Gooding & Co. Monterey Auction Nets $64.6 Million in Sales

Huw Evans
by Huw Evans

It sometimes makes you wonder about the kind of world we live in. Many people in the US are still in economy mode, yet if you’d been at Monterey this past weekend for the big collector car auctions, you’d think we’re in the midst of another boom. In particular, Gooding & Company had a banner weekend, generating $64 million from just 106 cars, though many were rare, true blue chip examples.

The highest priced sale of the weekend went to a 1959 Ferrari 250 Long Wheelbase California Spider, a Competizione racer that sold for a whopping $7, 260,000. Runner up at Gooding was a 1933 Alfa Romeo 8C 2300 Monza, which went for $6,710,00. To date that’s the highest single price ever paid for an Alfa at auction. Rounding off the high dollar triumvirate at Gooding’s Monterey event was another Ferrari 250, this time a 1961 Short wheelbase Berlinetta hot rod – the winning bid for that one was a substantial $6,105,000.

It was interesting to note that out of the 10 ten sellers at Gooding all them went for more than $1.6 million, including such cars as a 1928 Mercedes-Benz S26/180 boattail speedster ($3,740,00); a 1956 Maserati 200SI ($2,640,000) and a 1966 Ford GT40 ($1,650,000).

[Source: Gooding & Company]

Huw Evans
Huw Evans

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  • Bill Zimmerman Bill Zimmerman on Aug 26, 2010

    Oscar Wilde may have said it best.."Nothing exceeds like excess". The Ferrari is a mighty fine car but worth $7.26 million? I guess so. I'd think a far more very rare and exotic car would command such a price rather that a bare-bones common-place Ferrari. Not rare or exotic in my thinking. Oh well...we've all got a price, don't we? Thanks, guys.