Classic cars fetch top dollar at auction
Retromobile auction in Paris bags a record R1.27bn from wealthy motor collectors
The classic-car investment market had a strong start to the year at the Rétromobile auctions held in Paris from February 5 to 9.
Official auction house Artcurial and RM-Sotheby’s — the world's biggest collectible car auctioneer — both achieved their highest sales totals to date at the annual classic auto show. The overall result, including Bonhams which dropped slightly from previous years, was reported as an all-time high auction total of over $90m (R1.27bn).
Artcurial revealed that its buyers came from 20 countries, indicating an international upswing in the prestige pre-owned market.
Here are some of the auction highlights: