Turnover: 523 million EUR (2021)
Country: France
Hôtel Drouot is a major auction house in Paris, known for fine art, antiques and antiquities. It comprises 16 rooms housing 70 independent auction houses, which operate under the Drouot umbrella. The company's main site, called Drouot-Richelieu, is located on rue Drouot in the 9th arrondissement of Paris, on a site formerly occupied by the Salle Le Peletier at the Paris Opera. The nearest metro station is Richelieu - Drouot.
Other sites include Drouot-Montaigne, Drouot-Montmartre and Drouot-Véhicules. Details of upcoming sales are published in Hôtel Drouot's weekly Gazette, sold on newsstands and by subscription. Hôtel Drouot ranks fifth among Parisian auction houses in terms of sales revenue, after Sotheby's, Christie's, Artcurial and Ader-Picard-Tajan.
News
Drouot.com emancipates itself from the auction house 18/03/2024
Proceeds auctioned to Internet users in 2023: 344 million euros, representing a 3.5-fold increase in 4 years.
- Online sales in 2023: - 1,400 auctions.
- - Number of registered bidders 290,000.
- - Goods sold : 204,000 lots.
Customer base:
- - average age of Drouot.com account holders 45.
- - Share of professional buyers down from 31% to 23%, in favor of private buyers.
- - 58% of buyers come from France, with strong representation from the USA, UK and Belgium.
Expansion of the platform:
- - 785 homes for sale by 2023, representing a two-fold increase in 4 years.
- - One in three sales by a foreign player.
- - 170 European houses, excluding France and Belgium, conducted 1,800 sales in 2023.
- - Nearly 60 houses operating outside the European Union, from around ten countries.
Competition:
- - Interenchères saw its live and online art sales increase by 5%, totaling 248 million euros.
- - Drouot.com faces several international competitors, including Lot-Tissimo in Germany and The Saleroom in England.
Drouot: Vesper Invest becomes a shareholder 10/07/2023
- Drouot: 110 auctioneers shareholders, 70 auction houses
- Vesper Investissement takes a 30% stake in Drouot
- Drouot Patrimoine takes over Drouot Digital, La Gazette Drouot, Drouot Logistique, Drouot Immobilier and the auction house with the largest number of rooms in the world (15)
- Drouot valuation: 20.4 million euros
- Groupe Drouot achieved total sales of 338 million euros for the half-year, up 14% on 2022.
Financial Data
DUNS: 529219776
Legal Name: DROUOT ENCHERE
Address: 9 RUE DROUOT , 75009 PARIS 9
Number of employees: Entre 20 et 49 salariés (2020)
Capital: 3 424 120 EUR
Financial Data:
| Year | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|
| Turnover | 4 657 095 | 9 863 792 | 10 225 688 | 11 077 201 | 11 366 626 | 11 127 965 | - |
| Gross margin (€) | 4 659 184 | 9 914 685 | 10 246 113 | 11 101 163 | 11 451 882 | 11 149 741 | - |
| EBITDA (€) | -2 236 277 | 158 735 | 172 785 | 650 059 | 541 614 | 10 433 | - |
| Operating profit (€) | -2 800 073 | -635 222 | -721 943 | -251 975 | -323 997 | -874 076 | - |
| Net profit (€) | -2 798 313 | -489 598 | -719 966 | -249 656 | 225 473 | -874 525 | - |
| Turnover growth rate (%) | -52,8 | -3,5 | -7,7 | -2,5 | 2,1 | - | - |
| Ebitda margin rate (%) | -48 | 1,6 | 1,7 | 5,9 | 4,8 | 0,1 | - |
| Operating margin rate (%) | -60,1 | -6,4 | -7,1 | -2,3 | -2,9 | -7,9 | - |
| Working Capital (turnover days) | 22,3 | -180,5 | -178,3 | -161,7 | -161,9 | -153,1 | - |
| Working Capital requirements (turnover days) | -24,2 | -1,1 | 1,2 | 3,3 | -0,5 | -2,8 | - |
| Net margin (%) | -60,1 | -5 | -7 | -2,3 | 2 | -7,9 | - |
| Added value / Turnover (%) | -1,9 | 31,8 | 31,2 | 32,5 | 28,7 | 25,3 | - |
| Wages and social charges (€) | 2 076 218 | 2 664 773 | 2 729 866 | 2 617 546 | 2 539 752 | 2 495 558 | - |
| Salaries / Turnover (%) | 44,6 | 27 | 26,7 | 23,6 | 22,3 | 22,4 | - |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président | Alexandre | Giquello | 54 | |
| Directeur général | Brice Marie | Badin | 45 |
Studies mentioning this company
The art photography market - France
Other companies mentioned:
- Christie’s
- Sotheby’s
- Piasa
- Millon & associés
- Drouot L’Hotel
- Tajan
- Aguttes
- Artsper
- ArtPhotoLimited
- KazoArt
- Catawiki
- Art Photo Limited (Myposter group)
- Smart Photo
- GAD collection
- La Galerie Rouge
- Almendra
- Artphotoby - Sophie Leiser Galerie
- Galerie Lumière des Roses
- Galerie Vu'
- La Galerie de l'Instant
- Lumas
- Yellowkorner
- Getty Images
The art dealer and gallery market - France
Other companies mentioned:
- Sotheby’s
- Christie’s
- Drouot L’Hotel
- Artcurial
- Piasa
- Aguttes
- Tajan
- Galerie Kamel Mennour
- Galerie Thaddaeus Ropac
- Galerie Vallois
- Iris Galerie
- Art Basel
- Galerie Perrotin
- Yellowkorner
- Galerie Karsten Greve
- KazoArt
- Millon & associés
- Mypoparts
- Daniel Templon Galerie
- EAC École Artistique et Culturelle
- Beaux Arts Magasine
- Bonhams
- Ceysson & Bénétière Galerie
The art auction market - France
Other companies mentioned:
- Christie’s
- Sotheby’s
- Artcurial
- Aguttes
- Millon & associés
- Tajan
- Piasa
- Pierre Bergé & Associés
- Interenchères
- Drouot L’Hotel
- Agorastore
- Bonhams
The market for second-hand watches - France
Other companies mentioned:
- Richemont Group
- Swatch Group
- Rolex
- Patek Philippe
- Audemars Piguet
- eBay
- Back Market
- Drouot L’Hotel
- Interenchères