2019 Gooding Pebble Beach Sale (Auction Results)

A 1958 Ferrari 250 GT LWB California Spider sold for $9,905,000 as the top result at the Gooding Pebble Beach 2019 classic car auction.

The top four results at the Gooding Pebble Beach 2019 sale during Monterey week were all for Ferraris: a 1958 Ferrari 250 GT LWB California Spider sold for $9,905,000; a 1958 Ferrari 250 GT Series I Cabriolet sold for $6,800,000; Niki Lauda’s championship winning 1975 Ferrari 312T Formula 1 racing car sold for $6,000,000; while a 1958 Ferrari 250 GT Tour de France Berlinetta achieved $5,100,000. Gooding sold 17 cars for more than a million dollar each at Pebble Beach 2019.

Gooding Pebble Beach Classic Car Auction 2019

Gooding and Company scheduled its 16th annual Pebble Beach classic car auction for 16 & 17 August 2019 at the Pebble Beach Equestrian Center on the Monterey Peninsula in California, USA.

In 2019, Gooding earned $76,824,740 with a sell-through rate of 77% – 108 of 140 lots offered were sold. The average price was $711,340 per car with 17 cars sold for over a million dollar each.

The 1935 Duesenberg SSJ, chassis J-563 sold for $22,000,000 as the most-expensive American car ever sold at public auction, the most-expensive pre-war car, the most-expensive Duesenberg and the most-expensive car ever sold by Gooding & Company. © Gooding

In 2018, Gooding earned $116.5 million with an 84% sell-through rate with 123 of the 147 lots sold. The average price per car was $947,174 with 25 cars selling for above a million dollar and 23 world auction records set for models, including a new Duesenberg marque record.

In 2017, Gooding earned $91.5 million with sell-through rate of 81% – 110 of the 135 lots on offer sold. 22 cars achieved a million dollar with two of these over $10 million. A new marque record of $14,080,000 was set by a 1970 Porsche 917K that was used in the filming of Steve McQueen’s Le Mans.

In 2016, Gooding set a company record when $129.8 million was earned by selling 115 of 138 lots (83%). 26 cars achieved over a million dollar with four selling for over $10 million.

Million-Dollar-Plus Cars at Gooding Pebble Beach 2019

The following 17 cars sold for more than a million dollar at the Gooding Pebble Beach 2019 classic car auction during Monterey Week:

	Year	Car	Price ($)	Estimate
1	1958	Ferrari 250 GT LWB California Spider	9,905,000	11,000,000 – 13,000,000
2	1958	Ferrari 250 GT Series I Cabriolet	6,800,000	7,000,000 – 8,000,000
3	1975	Ferrari 312T	6,000,000	6,000,000 – 7,000,000
4	1958	Ferrari 250 GT Tour de France Berlinetta	5,100,000	5,500,000 – 6,000,000
5	1961	Aston Martin DB4 GT	3,600,000	4,000,000 – 4,500,000
6	1939	Alfa Romeo Tipo 256 Coupe	2,755,000	2,750,000 – 3,500,000
7	1913	Isotta Fraschi Tipo IM	2,645,000	3,000,000 – 4,000,000
8	1930	Duesenberg Model J Sport Berline	2,040,000	2,000,000 – 2,500,000
9	1967	Ferrari 330 GTS	1,765,000	2,000,000 – 2,400,000
10	1993	Porsche 964 Carrera RS 3.8	1,710,000	1,600,000 – 2,000,000
11	1952	Ferrari 212 Inter Coupe	1,600,000	1,700,000 – 2,000,000
12	1965	Ferrari 275 GTB	1,572,500	1,500,000 – 1,800,000
13	1955	Mercedes Benz 300 SL Gullwing	1,435,000	1,300,000 – 1,600,000
14	1936	Bugatti Type 57 Atalante	1,325,000	1,750,000 – 2,250,000
15	1941	Mercedes Benz 540 K Cabriolet A	1,297,500	1,500,000 – 2,200,000
16	1977	Porsche 934/S	1,187,500	1,200,000 – 1,500,000
17	1931	Studebaker Special Indy Car	1,105,000	500,000 – 750,000

Top Results at Gooding Pebble Beach Sale 2019

1958 Ferrari 250 GT LWB California Spider (Estimate: $11,000,000 – $13,000,000), chassis 1055 GT — 1958 Ferrari 250 GT LWB California Spider © Gooding

The top two results at the Gooding Pebble Beach 2019 classic car auction were as expected for two very special open-roof Ferraris:

The highest price paid for a car at the Gooding Pebble Beach 2019 sale was $9,905,000 for a 1958 Ferrari 250 GT LWB California Spider. The car just missed the $10 million mark and although selling for well below estimate, was still the second highest result achieved at all the Monterey 2019 collector car auctions. The car was only the 11th of 50 first series California Spiders LWB built. It was lightly raced in the early 1960s in SCCA events to class victories.

1958 Ferrari 250 GT Series I Cabriolet (Estimate: $7,000,000 – $8,000,000), chassis 0789 GT — 1958 Ferrari 250 GT Series I Cabriolet © Gooding

Although more expensive originally than the presently more lauded California Spiders, the 1958 Ferrari 250 GT Series I Cabriolet sold for a more affordable $6,800,000. Only 40 were ever produced with Pinin Farina bodywork. This one was the 13th built and one of only five with factory fitted side vents. The car is currently finished in black lacquer over olive green and was offered for sale for the first time in two decades.

