Gooding & Company Announces More Than US$50 Million(1) in Sales at 2009 Pebble Beach Auction

PEBBLE BEACH, California -

- Gooding Sold 129 Exceptional Lots with Two US$4+ Million Cars and Achieved Multiple World Records in 2 Days

Gooding & Company, the official auction house of the Pebble Beach Concours d’Elegance(R), sold 129 lots over their weekend auctions, achieving more than US$50 million in sales. Continuing its successful presence as a leading auction house in Monterey, Gooding & Company attracted thousands of collectors and enthusiasts from around the world last week.

(Photo: www.newscom.com/cgi-bin/prnh/20090819/LA63113)

Overall, the auction achieved US$50+ million with 129 lots sold out of 159. Nine cars sold for more than US$1 million. Sunday evening’s top five sales were the 1962 Ferrari 250 GT SWB California Spider at US$5,115,000, the 1933 Alfa Romeo 8C 2300 Drop Head Coupe at US$4,180,000, the 1935 Duesenberg Model SJ Roadster at US$3,300,000, the 1954 Ferrari 500 Mondial Series I at US$1,540,000 and the 1934 Mercedes-Benz 380 Sport Roadster at US$1,078,000.

Guests at the auction witnessed the historic sale at US$550,000 of “Chassis Number One” of Bentley Motors’ Mulsanne, the new flagship grand tourer model that was conceived, styled and engineered at Bentley’s headquarters in Crewe, England.

Saturday’s highest sale was the 1958 Ferrari 250 GT LWB California Spider at US$2,750,000. A highlight for enthusiasts was the sale of Ettore Bugatti’s 1938 Bugatti Type 57C Special Coupe that found its new caretaker at a price of US$1,375,000.

Several world records were broken - the 1953 Aston Martin DB 2/4 Drop Head Coupe at US$1,650,000, the 1953 Jaguar XK120 SE Roadster at US$192,500 and the 1938 Buick Limited Series 80 Opera Brougham at US$506,000.

Gooding & Company will be conducting its annual Scottsdale auction on Saturday January 23, 2010 in Scottsdale, Arizona. For more information visit www.Goodingco.com.

About Gooding & Company

Gooding & Company provides unparalleled service for those in the collector car market. At its previous four auctions, Gooding & Company sold a combined total of more than US$178+ million in collector automobiles, with 55 vehicles selling for more than US$1 million and nine vehicles selling for more than US$3 million.

(1) The prices are in US Dollars, include the buyer’s premium and are rounded to the nearest dollar. Gooding & Company is not responsible for typographical errors or omissions.

Source: Gooding & Company

Katie Hellwig of Brandscape, +1-858-354-3692, Katie.hellwig at brandscape.com, for Gooding & Company; Photo: https://www.newscom.com/cgi-bin/prnh/20090819/LA63113