Pebble Beach Car Auction Realises More Than $106 Million

By Paul Joseph

Gooding & Company, the auction house acclaimed for its world-class automotive auctions, realised more than $106 million at its Pebble Beach Auctions in California last weekend.

During the two-day sale, the official auction house of the Pebble Beach Concours d'Elegance saw an impressive 30 cars sold for over $1 million.

Auction records were broken throughout the weekend festivities, as new benchmarks were set for 16 cars including a 1961 Ferrari 250 GT California Spider, a 1955 Aston Martin DB3S and a 1956 Maserati 250F, among others.

David Gooding, President of Gooding & Company, saidL: "In addition to the many record setting prices, our auctions have become renowned as a destination. The tent was packed with enthusiasts buying and selling the best examples while luminaries including Jay Leno and Sir Stirling Moss added to the excitement."

The top lot of the weekend overall was the 1961 Ferrari 250 GT SWB California Spider, a highly sought-after covered-headlight example and is one of a limited number of SWB California Spiders factory equipped with an optional hardtop.

Offered for sale for the first time in over 14 years, the car sparked a round of feverous bidding that resulted in a final sale of $15.1 million, a world record for a Ferrari 250 GT SWB California Spider.

Other notable sales included a 1958 BMW 507 Series II (sold for $1.9m), a 1963 Porsche 356 Carrera 2 ($517,000), a 1967 Toyota 2000 GT ($1.1m) and a 1967 Mazda Cosmo 110 Sport ($264,000).

By Paul Joseph