Gooding & Co Amelia Island 2020 - considerable demand for young cars

Name: Porsche 934 1976
Brand: Porsche

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Created on March 9, 2020

Text:

Bruno von Rotz

Photos:

Brian Henniker - Courtesy Gooding & Co

Josh Hway - Courtesy Gooding & Co

Mike Maez - Courtesy Gooding & Co

Ben Bertucci - Courtesy Gooding & Co

Juan Martinez - Courtesy Gooding & Co

Chip Riegel - Courtesy Gooding & Co

Gooding & Co

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Brian Henniker - Courtesy Gooding & Co

Josh Hway - Courtesy Gooding & Co

Mike Maez - Courtesy Gooding & Co

Ben Bertucci - Courtesy Gooding & Co

Juan Martinez - Courtesy Gooding & Co

Chip Riegel - Courtesy Gooding & Co

Gooding & Co

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Lamborghini Miura P400 S (1969) - as lot 034 at the Gooding & Co Amelia Island auction on March 6, 2020

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BMW 535i (1988) - as lot 006 at the Gooding & Co Amelia Island auction on March 6, 2020

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Ferrari Testarossa (1990) - as lot 007 at the Gooding & Co Amelia Island auction on March 6, 2020

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AC Aceca (1960) - as lot 012 at the Gooding & Co Amelia Island auction on March 6, 2020

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Dino 246 GT (1973) - as lot 021 at the Gooding & Co Amelia Island auction on March 6, 2020

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Bentley 3 1/2 Litre Drophead Coupe (1935) - as lot 027 at the Gooding & Co Amelia Island auction on March 6, 2020

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De Tomaso Pantera 90 Si (1991) - as lot 032 at the Gooding & Co Amelia Island auction on March 6, 2020

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Maserati Quattroporte Series II (1966) - as lot 037 at the Gooding & Co Amelia Island auction on March 6, 2020

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Audi Sport Quattro (1986) - as lot 040 at the Gooding & Co Amelia Island auction on March 6, 2020

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Ferrari 250 GT LWB California Spider (1958) - as lot 043 at the Gooding & Co Amelia Island auction on March 6, 2020

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Maserati Ghibli 4.9 SS Spider (1972) - as lot 049 at the Gooding & Co Amelia Island auction on March 6, 2020

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Porsche 914/6 (1970) - as lot 051 at the Gooding & Co Amelia Island auction on March 6, 2020

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Porsche 356 Beutler (1960) - more space in the interior - Geneva Motor Show 1960

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Porsche 356 B Super Coupe Beutler (1961) - as lot 056 at the Gooding & Co Amelia Island auction on March 6, 2020

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Rolls-Royce 40/50 HP Silver Ghost Torpédo Phaeton (1914) - sold as lot 063 at the Gooding & Co Amelia Island auction on March 6, 2020

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BMW 2002 Turbo (1974) - as lot 068 at the Gooding & Co Amelia Island auction on March 6, 2020

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BMW M3 (1988) - as lot 071 at the Gooding & Co Amelia Island auction on March 6, 2020

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BMW M3 Lightweight (1995) - as lot 075 at the Gooding & Co Amelia Island auction on March 6, 2020

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Volkswagen Beetle (1957) - as lot 084 at the Gooding & Co Amelia Island auction on March 6, 2020

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BMW 1M (2011) - as lot 086 at the Gooding & Co Amelia Island auction on March 6, 2020

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Volkswagen Super Beetle Convertible (1979) - as lot 089 at the Gooding & Co Amelia Island auction on March 6, 2020

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BMW Bavaria (1971) - as lot 091 at the Gooding & Co Amelia Island auction on March 6, 2020

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Summary

It was a rather unusual selection of vehicles that Gooding & Co put under the hammer in Amelia Island on March 6, 2020. 60 percent of the cars on offer were from Audi, BMW, Mercedes-Benz, Porsche and Volkswagen. And the average age of the vehicles on offer was just 36 years. In this way, Gooding set a counterpoint to the competition, which brought significantly higher pre-war shares to Amelia Island. However, the recipe did not work out badly for Gooding (and the consignors), as 93 percent of the cars on offer were sold, including a Lamborghini Miura P400S, a Porsche 934 and a Rolls-Royce Silver Ghost, notably one of the three pre-war vehicles, all of which went to new owners for over a million USD. However, the Ferrari 250 GT LWB California Spider from 1958 was left standing, despite a bid of USD 8 million. This auction report lists all the results in detail and analyzes the outcome of the event.

This article contains the following chapters

Strong focus on German brands
Only very few old cars
The original Lamborghini Miura P400 S
No new owner for the Ferrari 250 GT LWB California Spider
The Porsche with Swiss bodywork
Large BMW selection
Classic Mercedes portfolio
Volkswagen in the five-digit range
Mixed results for the super classics
Some bargains

Estimated reading time: 7min

Preview (beginning of the article)

Normally, many older cars are auctioned off at Amelia Island, as the typical concours visitor is naturally also interested in the pre-war generation. However, Gooding & Co took a different approach on March 6, 2020 and offered a surprisingly young selection of classics. In fact, the average age was only around 36 years. Nevertheless, the total value of the 87 cars on offer (plus a motorcycle and a 1:2 scale vehicle) amounted to an impressive USD 38.2 million. Around 70 percent of the lots were offered without a reserve price. For Europeans, the auction was interesting not only because of the dominance of German brands, but also because the US dollar had recently fallen by around four percent against the euro and Swiss franc, which automatically made the vehicles cheaper for local buyers by the corresponding percentage. However, this change in purchasing power is unlikely to have had a significant impact on the result.

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