Art market Magazine March 2015

 
Paris, capital of collectors' cars 
Over three sales,…
Paris, capital of collectors' cars
Over three sales, the speciality took €87 million: a segment that clearly runs on gold!

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GAZETTE DROUOT INTERNATIONAL / AUCTION RESULTS

4 February / Place Vauban / RM Auctions
This week's multimillion-raising car marathon got off to a roaring start with the €19,353,750
(82% of lots) made by this sale, the second staged in France by RM Auctions, an American auction house specialising in high-end cars and recently partnered with Sotheby’s. Four racing cars crossed the million-euro threshold, with a 1963 model taking the lead at €1,624,000: a highly-coveted 1963 front-engine Ferrari, the 250 GT/L "Lusso" Berlinetta. Its last cosmetic overhaul was in the 1980s, but it benefits from having its original V12 engine. We can also mention another Ferrari: a 1990 F40, which changed hands for €1,050,000 with less than 1,200 km on the clock – some driven on a special track in the garage of the owner, who ran it like this for maintenance purposes. Worth noting: this is one of the manufacturer's legendary models: the last one scheduled by Enzo Ferrari.

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5 February / Grand Palais / Bonhams
Under the glass roof of the Grand Palais, bids spiralled for the collectors’ cars offered by Bonhams. The final result of €22 million set a new record in mainland Europe for the auction house. Three seven-figure results were recorded, the highest of which, €1,897,500, is a new world record for an Aston Martin DB5 cabriolet. Made in 1965, it is one of 39 original left-hand drive cars. Its original engine was recently renovated and its bodywork restored; both the interior and the hood retain their patina. It has only done 37,000 km since the day it was delivered to the heiress to the Boettcher fortune in the US.

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6 February / Salon Retromobile, Porte de Versailles / Artcurial-Briest-Poulian-F. Tajan
Artcurial had a real head start on its Parisian competitors, pocketing €46 million (89% of lots) from this car sale. Several world records were set, notably by a Maserati A6G 2000 Grand Sport from 1956 (€2,010,880) and a 1968 Bizzarini 5300 GT Strada (€1,244,400). Jacques Baillon's renowned collection of "barn finds" alone took €25.15 million, with six resounding seven-figure bids and nine new world records. The Baillon collection contained the most hotlycontested treasure, a 1961 Ferrari 250 GTB California Spider that belonged to both Gerard Blain and Alain Delon, which fetched €16,288,000: a new world record for the model. Only 37 were produced, and this is the only one in its original condition, untouched for 45 years. The original side indicator lights were even found in a box under the passenger seat: they were changed when Delon exported the car to the US. Sylvain Alliod

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Art Market Magazine March 2015
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