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Loewy’s Custom Lincoln Breaks Auction Records

GOODING & COMPANY ENJOYS OUTSTANDING RESULTS FROM SCOTTSDALE AUCTION

Award-Winning 1959 Ferrari 250 GT California Spider Sells for More Than $3 Million
Stacey Zipfel-Flannery, Thursday, January 31 2008

The inaugural Gooding & Company Scottsdale Auction was a stunning success, with a grand total of more than $21 million for 64 cars sold, of which 7 cars sold for more than $1 million individually. World-record sales were set for the Alfa Romeo 6C 1750 ($1.54 million) and the Rolls-Royce Phantom II Streamline Saloon ($852,500).

Additional highlights from the auction included the 1963 Ferrari 400 Superamerica and the Packard Individual Custom Eight Convertible, which each sold for more than $1 million. The Model J Duesenberg “Clear-Vision” Sedan also broke the million dollar mark, due in part to its refined sedan body and its remarkable history.

Gooding & Company’s star car, the 1959 Ferrari 250 GT LWB California Spider, sold for $3.3 million, the highest price paid during the week-long Scottsdale auctions. This vehicle was one of only fifty long-wheelbase California Spiders ever produced.

“We were thrilled with our $21+ million sales results from our first Scottsdale auction. We sold 90% of our cars with the average price per sale exceeding $300,000,” said President and Founder David Gooding. “We had an exceptional turnout of both established buyers as well as newcomers. Our auction allowed us to develop a great relationship with the City of Scottsdale and we look forward to being a part of the city’s renowned classic car week in 2009.”

Additional note-worthy sales of the Gooding & Company Scottsdale Auction include the Ferrari 330 GTC Speciale by Pininfarina, which sold for $550,000 and the one-of-a-kind 1941 Lincoln Continental Coupe designed by Raymond Loewy, which caught the attention of numerous auto aficionados and was purchased for $451,000. Boasting an elaborate provenance, the Eisenhower/Nimitz 1934 Packard Super 8 1104 Touring dropped the gavel at an impressive $231,000.

The day began with a champagne breakfast where bidders and consigners feasted on everything from Rolls-Royces to Lamborghinis. The energy and excitement in the tent during the auction was contagious, as attendees from around the world anticipated their moment to bid in a standing-room only crowd.

The impressive results of the auction initiated and insured Gooding & Company’s continued presence at the 2009 Scottsdale Auction Week.

Gooding & Company hosted preview days open to the general public leading up to the auction held at Scottsdale Fashion Square. For full results, visit the Gooding web site at www.goodingco.com.

Catalogs from this year’s auction are available for $75.

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