Louis XVI (1774-1791) Louis d'or aux écus accolés Av/ LUD.XVI.DG.FR.ET. NAV.REX. Bare head of the king on the left. Duvivier on edge of neck. Rv/ CHRS. REGN.VINC.IMPER 1786A 1st semester Accolated shields of France and Navarre below a crown. 7g54 (P.Th. 7g64) Under the tolerance weight of 7g62 Slight wear from use but weak strike on the right and slight decentering otherwise VG. Rèf Clairand 35 005

Composed of several subsidiaries, the Drouot Group is a major player in the art market. Hôtel Drouot, located in the heart of Paris, has been the world's largest public auction center since 1852. 15 salerooms are available to more than 70 auction houses. The emulation generated by an annual offer of 230,000 artworks from 21 major specialities - from Antiquity to street art - attracts some 3,000 visitors every day. The Group's digital platform, Drouot.com, offers digital sales - Live auctions (live broadcasting and participation in auctions), Online-only auctions (dematerialised auctions) and Buy Now sales (sales of lots at fixed prices). Nearly 2 million items are offered annually by 600 auction houses. Auction news is reported every week in La Gazette Drouot, the leading weekly magazine for the art market and culture published by Auctionspress.