July 31, 2021

Linkage Mag

Geared for the Automotive Life

Gooding Sets Record Prices at Geared Online Scottsdale

Image: Gooding & Co

Of the 49 lots offered at Gooding’s Geared Online Scottsdale event, 39 sold for a grand total of $7,092,031. That’s good news for the market, but some of the most interesting lots at this year’s event weren’t the top sellers, but rather those that set records for their models.

For example, a 1926 Bugatti Type 37 Grand Prix set a new record for the type at $935k. Racing Bugattis have always been popular, but this car had come out of 60 years of single-family ownership, which is generally a plus. It was confirmed to have its original matching-numbers lower crankcase and thought to have its original frame, gearbox and differential — a big deal in the Bugatti world. It also had some period racing success, which helped push the price even further.

The new record holder for a Type 37 at auction: $935k. Image: Gooding & Co

Another record — and further evidence of a new trend — came with the sale of a 1968 Meyers Manx at a stout $101,200. The car was one of the most original examples we’ve yet seen at auction, all the way down to its original gel coat exterior and interior. As one of the first 150 examples built by Manx, it’s a desirable example already, so its condition and originality just added to the mix and pushed the price into the clouds. Now, this isn’t the first Manx we’ve seen sell for big money on the auction market, but it is a new high water mark that shows bidders extending into new areas of appreciation, even for what some would have considered “just a kit car” only a few years ago.

An original Manx — and a new record holder at a double-estimate $101,200. Image: Gooding & Co

The high sale of the event was a 1966 Ferrari 275 GTB Long Nose, which brought $1.9m, followed by a 1954 Aston Martin DB2/4 Drophead Coupe that made $968k after a long bidding battle.

This wasn’t Gooding’s biggest Arizona event to date, but it still brought good cars — and good prices — via the company’s online platform. Buyers know what to look for at a Gooding auction, and it’s clear that even in the midst of COVID-19 restrictions, the company continues to deliver their trademark quality.

“We are pleased with the results of our Geared Online Scottsdale Edition sale,” said Gooding & Company President and Founder, David Gooding. “Although we miss interacting with our clients one-on-one and commanding the auction stage at our annual Scottsdale event, it is exciting to see such incredible engagement on our Geared Online platform.” 

Learn more about the sale here, and read more about it in the next issue of Linkage.