The Results of the Artcurial Auction at Le Mans Classic 2018

Disappointing results and no sales.

There were quite some rather interesting Porsches coming up for sale at the Artcurial Auction at the Le Mans 2018, as we reported before. We told the auction would be a great opportunity for collectors to acquire one of the Porsche 911 RS that would be auctioned. However, there seemed to be slow interest for the cars in the auction, and that was not only the case for the Porsches. Not a single one of the eye catchers in the auction was sold except for the 1963 Mercedes Benz 300Sl Roadster Alloy Block  that was sold for charity. The car was hammered at 2.710.000€. Same for the 2012 One-77 A series Aston Martin, with a high bid far below the estimates. And one of the 15 prototype 1969 Ferrari 365 GTB/4 Daytona Competizione Groupe 4 that was estimated to catch between 6.500.000€ and 7.500.00€ , froze at at price of 5.400.000€.

1994 Porsche 993 Cup-Sport
1994 Porsche 993 Cup-Sport

From all the Porsches that were actually sold, none of  them was hammered at a price above estimation. Most of the cars were sold below estimatation and some of them on the right side of the estimation. The question is : what is the reason for this? There are probably many reasons but I guess the booming market for the classic cars is over for a while now. And probably some of the estimations and seller’s expectations were on the rather high side. Because , at an event as Le Mans Classic where most classic car fans and collectors of the globe gather, more cars like the ones offered should be sold.

Results of the Porsches in the Le Mans Classic Artcurial Auction

Lot 33: 2002 Porsche 996 GT2  No bids
Lot 34 : 1973 Porsche 911 Carrera RS 2.7 High Bid  3500,000€ no sale
Lot 35 :  1994 Porsche 964 RSR 3.8 High Bid 680.000€ no sale
Lot 36 : 1973 Porsche 911S  Targa Result  120,000€ – 
Lot 42 : 1983 Porsche 911 SC Result 50,000€ lower estimate
Lot 47 : 1973 Porsche 911 Carrera RS 2.7 High Bid 400,000€ no sale
Lot 50 : 1973 Porsche 911 Carrera RS 2.7 High Bid 950,000€ no sale
Lot 62 : 2014 Porsche 991 Turbo S Result 112,000€ lower estimate
Lot 75 : 1992 Porsche 964 Turbo 3.3 Estimated 80,000€ – 120,000€
Lot 76 : 1995 Porsche 993 Turbo XLC 450HP High Bid 80,000€ no sale
Lot 77 : 1993 Porsche 993 Cup Sport High bid 132,000€ no sale
Lot 78 : 1991 Porsche 964 Carrera RS Result 130,000€ lower estimate
Lot 81 : 1964 Porsche 356SC Cabriolet Result 125.000€ 
Lot 86 : 2008 Porsche 997 GT3 RS Result 92,000€ lower estimate
Lot 99: 1976 Porsche 914 2.0l Result 24€ – 
Lot 101 : 1964 Porsche 356SC Cabriolet High bid 92€ no sale
Lot 104 : 1966 Porsche 911 2.0 Result 120,000€ – 
Lot 105 : 1970 Porsche 914/6 Result 70,000€ lower estimate
Lot 107 : 1972 Porsche 911 2.4S High bid 110,000€ no sale
Lot 111 : 1977 Porsche 911 2.8 RSR Recreation High bid 78,00€ no sale
Lot 117 : 1969 Porsche 911E Targa Soft Window High bid  90.000€ no sale

Pictures courtesy of Artcurial Auctions.