Automotive Auction Sees Record Sales

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    Gooding & Company, the official auction house of the Pebble Beach Concours d’Elegance, had sales of $113.7 million – a world record sale total for an automotive auction ‒ at its auctions for significant and valuable collector cars. Twenty-four collector cars sold in excess of $1 million, highlighted by the von Krieger Special Roadster, a 1936 Mercedes-Benz 540 K, that sold for $11,770,000 – a double world record for a Mercedes-Benz and a pre-war car at auction. A 1960 Ferrari 250 GT LWB California Spider sold for $11,275,000 – a world record for a Ferrari California Spider. Ferrari was a big part of the weekend with eight models between1953 and 1962 selling above $2 million each. From the Sherman M. Wolf collection, the 1960 Ferrari 250 GT LWB California Spider Competizione attracted the most demand selling for $11,275,000, which made it the second most valuable car sold of Pebble Beach auction week. The 1957 Ferrari 250 GT LWB California Spider Prototype sold for $6.6 million.