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Gooding & Co Amelia Island auctions 2015 – results & analysis

By Edward Legge | Classic car auctions & analysis | 0 Comments

$26.9 million for Gooding at Amelia Island in 2015 and a raft of world records claimed  – but how did they really get on?

Gooding & Co’s Amelia Island was all about expectation in 2015. There were some bullish estimates and a quick glance at the figure could give a misleading picture. Reading Gooding’s record packed press release and then looking at some of the numbers – 75% of the lots sold in the bottom half of their estimate or below – could have provoked some confusion but the truth lay somewhere in between.

What did well?

In terms of results against estimate, there were a few notable sales. A race winning 1990 AAR/Toyota Eagle HF89 breezed through top estimate, as did a  1974 Volkswagen Thing,  and a 1999 Ferrari F355 Spider Serie Fiorano. Limited production Ferraris continue to perform well (and we’ll bet you hadn’t heard of a Serie Fiorano – only 3 were made for Europe which will no doubt will pop up for sale soon)  with a 2011 Ferrari 599 SA Aperta finding £785k with premium,and  a 1997 Porsche 993 Turbo S found just under £300,000 underlining the popularity of Turbo charged Porsche.

Ferrari 355 spider Serie Fiorano

 

Gooding were also kind enough to provide a list of the world records achieved although we are still dying to know who ratifies these records:

World Auction Records from Amelia Island
Lot 35: 1974 Porsche 911 Carrera 3.0 RSR, sold for $1,237,500
Lot 74: 2011 Ferrari 599 SA Aperta, sold for $1,155,000
Lot 52: 1996 Porsche 993 GT2, sold for $973,500
Lot 22: 1932 Lincoln KB Custom Stationary Coupe, sold for $836,000
Lot 78: 1990 AAR/Toyota Eagle HF89, sold for $660,000
Lot 32: 1974 Ferrari Dino 246 GTS, sold for $561,000
Lot 12: 1997 Porsche 993 Turbo S, sold for $440,000
Lot 39: 1994 Porsche 964 Turbo 3.6, sold for $330,000
Lot 64: 1951 Lotus Mk IIIB, sold for $247,500
Lot 45: 1985 Penske-March 85C, sold for $231,000
Lot 47: 1999 Ferrari F355 Spider Serie Fiorano, sold for $198,000
Lot 51: 1967 Mercedes-Benz 230 S, sold for $55,000
Lot 61: 1974 Volkswagen Thing, sold for $52,800

 

Ferrari 599 SA Aperta

 

 

What “didn’t do so well”?

There were plenty of cars that didn’t meet auction house estimates and therefore presumably expectations, but let’s put this in perspective – most of them are still making big money and it could be argued that the estimates were getting ahead of the market. It only sems like weeks ago that market-watchers were commenting on too-high estimates – because it was only weeks ago…

Porsche 993 GT2

The following came in under estimate or didn’t sell: 1961 Jaguar E-Type Series I Lightweight Replica (unsold), 1975 Porsche 911 Carrera 3.0 RS (£411,400 – a lot more is being asked for cars elsewhere), 1974 Porsche 911 Carrera 3.0 RSR (£841,500) , 1963 Mercedes-Benz 300 SL Roadster (£867,000), 1957 Mercedes-Benz 300 SL Roadster (£841,500), 1991 Ferrari F40 (£1,103,300), 1996 Porsche 993 GT2 (£661,980), 2005 Ferrari 575 Superamerica (£299,200), 1974 Maserati Bora 4.9 (£123,420 – bargain?), 1967 Ferrari 275 GTB/4 (£2,244,000), 1987 Lamborghini Countach 5000 QV (unsold). Not many bargains amongst that little lot (not an exhaustive list) we think you’ll agree – and all under estimate.

Porsche 3.0 RS

 

Patterns and trends

Activity and prices in the £500,000 – £3 million bracket are settling. Turbo charged Porsche hot property. Estimates still bullish.

 

You can see our pre-auction picks below.

Follow Classic and Sports Finance’s board Gooding & Co Amelia Island ’15 – cars to watch on Pinterest.

The numbers

Total lots 85
Sold lots 76 89.41%
Unsold lots 9 10.59%
Sold over estimate 7 8.24%
Sold under estimate 46 54.12%
Sold in lower half of estimate 18 21.18%
Sold in upper half of estimate 4 4.71%
Sold in lower half of estimate or below 64 75.29%
Sold in upper half of estimate or above 11 12.94%
Sold at median estimate 3 3.53%
Sold within estimate – ACCURACY 25 29.41%

Click here for full results with estimates and heatmap.

 

Gooding & Co Amelia Island auction result

 

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