Hometown auction house does 86 percent sell-through with 13 record prices during Retromobile sale
Even without its star car crossing the block, Artcurial Motorcars Retromobile 2018 auctions were hugely successful this past weekend, posting $38,814,990 in sales with an 86 percent sell-through rate for the two-day event.
“We saw some spirited bidding in a packed and dynamic salesroom, reflecting the quality of the cars offered in the sale,” Matthieu Lamoure, Artcurial Motorcars managing director, was quoted in the news release, which noted that 3,000 people were in attendance in the room even though it was snowing in Paris.
Artcurial also noted that 40 percent of the vehicles sold for more than their pre-sale estimated value.
Two vehicles each sold for more than $3 million, a 1938 Bugatti Type 57C Atalante coupe bringing $3,557,376 and a 2006 Ferrari FFX selling for $3,277,000. Both figures represented world auction-record prices, and include the buyer’s fees. Artcurial said 11 other vehicles also sold for record prices at the auction.
The auction’s star car was to have been the 1964 Ferrari 275P that won the 24 Hours of Le Mans race, but just days before the auction, the car was withdrawn because of issues within the late owner’s estate. The car figured to sell for $35 million to $40 million and some believed it would demand the highest price ever paid for a collector vehicle at auction.
The auction features vehicles from seven private collections. The 1954 Maserati A6 GCS 53 Spyder by Fiandri & Malagoli, a car with racing provenance from the Roger Collection, sold for record $2,166,995 while the 1964 Porsche 906 GTS from the Miloe Collection brought $1,660,292.
Artcurial said the bidding was intense from very early in the sale. One of the first cars on the block, a 1938 Delage DS 120 bodied by Chapron, was the subject of such a battle and finally sold for $657,294, three times its pre-sale estimate.
The second day of the sale featured vehicles from the Guelon and Broual Collections, with the Guelon two- and three-wheeled motorcycles achieving a 100 percent sell-through and more than $3 million in sales, double the group’s pre-sale estimated value.
Among the Guelon machines, a 1899 Renaux Tricycle brought $121,461, nearly triple its pre-sale expectations, while a circa 1920 Janoir Type sold for $162,643.
Among the Broual vehicles, a circa 1928 Rally “Roy” sold for $123,610, nearly four times its pre-sale estimate, and a 1929 Amilcar CGSS went for $101,796.
Top 10 sales, Artcurial Motorcars Retromobile 2018
- 1938 Bugatti Type 57C Atalante coupe, $3,557,376
- 2006 Ferrari FXX, $3,277,000
- 1954 Maserati A6 GCS/53 Spyder by Fiandri & Malagoli, $2,166,995
- 1964 Porsche 906 GTS, $1,660,292
- 1955 Mercedes-Benz 300 SL ‘Gullwing’ coupe, $1,419,156
- 1990 Ferrari F40, $1,168,414
- 1951 Porsche 356 Pre-A 1300, $792,208
- 1937 Hispano-Suiza J12 Gurney Nutting, $788,684
- 1937 Horch 853 Sport cabriolet, $774,074
- 1997 RUF CTR-2, $701,069
(Prices include buyer’s fees.)
Of those top-10 sales, Artcurial reported that five were purchased by European collectors, including the Atalante coupe; three by Americans; and two by “International” collectors, including the FXX and ’54 Maserati.
Artcurial’s next motorcar sale is its Automobiles sur les Champs XII scheduled for April 8.