Market Intelligence
Artcurial a Prophet in the Homeland
The Artcurial Rétromobile auction exceeded expectations with total sales of €21,161,283, making it the best result of the three Parisian auctions, despite not having any standout lots. The auction was dominated by competition cars, with all five of the best results being track-ready vehicles. The most expensive car sold was a 1965 Ferrari 275 GTB/6C, which went for €2,502,800. Artcurial managed to sell 19 out of the 20 most expensive cars within their estimates, including a historically interesting 1983 Ferrari 126 C3 F1 that sold for €1,438,880, more than double the minimum estimate.
The Rétromobile auction was certainly worrisome for Artcurial: the €38.3m generated in 2019 was out of the question as that result came with the sale of two extraordinary items: an Alfa Romeo 8C 2900B Touring Berlinetta (sold for €16.7m) and a Serenissima Spyder (€4.2m).
With a list of cars that were not in the same league as last year's examples, this auction appeared destined to become the Cinderella of the season. And instead it went very well: total sales were €21,161,283, helping it claim the best result of the three Parisian auctions with five cars sold over the magic million.
What to keep an eye on? The wisest thing is to give room to the most interesting lots. It can teach us a lot.
