Gooding & Company's sales at Amelia Island hit $22 million

1930 Packard 734 Speedster Runabout sells for $1.7 million

(March 19, 2019) AMELIA ISLAND, Fla. — Gooding & Company realized $22,047,980 in a single day at the company’s 10th annual Amelia Island Auction, held on March 8, including three of the top 10 sales across all auction houses. The most anticipated and talked-about event of the week continued to impress, as President David Gooding and auctioneer Charlie Ross sold 78 of 89 lots for an exceptional 88% sales rate, resulting in an average price of $282,666 per car sold.

Of those that left the block with new owners, six sold above the $1 million mark.

The heightened energy from the standing-room-only crowd was evident as stars from the sale hit their mark under the spotlight — with the sportingly elegant 1930 Packard 734 Speedster Runabout drawing the highest winning bid of the day, selling for $1,765,000.

The esteemed auction house continued its tradition as the Porsche market leader, selling the most expensive model of the week — the 2015 Porsche 918 Spyder Weissach (sold for $1,490,000) from The Jan Koum Collection.

Other notable Porsche sales include the 1993 Porsche 964 Carrera RS 3.8 (sold for $1,132,500), the 1987 Kremer Porsche 962C (sold for $1,022,500), and the 1984 Porsche 911 SC/RS (sold for $687,000).

Italian classics also had their moment in the Florida sun, as the 1965 Ferrari 275 GTS (sold for $1,325,000) and the 1963 Ferrari 250 GT Lusso (sold for $1,226,000) showcased exciting bidding wars and strong results. The 1961 OSCA 1600 GT also sold for $489,000, a new benchmark for the model.

“While we continue to see growth in the demand for modern collectibles, key sales from this year’s auction proved the desire for top-of-category classic and prewar examples,” states David Gooding, President and Founder of Gooding & Company. “We are proud of the results that emerged from our diverse lineup, such as the highest price achieved for a prewar car and a Porsche, in addition to the highest overall sale rate over our competitors.”

Top ten sales

    Lot 33 – 1930 Packard 734 Speedster Runabout, sold for $1,765,000
    Lot 48 – 2015 Porsche 918 Spyder Weissach, sold for $1,490,000
    Lot 26 – 1965 Ferrari 275 GTS, sold for $1,325,000
    Lot 76 – 1963 Ferrari 250 GT Lusso, sold for $1,226,000
    Lot 42 – 1993 Porsche 964 Carrera RS 3.8, sold for $1,132,500
    Lot 69 – 1987 Porsche 962C, sold for $1,022,500
    Lot 81 – 1965 Shelby Cobra, sold for $714,500
    Lot 65 – 1984 Porsche 911 SC/RS, sold for $687,000
    Lot 83 – 2004 Porsche Carrera GT, sold for $687,000
    Lot 46 – 2011 Porsche 997 GT3 RS 4.0, sold for $582,500

Gooding & Company’s next sale is the 15th Annual Pebble Beach Auction, taking place on Aug.16 and 17 at the Pebble Beach Equestrian Center.