Auction firm Christie’s has acquired classic car specialist Gooding & Company, bringing motoring back into the fold after Christie’s closed its car division in 2007.
The value of the deal, which is due to be completed by the end of 2024, has not been disclosed, but Gooding & Company is to retain its headquarters in Los Angeles, California, and there are no planned staff changes.
“Both Gooding & Company and Christie’s recognise that today’s collectors have interests that reach beyond any one category,” says Gooding & Company co-founder and president David Gooding, who worked for Christie’s in the 1990s before founding his eponymous company with his wife, Dawn Ahrens, in 2003.
“Our clients are constantly in search of items of unmatched quality – whether it is a motor car, a painting, or a piece of fine jewellery.”