Gooding & Company, Scottsdale
Each firm at auction week in Scottsdale, Arizona, has its own vibe: There is a spectrum from carnival-like fun to art-sale seriousness with the auctions on offer. The event put on by Gooding & Company is possibly the toniest of those soirees. Perhaps there’s little surprise, then, that the highest prices realized for individual lots were largely at Gooding. Of the top-five non-charity sales for the week, four were lots sold at Gooding: A 1995 Ferrari F50 was the top sale at $3,222,500; the third priciest sale of the week was another Gooding lot, a 1932 Hispano-Suiza J12 dual-cowl phaeton for $2,425,000; a 1948 Tucker 48 sedan went for $2,040,000 (the second-highest result ever for a Tucker); and a 1967 Ferrari 330 GTS, which went for $1,985,000, rounded things out.
While these are all respectable results and the 89-percent sell-through rate is nothing to scoff at, it is noteworthy that fewer multimillion-dollar sales occurred in 2020 compared with the year before. The top-three sales at Gooding in 2019 represented over $15 million — which puts the overall decline in revenue from $48.1 million to $35.9 million in context. This was, by virtually any measure, a successful sale for Gooding.
BY THE NUMBERS
Total Sales: $35.9 million
Sell-Through: 89 percent
Average Sale: $291,606
1995 Ferrari F50, $3.22
