Serge Foucher

Following last year's dispersal of the stock of the Marquesa de Moratalla, which brought record trade for this time of the year in Deauville, Arqana's February Sale returned to steadier levels on Tuesday. At €1,380,700, the aggregate was back around the 2018 mark, the 64% decline on last year's turnover showing just how big a difference a dispersal can make to a minor sale and how year-on-year comparisons can prove futile. The average of €11,568 and median €5,000 were both ahead of the corresponding figures from two years ago, but...