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Paris auctions 2015 – results and analysis

By Edward Legge | Classic car auctions & analysis | 1 Comments

We’ve seen an extraordinary few days of auction action in Paris.

What a week. The highlight was undoubtedly the auction of the Baillon Collection – “the barn find of the century” – which provided great entertainment and some amazing results. We’ve excluded them from this analysis but you can read our thoughts on the sale on our Goodwood blog. The Ferrari 250 SWB California sold for EUD 14.2 million + premium.

 

In summary, estimates have softened since Scottsdale with Artcurial offering the most conservative predictions, which are reflected in their overall statistical success. This hasn’t turned the increasing tide of cars that are selling under estimate though, and Paris looked like a good place to go and pick up a bargain (relative to some of the prices we saw 6-12 months ago). The cars offered also lacked the depth of quality and desirability that we saw at Scottsdale which will certainly have had an impact on the overall picture. The good news is that prices are still strong but it is the best cars that are making the real money and we did begin to wonder if good stock  will become an issue for auction houses if they continue to bombard us with these volumes of motor cars.

 

Yet again we saw a high value Porsche 911 Carrera 2.7 RS fail to sell and a a less prized example get snapped up “cheap” – just making bottom estimate at £340,000 + premium. The Ferrari Testarossas continue its ascent as did Fiat Dino spiders of which some examples are firmly into six figure territory. Aston Martin DB values look to be stable with two open-top version selling well.

Fiat Dino Spider

We’d award Artcurial man-of-the-match for a fine performance as they managed to take RM on at their own flambouyant game. Bonhams, who are usually very steady and quietly put in very strong performances didn’t quite find their rythm in Paris but with 15 more automotive auctions to come this year we’re sure they’ll find it.

 

Bonhams

Total lots 145
Sold lots 109 75.17%
Unsold lots 36 24.83%
Sold over estimate 9 6.21%
Sold under estimate 70 48.28%
Sold in lower half of estimate 18 12.41%
Sold in upper half of estimate 12 8.28%
Sold in lower half of estimate or below 88 60.69%
Sold in upper half of estimate or above 21 14.48%
Sold at median estimate 0 0.00%
Sold within estimate – ACCURACY 30 20.69%

 

A  DAP kart  previously race by Ayrton Senna  nearly doubled its estimate – £

Bargain Bugs – Bugatti Type 37  sold for £170,000 + premium (estimate £260-340,000 and a Bugatti Type 57 sold for £284,000 + premium against an estimate of £290-360,000

A Porsche 964 RS sold for £180,000 inc premium – lets see if it turns up at a UK dealer.

Ferrari 250 GTE sold for £187,000 + premium  (estimate £190-260,000)

Ferrari FXX – another of Ferrari’s track based toys failed to sell, surely someone will pick up a bargain on one of these sometime soon.

Click here for full results and heatmap

 

RM

Total lots 67
Sold lots 54 80.60%
Unsold lots 13 19.40%
Sold over estimate 7 10.45%
Sold under estimate 25 37.31%
Sold in lower half of estimate 9 13.43%
Sold in upper half of estimate 10 14.93%
Sold in lower half of estimate or below 34 50.75%
Sold in upper half of estimate or above 17 25.37%
Sold at median estimate 3 4.48%
Sold within estimate – ACCURACY 22 32.84%
A low mileage Testarossa went cheap (we thought) at £126,000 inc premium
RM Auction PAris 2015 Ferrari Testarossa
A Lancia Stratos went to DK Engineering for £ 290,000 inc premium


A RHD Lamborghini Countach LP400 didn’t find a buyer in the £950,000+ zone

Lamborghini Countach LP400 RM Auction Paris 2015

Maserati Ghibli Spyder sold short of a lower estimate of £412,500 reaching a high bid of  £370,000

A Ferrari 250 Lusso made a shade over a million on the hammer nearly £200,000 short of lower estimate.

 

Lancia 037 Stradale made £225,000 on the hammer against a high estimate of £187,500

Ferrari 250 GTE sold for £190,000 inc premium

 

All three Astons made into or over estimate

 

Neither of the big ticket Porsche 911s – a 2.7 RS Lightweight and an ex-works 911S  both with top estimates around the £1 million mark – found buyers

Click here for full results and heatmap

 

Artcurial – (excluding Baillon Collection)

 

Total lots 117
Sold lots 96 82.05%
Unsold lots 21 17.95%
Sold over estimate 31 26.50%
Sold under estimate 26 22.22%
Sold in lower half of estimate 15 12.82%
Sold in upper half of estimate 22 18.80%
Sold in lower half of estimate or below 41 35.04%
Sold in upper half of estimate or above 53 45.30%
Sold at median estimate 2 1.71%
Sold within estimate – ACCURACY 39 33.33%

 

A Testarossa with rerasonable mileage sold well at £150,000 inc premium

A Ferrari 356 GTB sold for a very strong £362,000 including premium. Their rise continues.

Ferrari 365 GTBl

Less high profile Lamborghinis did well with a Jarama, an Islero and an Espada making £85,000/ £217,500/ £138,000 respectively.

One lucky buyer snapped up a 2000km Ferrari 599 GTO for £331,000 – good value in this market

Ferrari 599 GTO

If you were wondering where you could find an Alfa Romeo Montreal – this one sold for £80,460

Alfa Romeo Montreal Artcurial

A rather tatty looking Ferrari 308 “Polyester” – fibreglass in English- still found £116,000 inc premium

Ferrari 308 Artcurial Polyester

 

Click here for full results and heatmap

 

[Images courtesy of Bonhams, RM Auctions, Artcurial and YouTube]

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