September 29, 2022

Linkage Mag

Geared for the Automotive Life

$26.3m in Sales Realized at Gooding & Co. London Auction

Image: Peter Singhof; copyright and courtesy of Gooding & Company

1960 Ferrari 250 GT SWB Competizione sold for £7,762,500.
Image: Peter Singhof; copyright and courtesy of Gooding & Company

Upon its return to the UK, Gooding & Company finished strong with £22,811,938 or $26,360,426 in sales at Hampton Court Palace. 31 of 39 lots traded hands at the one-day auction on September 3 for a sell-through rate of 79%. Seven vehicles sold for over £1m, and the average price per lot was a healthy £735,869.

“We are incredibly pleased with how our foothold in the UK has been steadily growing, especially with our partnership with the Concours of Elegance, and our second-ever live auction abroad was a great success,” said David Gooding, Gooding & Company President and Founder. “The UK team, led by Charlie Ross and Joe Twyman, did an incredible job, and we achieved quite a number of remarkable sales. We look forward to our return to the UK for our London Auction in 2023.”

Leading all other sales was the 1960 Ferrari 250 GT SWB Berlinetta Competizione. The competition Ferrari with period race history at Le Mans, Goodwood and Montlhéry, sold over estimate for £7,762,500 ($8,969,988).

1965 Alfa Romeo Giulia TZ sold for a record £1,181,250.
Image: Mathieu Heurtault; copyright and courtesy of Gooding & Company

Following the 250 SWB, the 1932 Bugatti Type 55 Cabriolet with coachwork by Gangloff sold at £2,925,000 ($3,379,995), and a 1956 Porsche 550 Spyder sold for £2,025,000 ($2,339,997). The matching-numbers Bugatti was recently given a high-end restoration by Classic Motor Cars Ltd. and Ivan Dutton Ltd. The 550, on the other hand, was fresh out of storage for the first time in 30 years, having remained with the consignor for the past 40.

Rounding out the top five was a Bianco over black leather and red carpet 1965 Ferrari 275 GTS. An early example — number 28 of 200 produced — it sold for £1,350,000, or about $1,559,998. Just behind at £1,181,250 ($1,364,998) was a 1965 Alfa Romeo Giulia TZ. The sum represents a new high-water mark for any Giulia sold at auction.

A special charity lot was also sold with Gregor Fisken of London’s Fiskens LTD, presenting his family’s 1987 Citroën 2CV6 Dolly for auction. All proceeds from the sale went directly to the non-profit Voices of Children based in Ukraine, which is providing aid to children and families affected by the ongoing conflict there. The Citroën realized £33,750 across the block with the consignor pledging another £40k during the auction, taking the total to over £70k for a worthy cause.

Find complete results from Gooding & Company’s London sale here

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