1972 Matra MS 670

Artcurial Parisienne 2021
Friday, 5 February
$6,782,926
Sale Price
$4.8M - $9.0M
Est. Range
Yes
Reserve
5 February 2021
Sold Date
5
Lot Number
#3+
Competition restoration
Artcurial
Auction House
Chassis no. 67001; Engine no. MS7620. Blue, lime green. MS76 Matra V12, Porsche transaxle, black alloy wheels, Avon tires, full width rollbar, Marchal lights, Moto-Lita leather rim steering wheel.

Evaluation: Winner of the Le Mans 24 Hours in 1972 driven by Henri Pescarolo and Graham Hill. Raced in the 1973 World Championship with a win at the Zeltweg 1000 km driven by Pescarolo and Larrousse. 1973 nose and Le Mans long tail. Restored in 2008 by EPAF, updated in 2020 and now offered by Matra to settle a court judgment of some €4.2 million in favor of former workers at Matra’s Romorantin factory.

Spare Le Mans 1973 engine and Porsche gearbox fitted. Scratched up steering wheel, wrinkled seat cushion, display car paint, orderly engine compartment and chassis, shown running well recently. The underlying Matra MS 670 is the 1972 Le Mans winning chassis but much of the rest is assembled from various Matra parts, bodywork and spares. Even the racing number and livery displayed are from Zeltweg in 1973. 20 percent VAT added to the successful hammer bid and the Buyer’s Premium based upon the hammer bid plus VAT for an EU private (non-dealer) purchaser.

Bottom Line: The mixed origins of the bits making up this Matra, not to mention the mixed origins of its livery, are qualifications that seemed to have little effect upon the bidders at Artcurial. Bidding was slow and measured, moving in €50,000 increments from €4.1M and solely on the phones.

The opportunity to own an outright Le Mans winner is never to be dismissed lightly, particularly one that has never left the hands of its builder and entrant. The fact that this is a French Le Mans winner at a Parisienne auction only heightened the allure. Woe, however, to an EU buyer for whom the transaction is painfully expensive: €5 million hammer plus €1 million VAT plus an effective 12.6% commission, a total of €6,756,000 ($8.1 million) plus 20% VAT on the €756,000 commission. Artcurial quotes the all-in price (“to join a private collection”) including taxes at €6,907,200—$8,312,815 using the exchange rate in this report— confirming sale to an EU buyer with the heavy VAT burden. But if you want it (and two people really did) this is what it took to own it.

by Rick Carey
12 February 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.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.