Oxnard, California, October 21, 2006
Sets Record For Single-Day Automotive Auction
Led by nine cars which brought in more than $1 million apiece, including two in excess of $2 million, today’s
auction by Gooding & Company of Otis Chandler’s vehicle and automotive-art collection brought in a record
$36,094,250, the highest single-day, automotive collection sale.
According to David Gooding, company founder and chief executive officer, the sale of all 90 vehicles, offered
without reserve, exceeded his wildest expectations.
“The experience on the podium as the auction unfolded was incredible,” said Gooding. “I knew Otis’s collection
was one of the most significant in the world, so I believed this would be a special day.
“When I heard the total had surpassed $21 million, I knew we had eclipsed the previous record (set in 1990 at a
Sotheby’s sale) and we hit that total with 33 cars and motorcycles still to be sold!”
More than 1,200 bidders, celebrities, car collectors and automotive enthusiasts crowded into the 45,000-square-
foot Chandler’s Vintage Museum of Transportation and Wildlife which since 1987 had housed the collection here
and had served as Chandler’s office following his retirement as publisher of The Los Angeles Times.
The top sellers amongst the 90 vehicles were the 1931 Duesenberg J Special Phaeton, at $2.64 million and the
1904 Mercedes 40/45 HP Sports Touring, at $2.255 million. The 1907 Harley-Davidson 440CC Strap-Tank
Single sold for $352,000, topping the motorcycle category.
The million-dollar group also included the: 1933 Packard 1006 Twelve Sport Phaeton, $1.98; 1933 Packard 1006
Twelve Convertible Victoria, $1.65; 1911 Mercer 35R Raceabout, $1.595; 1912 Oldsmobile 60 HP Limited
Touring, $1.265, Renault AI 35/45 HP Vanderbilt Racer, $1.1; Packard 904 Deluxe Eight Convertible Victoria, $1.1,
and Packard 1108 Twelve Two-Place Coupe, $1.1.
“And individual marque records for Mercer, Renault, and Simplex (1911 Simplex 50 HP Toy Tonneau, $775,000)
were set during the day,” added Gooding.