Gooding & Company

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Gooding & Company
IndustryAuctioneering
Founded2003; 16 years ago (2003)
Santa Monica, California, U.S.
FounderDavid Gooding
HeadquartersSanta Monica, California, U.S.
Key people
David Gooding (President)
ProductsAutomobiles
ServicesAuctioneering, restoration, financial Services
WebsiteGoodingco.com

Gooding & Company is a classic car auction company headquartered in Santa Monica, California. Incorporated in 2003, the company holds three of the top ten all-time records for most expensive cars sold in auction;[1] the company also provides private treaty sales, estate planning, and appraisals. Since 2004, Gooding & Company has been the official auction house of the Pebble Beach Concours d’Elegance.[2] Additional auctions are held in Scottsdale, Arizona and Amelia Island.

History[edit]

David Gooding began Gooding & Company in 2003, after serving as managing director of the International Motor Sports department at Christie’s and President of RM Auctions;[3] the company held its inaugural sale at Pebble Beach in 2004.[4] Gooding & Company serves as the official auction house of the Pebble Beach Concours d’Elegance; the weekend’s auctions are pivotal to the global collector car market, revealing trends in pricing and taste.[5] Since its inception, the company has broken numerous world records for cars at auction.[6]

Notable Sales[edit]

  • In May 2010, Gooding & Company handled the private sale of a 1936 Bugatti 57SC Atlantic for more than 30 million dollars, at the time the highest price ever paid for a car.[7]
  • Gooding & Company broke several notable auction records at Pebble Beach in 2011, including the most paid for a car at auction with a 1957 Ferrari 250 Testa Rosa prototype. The same event featured the Whittell Coupé, a bespoke 1931 Duesenberg Model J that broke the record for the most expensive American car ever sold at auction.[8]
  • Gooding & Company achieved 50 world record sales in 2013, including a 1957 Ferrari 250 GT 14-Louver Berlinetta, a 1997 McLaren F1, and a 1937 Bugatti Type 57SC Atalante.[9]

References[edit]

  1. ^ “Around the block”. (March/April 2012). Sophisticated Living, p. 50.
  2. ^ de Burton, Simon (August 8, 2009). “Classic cars in pole position”. Financial Times.
  3. ^ Stiny, Andy (August 14, 2013). “More than just talk”. Monterey Herald.
  4. ^ Hirsch, Jerry (April 8, 2012). “David Gooding is a whiz at selling classic cars”. Los Angeles Times. Retrieved from: [1].
  5. ^ Elliott, Hanna (October, 2011). “At Pebble Beach: Auto auction off the charts”. Forbes Magazine, p. 81.
  6. ^ “Power 100: Auction power”. (December, 2013). Art+Auction.
  7. ^ Lubove, Seth (October, 2010). “Classic obsession”. Bloomberg Markets, p. 91.
  8. ^ “Around the houses”. (November, 2011). Motor Sport Magazine, p. 126.
  9. ^ “Power 100: Auction power”. (December, 2013). Art+Auction.


External links[edit]