Leading up its annual sale at Retromobile, Artcurial had talked about a pre-auction estimated value of $30 million to $34 million for the 1957 Ferrari 335 S Scaglietti from the Pierre Bardinon Collection. The car crossed the block Friday in Paris and sold for $35.7 million (with buyer’s premium), which Artcurial said is the most ever paid for a collector car at auction (based on its price in euros).
* The price in euros was 32.1 million. Artcurial said the price also is a record when converted into British pounds (24.7 million). It is not a record in U.S. dollars, in part because of the recent strength of the dollar compared to other currencies.
The record sale in U.S. dollars remains the $38.115 million paid at Bonhams’ Quail sale in Monterey in 2014 for a 1962 Ferrari 250 GTO. At the time, the price was 28.5 million in euros and 22.8 million in pounds.
“This exceptional Ferrari 335 S Scaglietti (#0674) has achieved the highest auction price in international history (in euros and sterling), here in France, the home of the automobile, and in Paris, the world’s capital for collectors’ cars during the winter season,” Matthieu Lamoure, managing director of Artcurial Motorcars said as the car left the auction block.
“My team and I are very proud to have put Artcurial Motorcars on the top step of the podium for auction houses worldwide. Our hard work, which has been rigorous and extensive, has been rewarded at the highest level. We would like to thank sellers for their continued support. Vive Paris, vive l’Automobile, vive Artcurial Motorcars.”
According to Artcurial’s news release following the car’s sale, “The room fell silent as the lights were dimmed and the car appeared on the stage, positioned in front of the podium. Matthieu Lamoure, Managing Director of Artcurial Motorcars, presented the car in English to the bidders in the salesroom, describing the history, design and extraordinary provenance of this 1957 Ferrari 335 S Scaglietti.
“Maitre Hervé Poulain started the bidding at 20 million euros. A minute later, several people in the room and on the telephone were involved and bids rose to 26 (million euros). It was a further 10 minutes before an international bidder in the room triumphed over the only telephone bidder to remain in the battle. To loud applause, the hammer came down on the most valuable car in the world.”