"When we founded Gooding & Company 21 years ago, we built it on the pillars of integrity, quality and passion within the collector car market..." said David Gooding. He expressed confidence that the acquisition by Christie's would be a key step in continuing to develop as a global leader in the automotive auction space.
Christie's auction house has recently felt fluctuations in the art market, with a reported 22% drop in sales during the first half of 2024. This acquisition suggests a strategic move to diversify and expand its offerings.
RM Sotheby's CEO Rob Myers emphasized that competition among top auction houses promotes industry standards, stating, 'Having other players at the top of their game fosters healthy competition...'
The article notes that this acquisition signifies a significant shift for Christie's into the automotive auction market, marking a return to a sector it previously exited in 2007.
[
Collection
]
[
|
...
]