The Market

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Artcurial hits the beach: new St Tropez sale grosses €10.6m

Artcurial hits the beach: new St Tropez sale grosses €10.6m 30th June 2024

Over the last weekend of June, the Parisian firm headed south to offer 100 motor cars at the chic resort of the stars in the South of France. Just over two thirds found new owners.

At €881,600 all-in, the 1958 Mercedes-Benz 300 SL Roadster (€800k to €1.1m) delivered new to Havana came out top on a subdued day of trading where over 60 per cent of the cars sold failed to meet low estimate. The white-with-red car was in its original colours, but “the engine has its original matching numbers… but it seems to have been re-stamped on the engine block at an unknown date; [Artcurial] therefore cannot confirm if this is the one fitted to the original car.”

Much of the catalogue was devoted to more modern Mercedes – AMGs in particular – including a 2006 SLR McLaren 722 Edition coupé that was bought under low estimate for €498,800. A 1997 SL 70 AMG Hardtop achieved €220,400. The odometer reads 60,654km and the car, delivered new to Japan, is believed to actually have left Germany with a larger engine, in effect an ‘SL 72’. Est. €150k to €200k. RM sold a rarer (only 85 built) SL 73 with a Pagani-spec engine and fewer than 35,000km recorded for $610,000 in Miami earlier this year.    

Neither the 2010 Ferrari 599 GTO nor the 2015 Porsche 918 Spyder found new owners on the day.

The 1973 Porsche 911 Carrera 2.7 RS Touring modified beyond recognition to a 2.8 RS Lightweight racer complete with non-original engine sold surprisingly well for €324,800. A 1972 Ferrari Dino 246 GT (€270k to €330k) went for €280,720. Described as a “car serviced to drive”, the North American-spec Dino benefited from an interesting colour combination of Blu Chiaro Metallizzato with a red leather interior and was delivered new with optional electric windows and air conditioning. The odometer read 70,500 miles. Around $300k? Probably the right price.

All prices include buyer’s premium of 16% for under €900,000 lots.

Artcurial in St Tropez, 29 June 2024 – results

Gross: € 10,628,175
Number of cars not sold: 34
Number of cars withdrawn: 1
Total number of cars: 100
Number sold: 66
Percentage cars sold by number: 66%
Percentage by value average low/high estimate: 43%
Percentage of cars sold below low estimate: 62%
Percentage of cars sold not met avge of estimates: 85%
Percentage of cars sold met/exceeded top estimate: 3%
Average year of cars offered: 1988
Average price of cars sold: €161,033
Percentage of cars offered at No Reserve: 35%

Photo by Artcurial