The 1937 Talbot-Lago T150-C SS 'Goutte d’Eau' Coupé. Courtesy RM Sotheby's
The 1937 Talbot-Lago T150-C SS 'Goutte d’Eau' Coupé. Courtesy RM Sotheby's

What makes this 1937 Talbot worth more than Dh13 million?



The car claimed a price of Dh13.782 million at auction. Here’s what makes it such a stunning piece of automotive history

Whether or not you are a car aficionado, you’ll probably agree that the 1937 Talbot-Lago T150-C SS Goutte d’Eau Coupé by Figoni and Falaschi is a thing of considerable beauty. Its sweeping, sculptural lines created a silhouette known as “goutte d’eau”, which translates from the French as “drop of water” – or the more poetic “teardrop”.

Talbot was a London-headquartered automotive company founded in the early 1900s. Although it has now been defunct for a number of decades, it was responsible for creating some truly iconic cars in its time. This vehicle was produced in the 1930s, at a time when it was common for bodywork to be outsourced to professional coachbuilders. This specific model was crafted by the French master craftsman Giuseppe Figoni, along with his Italian partner Ovidio Falaschi.

The 1937 Talbot-Lago T150-C SS Goutte d’Eau Coupé by Figoni and Falaschi has won countless accolades in its time. Most recently, it received The Peninsula Classics Best of the Best Award 2016, which is among the top automotive awards.

The aesthetic is heavily influenced by aircraft design. This is one of only two examples where the car has fully enclosed front fenders – a feature more often seen on Delahaye designs of the time.

This car – chassis number 90110 – left Talbot on November 25, 1937, and, like many exceptional vehicles, was hidden away during the war years, although it is probable that it sustained some damage in the process. In 1946, the car appeared on the books of the famous coachbuilder Hermann Graber in Wichtrach, Switzerland. Its owner at the time, an H Frey from the Swiss village of Wengen, had commissioned a new convertible body for the chassis, in keeping with the popular post-war style. However, the original chassis, engine and drivetrain were retained.

In 2000, its former owner decided to restore the car to its original, enclosed Figoni and Falaschi configuration. Auto Classique Touraine in Tours, France, was commissioned to do the work, and it took close to three years to complete the painstaking recreation of the coupé’s original, fully enclosed teardrop coachwork.

The car, which has had only three owners in the past 71 years, was sold at auction on May 27 as part of the Sotheby’s Villa Erba sale, which has been held on the shores of Lake Como every two years since 2011. The event is held in partnership with the revered Concorso d’Eleganza Villa d’Este. The car was estimated to fetch between €3.2 million and €3.8m (up to Dh15.5m) and ended up selling for €3,360,000.

Read this and more stories in Luxury magazine, out with The National on Thursday, June 15.

sdenman@thenational.ae

SPECS

Engine: 2-litre 4-cylinder turbo
Power: 268hp
Torque: 380Nm
Price: From Dh208,000
On sale: Now

Intercontinental Cup

Namibia v UAE Saturday Sep 16-Tuesday Sep 19

Table 1 Ireland, 89 points; 2 Afghanistan, 81; 3 Netherlands, 52; 4 Papua New Guinea, 40; 5 Hong Kong, 39; 6 Scotland, 37; 7 UAE, 27; 8 Namibia, 27

if you go

The flights

Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.

The hotels

Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.

When to visit

March-May and September-November

Visas

Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.

UAE currency: the story behind the money in your pockets
Super 30

Produced: Sajid Nadiadwala and Phantom Productions
Directed: Vikas Bahl
Cast: Hrithik Roshan, Pankaj Tripathi, Aditya Srivastav, Mrinal Thakur
Rating: 3.5 /5

COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures

Uefa Champions League play-off

First leg: Wednesday, 11pm (UAE)
Ajax v Dynamo Kiev

Second leg: Tuesday, August 28, 11pm (UAE)
Dynamo Kiev v Ajax

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Fixture and table

UAE finals day: Friday, April 13 at Rugby Park, Dubai Sports City

  • 3pm, UAE Conference: Dubai Tigers v Sharjah Wanderers
  • 6.30pm, UAE Premiership: Dubai Exiles v Abu Dhabi Harlequins

 

UAE Premiership – final standings

  1. Dubai Exiles
  2. Abu Dhabi Harlequins
  3. Jebel Ali Dragons
  4. Dubai Hurricanes
  5. Dubai Sports City Eagles
  6. Abu Dhabi Saracens