Christie's Acquires Gooding & Co., Expanding Its Classic Car Sales Reach

Renowned Auction House Expands With Purchase of Leading Automotive Auctioneer

London, England – August 9, 2023 – Christie's, the world-renowned auction house, has entered into an agreement with Gooding & Co. to officially acquire the leading automotive auctioneer. This acquisition marks a strategic move for Christie's as they aim to expand their presence and capabilities within the classic car sales market.

What the Agreement Entails

According to the terms of the acquisition, Christie's will take full ownership of Gooding & Co. Its staff will also join the Christie's team, further solidifying the company's expertise in the automotive sector.

Increased Market Share and Global Reach

By acquiring Gooding & Co., Christie's will significantly increase its market share within the classic car auction industry. Gooding & Co. has been a prominent player in this segment, with a strong track record of high-profile sales and a loyal customer base. This acquisition will allow Christie's to access Gooding & Co.'s established network and leverage its extensive global reach to tap into new markets and clientele.

Enhanced Expertise and Services

The integration of Gooding & Co.'s team into Christie's will provide the auction house with a wealth of specialized knowledge and experience in the classic car market. Gooding & Co. has a proven ability to source, curate, and market exceptional vehicles, including rare collectibles, vintage automobiles, and modern classics. This expertise will further enhance Christie's capabilities and enable them to offer a more comprehensive range of services to collectors and enthusiasts.

Long-Term Growth and Innovation

Christie's acquisition of Gooding & Co. is a strategic move that supports the company's long-term growth trajectory. The combined strengths of both organizations will create a formidable presence in the classic car sales market, while also allowing Christie's to explore new opportunities in automotive-related events and initiatives. This acquisition is a testament to Christie's commitment to innovation and the expansion of its offerings to meet the evolving needs of the art and luxury markets.

About Christie's

Christie's, founded in 1766, is the world's leading auction house, specializing in the sale of fine and decorative arts, jewelry, real estate, and collectibles. With operations in London, New York, Hong Kong, Paris, and other key cities, Christie's conducts approximately 350 auctions annually and hosts private sales. Known for its expertise and global reach, Christie's sets the benchmark for the art market and welcomes the most discerning collectors, connoisseurs, and institutions.

About Gooding & Co.

Gooding & Co. was established in 2003 and has quickly become one of the most prominent and trusted classic car auction houses globally. Headquartered in Santa Monica, California, Gooding & Co. specializes in high-value, limited-edition, and collectible automobiles, including pre-war classics, sports cars, and muscle cars. The company's auctions typically generate over $200 million annually, showcasing its reputation and influence within the collector car community.