Monday, April 9, 2012

Selling Classic Cars - The Motor Bookstore blog

From Los Angeles Times
By Jerry Hirsch

His Santa Monica company Gooding & Co. sold nearly 300 collector cars last year. One was a Duesenberg Model J coupe that went for $10.3 million, the most expensive American car ever sold at auction.

?The gig: David Gooding, 45, is president and founder of Gooding & Co. in Santa Monica, which sells classic cars ? from antiques such as a 1912 Model T Speedster to hot sports cars such as a 1973 Porsche 917/30 Can-Am Spyder ? typically at auctions.

Hot market: "We have seen extraordinary prices and growth in our market," he said. "It is not just a few buyers driving the price up but rather many buyers from all over the globe."

Gooding's company sold 297 collector cars last year, averaging $441,218 each. Among those sales ... [continued]

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