Europe. Great start… actually a good one for Artcurial in Paris

The auction law will never be put in writing: Artcurial Paris confirmed this: the first part was a clear success with 25 lots out of 26 sold and 107% of the estimated value reached (despite a Porsche 550RS Spider estimated at €3.8 million going unsold). Then the sale reversed: out of the next 13 lots, just one changed hands; just under €200,000 takings out of more than €7.7 million originally estimated. Very odd. A balance sheet which started out as excellent turned into a positive one. Let's attempt to understand why.