All-Time Auction Record of £9,535,000 for a Bugatti
Gooding & Company, the internationally recognized auction house, realized £34,048,900 in total sales at its highly anticipated Passion of a Lifetime auction. The company’s first-ever UK sale, conducted at the historic Hampton Court Palace during the esteemed Concours of Elegance, saw 14 of the collection’s 15 lots sold, achieving an impressive 93% sell-through rate with eight cars realizing over £1 million.
The company also set a world auction record for the highest average price per car at an auction at £2,432,064, along with six new records, including the most valuable Bugatti and Vauxhall sold at auction. Enthusiasts from around the world tuned into the live broadcast as the once-in-a-lifetime event, consisting of telephone, and absentee bidding, as well as limited in-room bidding, delivered the most exciting and successful automobile auction in 2020.
Bidding was strong from the very beginning, with the 1927 Bentley 3 Litre Speed Model Sports Tourer earning £345,000. Without a doubt, the star of the auction was the highly publicized 1934 Bugatti Type 59 Sports, which became the most valuable Bugatti ever sold at auction for £9,535,000.
The second of three Bugattis was met with resounding applause from Concours attendees when the beautifully preserved Type 35C Grand Prix sold for £3,935,000. The 1937 Bugatti Type 57S served as the grand finale for the collection, achieving £7,855,000. In total, Bugatti set new world auction records for the French marque’s respected models and accounted for over £21 million of the entire sale.
One of the most exciting lots on sale was the record-breaking 1971 Lamborghini Miura P400 SV Speciale. Applause erupted throughout the Palace grounds after a rousing bidding war resulted in a final price of £3,207,000.
New World Auction Records:
1934 Bugatti Type 59 Sports, sold for £9,535,000
1937 Bugatti Type 57S Atalante, sold for £7,855,000
1928 Bugatti Type 35C Grand Prix, sold for £3,935,000
1971 Lamborghini Miura P400 SV Speciale, sold for £3,207,000
1924 Vauxhall 30-98 OE-Type Wensum, sold for £1,247,000
1924 Lancia Lambda 3rd Series Torpédo, £391,000
Source: Gooding & Company: [Read more…]
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