1938 Peugeot 402

Darl'Mat Roadster, body by Pourtout
Bonhams Les Grandes Marques du Monde 2021
Wednesday, 3 March - Wednesday, 10 March 2021
€280,000 ($333,200)
Not sold at a high bid of
€350,000 - €550,000
Est. Range
Lot Number
Visually maintained, largely original
Auction House
Chassis no. 400233. Blue with tan cloth top over red leather. LHD, 2.0-liter four, Cotal pre-selector gearbox, hub caps, dual mirrors, fender skirts, suicide doors, Jaeger gauges, spare, period stopwatches.

Evaluation: Represented as one of 30 surviving Peugeot Darl’Mats of all types (roadsters, convertibles, coupes). Original chassis, body frame, and body. Build in 1938 but not registered until 1940. €50,000 worth of work since 2012.

Presentable older repaint. Dull grille and brightwork. Pitting on the hub caps. Light general age to the retrimmed interior with some discoloration on the carpets and door panels. The dash, gauges, and steering wheel look original. Fuel stains on the carbs and manifold but the engine bay is mostly clean. No photos of the underbody. The Georges Paulin-penned shape is striking in any condition. With lots of money recently spent on the mechanicals combined with its presentable cosmetics, this would make an ideal event or tour car.

Bottom Line: The current owner bought this Peugeot at Artcurial’s 2012 Le Mans Classic auction for €321,667 ($395,104 at the time). It needed engine work, which it has since received. That explains the higher estimate this time around, but the seller wasn’t rewarded for the time or money spent. It deserves at least as much as it brought in 2012, and might just get it elsewhere.

by Andrew Newton
17 March 2021
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