Gooding & Company head David Gooding explained why there's a surge in interest in the iconic Porsche 911.
There's no question that for some time now, the collectible car auction market has been ruled by Ferrari. Examples of the Prancing Horse have broken records — last fall at Monterey's legendary motor week, aBut here's the thing: There aren't that many rare Ferrari's in the world.
Gooding discussed his business and the surging interest in 911s at auction in an interview with Business Insider:David Gooding started Good & Company 20 years ago, and in 2017, the house sold over $150 million worth of collectible automobiles.According to Gooding,"when he started the business he wanted to present cars 'carefully, authentically and with distinction,' and the results are shown not only in record prices but in a level of trust and respect unmatched in the industry.
The auction world has been dominated for years by record-setting hammer prices for vintage Ferraris. But the aspiring Ferrari collector has a problem: severely limited supply.Gooding & Company has partnered with Christie's, and in February Gooding brought a classic Packard and several Porsches to exhibit in New York.David Gooding started his career at Christie's, but he pointed out that the house no longer has a car department.
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