paid for the 82 lots sold. On average, 82 percent of the estimated value was bid, but there were large outliers at the top and bottom. Gooding was able to offer just two cars, a Bugatti and a Peugeot, from the years before the Second World War, but 21 youngtimers and neoclassics built after 1989. No wonder the average age was around 46 years.
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