Gooding & Co Geared Online Auction October 2020 - striking upward and downward swings
Summary
From 26 October to 30 October 2020, Gooding & Co organized a purely online auction for the second time in the Corona year 2020. In addition to 17 automobile lots, 49 cars went under the virtual hammer. The total value of the cars was estimated at over USD 13.5 million, almost USD 9 million was realized and two thirds of the cars were sold. On average, 78% of the median estimate was bid, although the spread was very wide, ranging from 35% to 188%. Accordingly, there were also some real bargains, including a surprisingly cheap Dino 246 GT. This auction report analyzes the results and shows many of the vehicles in pictures.
This article contains the following chapters
- Two thirds sold
- 20 brands
- The first Maserati A6G/54-Frua Spider
- Two special Mercedes-Benz cars with new owners
- Two of three 914s with Fortüne
- An inexpensive Dino
- Early Countach without success
- Super classics in particular ...
- ... and two restoration objects
- ... and a Beetle
Estimated reading time: 6min
Preview (beginning of the article)
From 26 October to 30 October 2020, Gooding & Co organized a purely online auction for the second time in the Corona year 2020. In addition to 17 automotive lots, 49 cars also went under the virtual hammer over the five days. The total value of the cars was estimated at over USD 13.5 million. Nine cars (18 percent) were offered without a reserve price. 32 of the 49 cars were successfully sold, total sales amounted to USD 8.916 million, which was almost exactly 2/3 of the expected sales. The average bid per car was USD 223,000, which was around 81% of the average expectation. The individual bids amounted to between 35 and 188 percent of the average estimate.
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