Gooding’s top Pebble Beach 2016 classic car auction results were four cars sold over $10 million including the most-expensive Bugatti ever. The top results were $18,150 for a 1959 Ferrari 250 GT LWB California Spider Competizione followed by $13,500,000 for a 1960 Ferrari 250 GT SWB Berlinetta Competizione. A 1933 Alfa Romero 8C 2300 Monza sold for $11,990,000 while $10,400,000 for a 1932 Bugatti Type 55 set a new marque record and is also the most-expensive French car ever. Gooding achieved million dollar plus results for 26 cars at Pebble Beach 2016.
Gooding & Company Pebble Beach 2016
Gooding & Company held its annual Pebble Beach classic car auction on August 20 and 21, 2016, on the Monterey Peninsula in California, USA.
Gooding set a new company record earning $129,8 million in sales during the two day event. The 115 of the 138 lots offered sold for a sell-through rate of 83% and an average of $1,128,606 per car. Gooding sold 26 cars for more than a million dollars with four selling for more than $10 million.
Million-Dollar Cars at Gooding Pebble Beach 2016
The following 26 cars sold for more than $1 million at the Gooding & Co Pebble Beach 2016 classic car sale:
|1||1959||Ferrari 250 GT LWB California Spider Competizione||18,150,000|
|2||1960||Ferrari 250 GT SWB Berlinetta Competizione||13,500,000|
|3||1933||Alfa Romeo 8C 2300 Monza||11,990,000|
|4||1932||Bugatti Type 55 Roadster||10,400,000|
|5||1950||Ferrari 166 MM Berlinetta||5,445,000|
|7||1957||Maserati A6G/54 Spider||3,300,000|
|8||1967||Ferrari 275 GTB/4||3,245,000|
|9||1954||Aston Martin DB2/4 Spider||3,080,000|
|10||1968||Ferrari 330 GTS||2,502,500|
|11||1985||Ferrari 288 GTO||2,420,000|
|12||1971||Lamborghini Miura P400 SV||2,255,000|
|13||1930||Packard 734 Speedster Runabout||2,090,000|
|14||1955||Lancia Aurelia B24S Spider America||2,007,500|
|15||1932||Rolls Royce Phantom II Continental Berline||1,760,000|
|16||1961||Maserati 5000 GT Coupe Indianapolis||1,677,500|
|17||1960||Ferrari 250 GT Series II Cabriolet||1,500,000|
|18||1971||Maserati Ghibli 4.9 SS Spider||1,500,000|
|19||1956||Ferrari 250 GT Alloy Coupe||1,485,000|
|20||1955||Mercedes Benz 300 SL Gullwing||1,430,000|
|21||1988||Porsche 959 Komfort||1,320,000|
|22||1960||Mercedes Benz 300 SL Roadster||1,237,500|
|23||1931||Marmon Sixteen Convertible Coupe||1,210,000|
|24||1994||Porsche 964 Turbo 3.6 S Flachbau||1,100,000|
|25||1937||Mercedes Benz 540 K Cabriolet C||1,072,500|
|26||1914||Marmon 41 Speedster||1,017,500|
Results include premium
$10 Million Plus Results at Gooding Pebble Beach 2016
Gooding sold four cars for over $10 million dollars at Pebble Beach 2016 – more than all the other auctioneers at the 2016 Monterey week combined:
1959 Ferrari 250 GT LWB California Spider Competizione
A 1959 Ferrari 250 GT LWB California Spider Competizione sold for $18,150,000 at the 2016 Pebble Beach auction – the highest result ever achieved by Gooding & Company. This is also the highest price ever paid for a long wheelbase California Spider but the record for a short wheelbase model remains $18,650,000 paid for the barn-find Baillon 1961 Ferrari 250 GT SWB California Spider at Artcurial’s Paris 2015 sale.
The 1959 Ferrari 250 GT LWB California Spider Competizione is one of only nine alloy-bodied LWB California Spiders. It was raced in period with its most noteworthy result 5th overall at the 1960 12-Hours of Sebring race.
1960 Ferrari 250 GT SWB Berlinetta Competizione
Gooding’s second highest result at Pebble Beach 2016 was for another competition specification Ferrari. A 1960 Ferrari 250 GT SWB Berlinetta Competizione sold for $13,500,000. This Ferrari was raced by NART at the 1060 Le Mans 24 Hours and finished 7th overall driven by Ed Hugus and Augie Pabst. The car retained its original Scaglietti coachwork and engine.
1933 Alfa Romeo 8C 2300 Monza
Gooding sold a 1933 Alfa Romeo 8C 2300 Monza for $11,990,000 – the second most-expensive Alfa Romeo and the second most-expensive pre-Second World War car ever. (The record for both was set just a day before at RM Sotheby’s when a 1939 Alfar Romero 8C 2900B Lungo Spider sold for $19.8 million.) The Alfa Romero retained its original Brianza body despite being raced extensively during the 1930s and 1940s including to victory in the 1947 Italian Sports Car Championship when raced by the Scuderia Balestrero.
1932 Bugatti Type 55 Roadster
A new marque record was set at Gooding Pebble Beach 2016 when a 1932 Bugatti Type 55 Roadster sold for $10,400,000 – the highest price ever paid for a French car at public auction. This was the first time ever that more than $10 million was paid for a Bugatti or a French car at auction. (In 1987, $9.8 million was paid for the 1931 Bugatti Royale Kellner Coupe – more than $20 million in current money. Bonhams sold a 1937 Bugatti Type 57 SC Sports Tourer for $9,735,000 at Amelia Island 2016.)
The 1932 Bugatti Type 55 Roadster competed in the 1932 Mille Miglia race, driven by Achille Varzi, although a punctured fuel tank ended its race early. It may have been the company car of Jean Bugatti but parts of its early history are uncertain.
Bugatti produced 38 Type 55 cars of which only 14 wore roadster coachwork.
Other Noteworthy Million-Dollar Cars at Pebble Beach 2016
A few further interesting cars that achieved over a million dollar at Gooding Pebble Beach 2016 include:
- 1950 Ferrari 166 MM Berlinetta – sold for $5,445,000.
- 1979 Porsche 935 – Paul Newman’s Le Mans car sold for $4,840,000.
- 1955 Lancia Aurelia B24S Spider America sold for a model record $2,007,5000.
- 1955 Mercedes Benz 300 SL Gullwing for $1,430,000 and a 1960 Mercedes Benz 300 SL Roadster for $ 1,237,500 – prices seem lower than a few years ago and only four of the six offered during the week in Monterey sold.
- 1914 Marmon 41 Speedster sold for $1,017,500. RM Sotheby’s and Bonhams also had strong results with pre-First World War cars at Monterey 2016.
The most-expensive two cars not sold at the Gooding Pebble Beach 2016 auctions were a 1962 Ferrari 250 GT SWB Berlinetta (est. $10 – 12 million) and a 1958 Porsche 550A Spyder that had a highest bid of $4.2 million rejected.