Niki Lauda's 1975 Ferrari 312T — © Mike Maez / Courtesy of Gooding

The third highest result at the Gooding Pebble Beach 2019 sale was for a 1975 Ferrari 312T Formula 1 Single-Seat racing car that achieved $6,000,000. Niki Lauda drove this car in five Grand Prix races en route to his first driver’s world championship in 1975. He places the car on pole in all five races and drove it to victory in the French Grand Prix and to podium finishes in the Dutch and German races.

This was the first time ever that a 312T was sold at public auction with the result between the modern F1 auction record $7.5 million paid for Michael Schumacher’s Grand Prix-winning 2001 Ferrari F2001 at Sotheby’s Contemporary Art Auction in New York in 2017 and the $5 million paid at the Bonhams Monaco 2018 sale for the 1993 McLaren MP4 that Ayrton Senna drove to his record sixth Monaco Formula 1 Grand Prix victory. (A further Schumacher championship-winning Ferrari – an F2002 – is on offer at the RM Sotheby’s Abu Dhabi 2019 sale.)

Gooding’s fourth best result was also for a car from Maranello, a 1958 Ferrari 250 GT Tour de France Berlinetta that sold for $5,100,000. It is one of 78 examples produced but the fourth of only 36 single-louver versions. The car originally belonged to Swedish racing drivers.

The top result at the Gooding Pebble Beach 2019 sale also included to noteable marque world records for early Indy 500 participants:

Red 1913 Isotta Fraschini Tipo IM — © Gooding

A 1913 Isotta Frachi Tipo IM sold for $2,645,000. This Tipo IM, one of only two in existence, was part of a team of racing cars that participated in the Indianapolis 500 in 1913 and 1914.

The 1931 Studebaker Special Indy Car – a three-time Indy 500 entrant and winner of the 1931 Pikes Peak Hill Climb – sold for $1,105,000. This result was more than double lower presale estimate.

Top Cars Not Sold at Gooding Pebble Beach 2019

Despite the highest sell-through rate of any auctioneer during the Monterey 2019 classic car auction series, Gooding also failed to sell several high end cars. Gooding brought 40 cars to the auction with pre-sale upper estimates of a million dollar. The following failed to sell during the auction with highest bids as reported by Hagerty:

Year	Car	Highest Bid ($)	Estimate
1953	Alfa Romeo 6C 3000 CM Superflow IV	HB 4,300,000	6,000,000 – 8,000,000
1965	Ferrari 275 GTB Long Nose Alloy	HB 2,500,000	3,500,000 – 4,000,000
2014	Ferrari LaFerrari	HB 2,500,000	2,800,000 – 3,200,000
1997	Ferrari F50	HB 2,400,000	2,800,000 – 3,200,000
1962	Ferrari 400 Superamerica Series I Coupe Aerodinamico	HB 2,300,000	2,800,000 – 3,400,000
2014	Ferrari Sergio	HB 1,900,000	2,500,000 – 3,000,000
1988	Porsche 959 Sport	HB 1,700,000	2,000,000 – 2,400,000
2015	Aston Martin Vulcan	HB 1,600,000	2,000,000 – 2,500,000
1955	Mercedes Benz 300 SL Gullwing	HB 1,300,000	1,500,000 – 1,800,000
1990	Ferrari F40	HB 1,100,000	1,200,000 – 1,400,000
2019	McLaren Senna	HB 1,100,000	1,400,000 – 1,600,000
1989	Jaguar XJR-10	HB 950,000	1,500,000 – 2,000,000
1925	Renault 40 CV Torpedo Skiff	HB 830,000	900,000 – 1,200,000
1955	Alfa Romeo 1900C SS Coupe	HB 820,000	1,000,000 – 1,300,000
1958	Mercedes Benz 300 SL Roadster	HB 800,000	1,000,000 – 1,250,000
1928	Bentley 4 1/2 Litre Sports Tourer	HB 800,000	1,000,000 – 1,300,000
1939	Lagonda V-12 Rapide Drophead Coupe	HB 700,000	900,000 – 1,200,000
1959	Lister-Jaguar Sports Racer	HB 680,000	1,000,000 – 1,400,000
1936	Mercedes Benz 500 K Cabriolet C	HB 620,000	800,000 – 1,000,000

1953 Alfa Romeo 6C 3000 CM Superflow IV (Estimate: $6,000,000 – $8,000,000), chassis 00128 — © Gooding

The spread between the reported highest bids and presale lower estimates were in most cases fairly vast showing a marked difference between buyers and sellers expectations – the opportunities for deals were limited with very few cars listed as still available after the auction seeming to find buyers post-hammer.

Modern supercars, such as the F40, F50 and LaFerrari, which were often the money makers at recent auctions failed to sell both at Gooding and many other Monterey 2019 auctions. The failure of the 2019 McLaren Senna to be flipped for a quick profit both at Gooding and RM Sotheby’s is particularly heartening.

Although Gooding achieved the highest 1955 Mercedes Benz 300 SL Gullwing result of the three that sold during the week, the better Gullwing on offer failed to sell. Also no 300 SL Roadster sold for more than a million during Monterey 2019 – a year or two ago the easier-to-enjoy Roadsters usually achieved higher results than the more iconic Gullwings.

Monterey Week 2019 Car Auctions News

Auction Results

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