Gooding & Co

Last week we forecast that the 16th car in history would sell at auction for over US$20 million. It didn't happen, but what did occur was even more astonishing. The 1964 Ferrari 250 LM sold for €15,771,200 (US$16,867,298) including buyers premium.

Cars that sell for more than $10 million are rare, but cars that sell for more than $20 million are very special indeed. There have only ever been 64 cars in history that have fetched more than USD $10 million at auction, and just 15 cars that have ever fetched more than $20 million ... and there might be another by the end of the week.

RM Sotheby’s has announced the sale of what may become the most valuable automotive barn find in history: 20 Ferraris consigned to the mercy of time in 1990, unearthed in 2004 when Hurricane Charley collapsed the Florida barn they were housed in.

The Monterey car auctions will see more than a third of a billion dollars spent in three days this year, but the volume of well-heeled individuals in town ensures that among the cars are a smattering of bikes vendors hope will appeal to the hyper-monied audience.

A 1956 Ferrari 250 GT Berlinetta Competizione yesterday became the winner of 2021 Annual Peninsula Classics ‘Best of the Best’ Award, the most prestigious concours honor in the world. Here's a pictorial of the winning car, and the other 7 finalists

Monterey Car Week is upon us once more, and the auction cluster that provides a large part of the show at the week-long automotive celebration is shaping as the biggest in history.

With the sale of the Shelby Toyota 2000 GT for US$2,535,000 at Gooding & Company's Amelia Island auction on March 5, the Toyota 2000 GT regained its crown as the most expensive Japanese car sold at auction.

The 2021 auction market was quite extraordinary, with unprecedented levels of participation and sales. From cars to colt revolvers to multi-million-dollar NFTs, this sweeping look at the highlights is full of fascinating tales and astonishing prices.

A $5 million sale puts you into the top 150 most valuable cars ever sold at auction, and that’s where we’ve drawn the line in our first preview of the coming Monterey Car Week Auction cluster.

In the midst of a global pandemic the success of Gooding & Company’s “Passion of a Lifetime” auction on the weekend seems like a miracle. Eight cars topped US$1 million and $45,231,210.76 was realized in just 90 minutes … at just over $500,000 a minute.

After the first big online-only foray by the biggest automotive auction cluster on Planet Earth, it's clear that automobiles are not particularly suited to online-only auctions, but that significant strides were made in the right direction.

So far this year, there hasn't been a car sold for eight figures, but one auction to be held at the Concours of Elegance on September 5, 2020 could see three cars all surpass that mark inside two hours.