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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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.