National Press Release

1960 FERRARI 250 GT SWB CALIFORNIA SPIDER IS TOP SELLING LOT OF THE 2009 SCOTTSDALE AUCTION WEEK AT $4.95 MILLION REPRESENTING SECOND HIGHEST PRICE EVER PAID FOR AN INDIVIDUAL CAR IN ARIZONA AUCTION WEEK HISTORY

1937 TALBOT-LAGO T150 C SS TEAR DROP COUPE FINISHES AT $3.52 MILLION

SCOTTSDALE, Ariz., Jan. 17 /PRNewswire/ -- Gooding & Company once again delivered the top sale of Arizona Auction Week during their highly anticipated Scottsdale Auction on January 17, 2009. The extremely rare 1960 Ferrari 250 GT SWB California Spider from the newly-discovered VanKregten Estate sold for $4.95 million setting the record for top price of the week at all auctions in the valley as of press time. It is likely the top price ever paid for an un-restored car of its type and represents the second highest price for an individual auction sale in Arizona history.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090117/LA60138 )

A very original 1937 Talbot-Lago Teardrop Coupe was the week's second highest lot selling for $3.52 million. As the gavel fell for the final time of the day, total sales neared $31.8 million, with seven cars breaking the magic million dollar mark.(1) The average price paid per vehicle was nearly $400,000.

Gooding & Company's other top performing lots included the coveted Pebble Beach Concours d'Elegance Best of Show-winning 1932 Daimler Double Six Sport Saloon at $2.97 million, a 1929 Duesenberg Model J Dual Cowl Phaeton at $1.375 million, a 1937 Bentley 4 1/4-Litre Fixed Head Sport Coupe at $1.32 million and a 2003 Ferrari Enzo at $1.265 million. The famed 1933 Isotta Fraschini Tipo 8A Dual Cowl Sports Phaeton featured in the film Giant starring James Dean fetched $1.089 million.

"Over the years, we've had the privilege of offering some of the world's finest marques, and our record Scottsdale Auction results illustrated that the collector car market is still a valuable investment for connoisseurs and car-lovers," says David Gooding, President and founder of Gooding & Company. "We saw that these highly desired and sought-after one-of-a-kind vehicles still demand a premium price."

Other noteworthy sales included a unique 1938 Mercedes-Benz 540 K Sport Cabriolet at $946,000, a magnificent 1936 Hispano Suiza J12 Convertible Victoria at $880,000, a 1929 Duesenberg Model J Clear Vision at $836,000 and for contemporary Ferrari enthusiasts, a 1985 Ferrari 288 GTO at $616,000.

The 1960 Ferrari 250 GT SWB California Spider was the star of the VanKregten Estate, and arguably the week. The Italian sports car par excellence is one of only 54 Short Wheelbase examples and one of only a handful of cars fitted with the coveted covered headlights from the factory. More than 20 vehicles from the VanKregten Estate crossed the auction block and were sold without reserve.

The selling price of the 1960 Ferrari 250 GT SWB California Spider is the second highest in Arizona history. This is the second successive year that the Gooding & Company auction sold the highest priced car of all auctions held in the Arizona desert during the week. Last year's record was the 1959 Ferrari 250 GT LWB California Spider selling for more than $3 million.

About Gooding & Company

Gooding & Company provides unparalleled service for those in the collector car market, offering a wide range of services, including private and estate sales, appraisals and collection management. Gooding & Company posted record-breaking results for 2008, with a combined total of more than $120+ million in sales at automotive and intellectual property worldwide auctions. As the official Pebble Beach auction company for the annual Pebble Beach Concours d'Elegance, the company sold more than $64 million worth of collector automobiles in August 2008. Gooding & Company will be conducting its annual Pebble Beach auction on August 15 & 16, 2009 in Pebble Beach, California. For more information, please contact (310) 899-1960 or visit www.goodingco.com.

Gooding & Company also lends its auction expertise for the live intellectual property auctions of Ocean Tomo, a fully integrated intellectual capital merchant bank specializing in understanding and leveraging intellectual-property assets. The spring 2009 live intellectual property auction will be held in San Francisco on March 26 and 27 featuring the sale of patents, management lots and digital media systems.

(1) The prices are in US Dollars, include the buyer's premium and are rounded to the nearest dollar. Gooding & Company is not responsible for typographical errors or omissions.

SOURCE Gooding & Company