Gooding Geared Online Scottsdale Edition 2021 - surprising high-flyers
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Summary
Instead of a conventional on-site auction in Scottsdale, Gooding & Co organized an online auction from 18 to 22 January 2021 with 34 vehicles ultimately valued at USD 12 million. 24 cars were sold for an average of USD 292,000. The surprises were not the usual super classics, but rather a Meyers Manx Buggy, a Bugatti Type 37, a Mercedes-Benz 560 SL and a fast Citroën SM team. This auction article analyzes the results and shows pictures of all the vehicles.
This article contains the following chapters
- Buggy as a high-flyer
- Long nose at the top
- Bugatti more expensive than expected
- Special Aston Martin with new owner
- Special Citroën team
- Surprises and disappointments
Estimated reading time: 4min
Preview (beginning of the article)
Twelve months ago, Gooding offered 137 cars over two days in Scottsdale in January 2020 . They were mainly sold to local bidders who had been waiting impatiently for a real hammer to fall. A year later, everything was different, with the pandemic demanding adjustments. Gooding used the already well-established "Geared Online" approach and offered significantly fewer classics - 34 of them - online over a five-day period. This had no effect on sales prices, at least statistically, as the average sales price of USD 291,729 was exactly 123 American dollars higher than in the previous year. In 2021, the vehicles were slightly older (51 instead of 48 years old) and the proportion of cars offered without a minimum bid fell from 68 to 21 percent. On average, the highest bids were even closer to the median estimate than a year earlier (84% instead of 80%). Obviously, Gooding customers also like to buy online and without any fuss.
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