Looking back at the auction year with Adolfo Orsi Jr.
With the international auction houses’ gavels almost ready for their short winter slumber, the recently launched Classic Car Yearbook can reveal a total turnover of 1.2bn US dollars from September 2015 to the end of August 2016 – just 1.5% down on last year’s figure and, while the percentage of cars sold dropped from 78% to 72, more cars actually found new homes (4,044 plays 4,036). Other points to note include the significant reduction of pre-sale estimates on certain models and the burgeoning interest in modern classics, indicative of a new, younger generation of collectors entering the market. Both are telling of a slower but healthier and more sustainable market.
Artcurial retained its ‘Top Sale’ award from last year, with the 1957 Ferrari 335 S it sold in Paris in February for 32,075,000 euros, while the Ferrari marque itself – the undisputed honey of the collector-car world – counted for 30% of the total turnover, with 236 more examples offered this year than the 576 offered last year. For plenty more insight and expert analysis into the market, including the top-ten highest-selling cars from the 2015-2016 season and interesting details about how the auction world has evolved since 1993, a copy of Historica Selecta’s new Classic Car Yearbook is an essential addition to any collector’s coffee table this winter.
Photos: RM Sotheby's, Rémi Dargegen for Classic Driver © 2016