Gooding & Co Scottsdale 2017 - solid results or too much of a gamble?

Gooding & Co Scottsdale 2017 - solid results or too much of a gamble?

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Created on January 23, 2017

Text:

Bruno von Rotz

Photos:

Brian Henniker - Courtesy Gooding & Co

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Mathieu Heurtault - Courtesy Gooding & Co

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Jensen Sutta - Courtesy Gooding & Co

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Mike Maez - Courtesy Gooding & Co

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Mathieuu Heurtault - Courtesy Gooding & Co

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John Colley Photography - Courtesy Gooding & Comapny

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Matt Howell - Courtesy Gooding & Co

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Mercedes-Benz 300 SL (1955) - knocked down for USD 1.325 million (before surcharge/commission) - Lot 018 - Gooding & Co Scottsdale Auction 2017

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Bugatti Type 35 Grand Prix (1925) - knocked down for USD 3 million - Lot 022 - Gooding & Co Scottsdale Auction 2017

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Bugatti Type 35 Grand Prix (1925) - offered as lot 022 at the Gooding & Co Scottsdale auction 2017

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Shelby 289 Cobra (1964) - offered as lot 014 at the Gooding & Co Scottsdale auction 2017

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Mercedes-Benz 300 SL Gullwing (1955) - offered as lot 018 at the Gooding & Co Scottsdale auction 2017

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Aston Martin DB5 (1964) - offered as lot 026 at the Gooding & Co Scottsdale auction 2017

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Packard Twin Six 906 Individual Custom Convertible Sedan (1932) - offered as Lot 038 at the Gooding & Co Scottsdale Auction 2017

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Ferrari 275 GTB Long Nose (1966) - offered as lot 146 at the Gooding & Co Scottsdale auction 2017

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Ferrari 275 GTB/4 (1967) - offered as lot 046 at the Gooding & Co Scottsdale auction 2017

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Lancia Stratos HF Stradale (1974) - offered as lot 055 at the Gooding & Co Scottsdale auction 2017

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Porsche 356 A Super Speedster (1958) - offered as lot 062 at the Gooding & Co Scottsdale auction 2017

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Bentley 4 1/2 Litre Open Sports Tourer (1928) - offered as Lot 121 at the Gooding & Co Scottsdale Auction 2017

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Ferrari 500 Superfast (1965) - knocked down for USD 2.65 million (before surcharge/commission) - Lot 126 - Gooding & Co Scottsdale Auction 2017

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Ferrari 500 Suprfast (1965) - offered as lot 126 at the Gooding & Co Scottsdale auction 2017

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American Motors AMX/3 (1969) - offered as lot 132 at the Gooding & Co Scottsdale auction 2017

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AMC AMX/3 (1969) - also attractive in terms of supervision

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Squire 1 1/2 Litre Ranalah Tourer (1936) - long wheelbase model, built as a four-seater

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Alfa Romeo 6C 1750 Series V Grand Sport Roadster (1932) - offered as Lot 136 at the Gooding & Co Scottsdale Auction 2017

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Jaguar SS 100 3 1/2 Litre (1938) - offered as lot 144 at the Gooding & Co Scottsdale auction 2017

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Ferrari 599 SA Aperta (2011) - newer cars also fetched high prices - Lot 051 - Gooding & Co Scottsdale Auction 2017

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Summary

On January 20 and 21, 2017, Gooding & Co auctioned 126 vehicles worth well over USD 50 million, including 24 Ferraris and 23 Porsches, as well as exotic cars such as the AMX/3 and one of the Squire, of which only a handful were built. With a sales rate of 84%, Gooding can actually be satisfied, but the hammer prices were well below expectations across the board and a number of "blue chip" classics did not find a new owner. On the other hand, there were new records for Ferrari, Bugatti, Porsche and AMC. This auction report analyzes the results and shows many of the auctioned vehicles in pictures.

This article contains the following chapters

Varying performance of the different eras
Ferrari, Porsche and others
The overachievers
Favorable opportunities?
AMX/3 sold
Many "blue chip" classics without new owners
Vehicles offered/sold

Estimated reading time: 7min

Preview (beginning of the article)

The Scottsdale/Arizona auctions always herald the start of the international auction year, as was the case in 2017, where Gooding was traditionally the last major organizer after Bonhams and RM/Sotheby's to bring 126 vehicles, including a few motorcycles, worth over USD 55 million under the hammer on Friday and Saturday evenings. Expectations were high, with a lot expected to fetch around USD 440,000 on average, but the reality was somewhat rougher, as at the end of the two well-attended auction sessions, USD 315,327 had been paid per vehicle. The sales rate was 84.1%, and the total proceeds of around USD 33.4 million (EUR 31 million, CHF 33.4 million) were almost 40% below expectations, as some valuable cars in particular were left behind.

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