Market Intelligence
Artcurial leads the way
Artcurial's Paris auction showed diverse models and caution in uncertain times. Notable sales included a Ferrari 512 BB and Maserati Quattroporte. Cliff Goodall's analysis on Roarington.com is valuable.
Cliff Goodall’s view
Artcurial seems to take us back to the early 2000s with the Paris auction. Back then, auctions were less theatrical, and the range of models on offer was more diverse, not focused on the sensationalism of top lots. While the results of this event may not be remembered as the most successful ever, with 69 cars offered and 51 sold (73.91%), and the somewhat subdued total estimate of €5,438,000 generating just €2,877,892 in takings, compared to nearly three times that amount last year, there was something appealing about it. The average price also halved from €119,047 to €56,429, despite the increase in the number of cars offered without reserve, which increased from 31.25% to nearly half.
__Artcurial Paris, 22nd October 2023__
