Gooding & Co Scottsdale 2019 results - the young did better than the old
Summary
As usual, Gooding & Co concluded the series of auctions as part of Scottsdale Week. 124 vehicles, including two motorcycles, valued at USD 70.3 million were lined up in Scottsdale Fashion Square on January 18 and 19, 2019. Eighty-five percent of the vehicles offered were sold, with an average bid of 76 percent of the median estimate, but the swings were wide, ranging from 38 to 200 percent. The most expensive six cars were all from Maranello, with a 1963 Ferrari 250 GT SWB selling for around USD 7.6 million. This auction report analyzes the results and shows many of the cars in pictures.
This article contains the following chapters
- Just over 50 years old on average
- Ferrari with highs and lows
- Cheap Dino - bargain or expensive investment?
- Porsche with a good sales quota
- Two out of three Shelby Cobras sold
- Two of three 300 SLs with new owners
- Exotics below expectations
- Cheap was hardly possible
Estimated reading time: 5min
Preview (beginning of the article)
As usual, Gooding & Co concluded the series of auctions as part of Scottsdale Week. 124 vehicles, including two motorcycles, valued at USD 70.3 million were lined up in Scottsdale Fashion Square on January 18 and 19, 2019. 85 percent of the vehicles on offer were sold, ultimately raising USD 48.2 million (EUR 42.5 million). The average age of the vehicles on offer was just over 50 years. The oldest car was a Benz Patent-Motorwagen Replica from 1886, while the newest car was a Ferrari GTC4 Lusso from 2018. In general, the old cars fared the worst. On average, only 65 percent of the median estimate was bid for the pre-1945 cars. The Benz Patent Motor Car from 1886 as a replica, for example, fetched just USD 52,640 (EUR 46,323), compared to an estimate of USD 70,000 to 90,000.
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