Market Intelligence
Artcurial Monaco. A step back
On July 19th, Artcurial held its second sale of the year, offering 121 lots, but the fear of a fourth wave of COVID-19 kept many hands down. The number of cars sold rose from 47 to 59, but the percentage of sales fell by 53.41% to 48.76%, and the total takings decreased by 8%, equal to €6.627.235 ($7,801,117). While a 1968 Lamborghini Miura P400 sold well within its estimate, it was a 1977 Ferrari 512 BB carburettor that aroused more interest, selling for €146,616 ($173,550). On the other hand, a collection of five Rolls Royces and Bentleys remained unsold. The article discusses other lots that were sold, unsold, and Artcurial's practice of retracting the car at any time.
On 19th July, Artcurial held its second sale of the year with the aptitude this auction house is famous for: 121 lots on sale against 88 of last year (+37.5%) but the fear of a fourth wave – which materialized after a few days when France introduced the mandatory Green Pass – kept many hands down.
This is one justification, the other is that there was no connected car event in in Monaco, and this impacted the results. Although the number of cars sold rose from 47 to 59 (+25.5%) because there were more cars on offer, the percentage of sales fell by 53.41% to 48.76%.
