Gooding & Co Pebble Beach 2022 - High expectations, mixed reality
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Created on August 22, 2022
, Reading time 5min
Text:
Bruno von Rotz
Photos:
Brian Henniker - Courtesy Gooding & Co
102Mathieu Heurtault - Courtesy Gooding & Co
77Mike Maez - Courtesy Gooding & Co
52- Courtesy Gooding & Co
10Gooding & Co
5Erik Fuller - Courtesy Gooding & Co
5Peter Singhof - Courtesy Gooding & Co
4Motorsport Images - Courtesy Gooding & Co
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Summary
As part of Monterey Car Week in California, Gooding & Co. auctioned off a large number of valuable collector vehicles on August 19 and 20, 2022. The offer included 154 cars and two motorcycles with an estimated total value of around USD 163 million. 83 percent of the vehicles were sold for a total of around USD 106 million, the most expensive being a 1937 Bugatti Type 57SC Atalante for USD 10.35 million. Surprises included an MGA Twin-Cam and a Porsche 964 RSR 3.8, but some cars also sold for less than half their estimated value. This auction review analyzes the results and shows many of the cars in pictures.
This article contains the following chapters
- Modern cars performed better
- Bugatti most expensive
- Mercedes-Benz without a slip-up
- Surprisingly high prices for Mercedes, MG and younger Porsche
- Racing cars less in demand
- Still noticed
- And the super classics?
- High expectations
Estimated reading time: 5min
Preview (beginning of the article)
As part of Monterey Car Week in California, Gooding auctioned 154 cars and two motorcycles with a total value of around USD 163 million (according to estimates) on August 19 and 20, 2022. 35% of the vehicles were offered without a reserve price. The sales rate after the two auction days was ultimately just under 83%, with proceeds (including surcharge/commission) totaling USD 105,713,620. On average, 88% of the median estimate was bid at the very well-attended auction. The average age at the Gooding auction was almost 56 years, but pre-war cars were very well represented with 27 cars. They also made up some of the most valuable lots. The highest bids averaged 85.4% of the median estimate. Only 67% of the very old cars found a new owner.
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