Market Intelligence
Artcurial. Rally docet
The Artcurial auction held in Paris on October 24, 2022, was successful with 67 cars sold out of 96 on offer, and a turnover of €5,682,264 ($6,590,431) sold against €7,169,000 ($8,314,785) offered. Nearly half of the lots were offered without reserve, including some top lots. The auction focused on rally cars, with an ex-works Citroen BX 4TC Evolution, once driven by Jean-Claude Andruet, selling for €417,200 ($483,900), breaking through its estimate of €250,000-€350,000. The sale also included Group B cars, which are in demand, as Artcurial is now recognized as a reference point for anyone looking to sell or buy these cars.
The word “rally” comes from the French word “rallier” which means to group. Probably, the first uses were during the Napoleonic wars and so it was that the British military adopted this form of transport for meetings in the countryside. From here the jump to cars was a short step.
What does this story have to do with the Artcurial auction in Paris that was held on 24th October? In actual fact quite a lot.
Let’s start with the numbers: 67 cars sold out of 96 on offer, equivalent to 69.79%. Turnover exceeded this ratio, reaching a decidedly excellent 79.26%, equal to €5,682,264 ($6,590,431) sold against €7,169,000 ($8,314,785) offered.
