Artcurial and Bonhams on track in Monaco: The winner and the loser

The Monaco Grand Prix Historique transformed the event into an opportunity for auction houses. On the starting lineup this year were as many as three heavy hitters: Artcurial, Bonhams and RM Sotheby's. To start with a few numbers: Artcurial offered 44 cars, which were all unreserved and from the same Swedish collection. They expected to obtain 32,620,000 and ultimately the forecast barely deviated: €29,764,368 (basically an 8% difference).

A spectacular venue, a magnificent day and a lineup of very interesting cars were not enough for Bonhams: The perfect auction, however, did not come to fruition. 60% of the 50 cars went through but compared to an estimated €15,505,000, only €5,720,418 were achieved. Presumably Bonhams exaggerated the sales: 4 auctions within a period of five weeks resulted in a negative record. You can read more about RM next week.