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Rating Action: Moody's assigns B3 corporate family rating to American Auto Auction Group, B2 to first lien and Caa2 to second lien debt; outlook stableGlobal Credit Research - 13 Jan 2022New York ...
After the live auction world's hiatus caused by the COVID-19 pandemic, Gooding & Company made headlines by selling the top two cars at auction in 2021 at its Pebble Beach Auctions: the 1995 McLaren F1, sold for over 20 million dollars, and the 1959 Ferrari 250 GT LWB California Spider Competizione, sold for over 10 million USD.
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The sale, to a private buyer, was for 135 million euros ($142,769,250). It handily outstripped the previous record-setting $48.4-million sale of a 1962 Ferrari 250 GTO at a 2018 auction to become the most expensive car ever sold at auction. Both of these high-dollar sales were brokered by RM Sotheby's. [1]
This action prompted the partners to make Manheim Auto Auction a dealer-only enterprise, making Manheim the largest auto exchange in 1959. [2] By 1966, Manheim Auto Auction established itself as the world's volume leader, selling off 45 vehicles per hour or 700 cars/trucks on a given Friday night at the 16-laned auction.
Season to date, American Auto has averaged 2.3 million total viewers and a 0.3 demo rating (with Live+7 playback), down 15 and 40 percent from its freshman numbers (2.7 mil/0.5). Out of the five ...
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