2013 Pebble Beach Gooding & Company Auction Results
The results are in from the Gooding & Company Auction from Monterey Week and living up to their reputation several records were broken. The specialty classic car auction house cleared $112 million during it's weekend under the lights. Just shy of the nearly $114 million of four wheeled beauties sold last year. Today and we check in to see how we fared with our predictions.1) 1972 Porsche 911 "STR II", Lot 61
Gooding & Company Estimate: $125,000-$150,000MotorEthos prediction: $110,000
Sold: $302,500
Frankly we were surprised at the sale price of this highly modified 911. Extremely nice example of a supremely sorted street fighter. It blew past the expert guesses by $150,000.
2) 1960 Aston Martin DB4 Series II , Lot 45
Gooding & Company Estimate: $425,000-$500,000MotorEthos prediction: $435,000
Sold: $445,500
We came in a lot closer on this one, missing the sale price by 2.3%. Not bad for a couple of part-time estimators.
3) 1958 Porsche 356 A Speedster, Lot 10
MotorEthos prediction: $275,000
Sold: $264,000
The prices on Speedsters have climbed steadily over the past couple of decades and rapidly over the past few years. This example continues that upward momentum of early Porsche design.
4) 1974 BMW 2002 Turbo, Lot 110
MotorEthos prediction: $68,000
Sold: $66,000
More irritating than anything else, we think these Turbos should be breaking the 100k mark regularly. We wonder what keeps holding these prices so low.
5) 1967 Volkswagen Type 2 21-Window Bus, Lot 113
MotorEthos prediction: $70,000
Sold: $126,500
The VW bus surprises again. The prices on these classics kept rising as owners restore them to their former glory. Undervalued its entire motoring life, buyers willing to open their wallets to these people movers.
So we had two big misses, but in our defense those lots probably surprised everyone. Were your estimates as good as ours? Next year we plan on reporting live from the event. We hope you join us!
Source: Gooding & Company
