Market Intelligence
Artcurial doubles: another top European auction
Artcurial's recent car auction saw a return to pre-pandemic levels, with 132 out of 167 cars being sold and sales totaling €36,108,002 ($39,604,340). The most expensive car, a 1996 Ferrari F50, sold for €4,161,600 ($4,564,567), followed by a Ferrari Enzo for €2,846,000 ($ 3,121,578), and an ex-works Porsche 907 for €4,390,400 ($4,815,522). Other notable sales included Alain Delon's 3.5 V8 Range Rover, which sold for €95,360 ($104,593), and a Harley Davidson Softail Heritage that belonged to Johnny Hallyday, which sold for €470,840 ($516,431).
Comparing this year’s Artcurial sale with the one held in 2021 is like comparing night and day. Many things have changed: the ghost of Covid has been significantly reduced and the sale was conducted over two days, with more cars and a greater focus on the diversity of the cars on offer than on spectacular top lots. And whereas last year the top lot alone counted for 38% of the overall takings, this year the most expensive car contributed just 13%, in line with the 12% registered in 2020 (pre-covid at the time).
So we have finally returned to normal levels: 167 cars for sale, 132 went to new homes (79.04%), bettering the results reached in 2021. €36,108,002 ($39,604,340) in sales from €42,939,000 ($47,096,785) on offer (84%), double the €18,218,880 ($19,983,015) recorded in 2021 but also significantly higher than the almost €21m (roughly $23m) in takings recorded in 2020. This year’s average price of €273,545 ($300,032) also confirms the good mix of delights on offer.
