Market Intelligence
The other side of auctions
Artcurial auctioned off the Collection of Richard Romagny online from November 4th to 22nd, 2021, featuring cars from the 70s to the 90s such as Citroen AX and BX, Peugeot 304 and 405, and Renault 5 and Megane. The 89 sold lots made an average of €22,241 ($25,180) per car. Richard Romagny's love for Citroen CX was apparent with 12 of them in the collection, including a rare “Mandarine” painted model that sold for €37,200 ($42,190). The auction also included cars featured in James Bond and Ronin movies, which sold for record prices.
Artcurial, which had never organized an online sale even in the midst of the pandemic, decided to offer the Collection of Richard Romagny, an entrepreneur with a past from the Dakar Rally, with this format: from 4th to 22nd November, giving plenty of time for the offers to come in.
The real peculiarity, and something I found especially fascinating, were the cars. Among the 90 lots on offer (of which 89 sold, an incredible 98.89%!) there were all the cars you could have met on any given street in any French city from the 70s to the 90s: Citroen AX and BX, Peugeot 304 and 405, Renault 5 (beware! The 5-door models and not the very rare Turbo variants) and Megane... the very same models your neighbours or friends drove.
