Gooding & Co Scottsdale 2016 - Ferrari and Porsche below expectations
Summary
Gooding & Co offered 113 vehicles worth over USD 60 million in Scottsdale on January 29 and 30, 2016. 84% of the cars were sold for an average of 87% of the estimated prices, with many Ferrari sports cars and other super classics remaining on the market. Stagnation at a high level could be summarized. This auction report analyzes the results and shows some of the vehicles in the picture.
This article contains the following chapters
- Picky Ferrari buyers
 - Mixed E-Type result
 - Porsche 930 back down to earth?
 - No Corvette friends?
 - Winners and losers
 - Results of the auction
 
Estimated reading time: 6min
Preview (beginning of the article)
Gooding & Co was the last of the big three to gather bidders in Scottsdale on January 29 and 30, 2016. 113 vehicles worth over USD 60 million were offered. Half of the lots were offered without a reserve price. It didn't go completely to plan for the Gooding people, but with an 84% sell-through rate (95 cars were knocked down), the damage was limited. A total of USD 42 million (EUR 39 million, CHF 43 million) was realized, so on average a car cost USD 446,169 (EUR 410,475, CHF 455,092), which means that the sales prices (including commission/surcharge) settled at around 87% of the average estimated value.
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