California Spider Fetches $17,160,000

AMELIA ISLAND, Fla. (March 13, 2016) – Gooding & Company, the auction house acclaimed for selling the world’s most significant and valuable collector cars with the tradition of presenting some of the greatest collections to ever come to market, realized $60,162,150 in a single day at the company’s 2016 Amelia Island Auction. The most talked about event of the week did not disappoint, as President David Gooding and Auctioneer Charlie Ross sold 69 of 79 lots for an impressive 87% sales rate, which resulted in an astounding average price of $871,915 per car sold. The standing-room-only crowd also witnessed the company achieve nine new world auction benchmarks. There were highlights throughout the auction, including the $22,244,500 garnered by Selections from The Jerry Seinfeld Collection and the star of the day, the 1961 Ferrari 250 GT SWB California Spider which commanded a price of $17,160,000.

Rare-to-auction collector cars from renowned coachbuilders and beloved marques delivered outstanding results. The 1961 Ferrari 250 GT SWB California Spider clearly defined this trend with a spirited round of bidding until the hammer dropped with a realized price of $17,160,000, setting the single lot record for a car sold in the history of all Amelia Island auctions, as well as for a Gooding & Company auction overall. Other notable Ferraris which commanded fervent bidding wars were the 1995 Ferrari F50 (sold for $2,310,000) and the 1960 Ferrari 250 GT Series II Cabriolet (sold for $1,512,500).

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