Sunken 70yr Old Bugatti fetches £228,000!!
25 January 2010, 05:13 PM
#1
Sunken 70yr Old Bugatti fetches £228,000!!
An ultra-rare Bugatti had been raised from the bottom of a lake in Italy and, despite its decrepit state, was due to be auctioned. It was estimated that the Type 22 Roadster could fetch up to £80,000, but this weekend (January 23) the car smashed expectations by attracting a winning bid nearly three times as much.
In Paris, the Bugatti was lot number 250 in the prestigious Rétromobile Salon, held in Porte de Versailles. A staggering €260,500 (about £228,000) was secured for the car, which is estimated to require 80 percent restoration - having been under water for 70 years.
That huge sum of money isn't going to a rich seller either; it's going to a worthy cause in the form of the Fondazione Damiano Tamagni, named after a young Italian diver who was attacked and then tragically died. The foundation was set up to address juvenile violence and the Bugatti was raised from the deep by local dive club members in conjunction with Tamagni's father.
In Paris, the Bugatti was lot number 250 in the prestigious Rétromobile Salon, held in Porte de Versailles. A staggering €260,500 (about £228,000) was secured for the car, which is estimated to require 80 percent restoration - having been under water for 70 years.
That huge sum of money isn't going to a rich seller either; it's going to a worthy cause in the form of the Fondazione Damiano Tamagni, named after a young Italian diver who was attacked and then tragically died. The foundation was set up to address juvenile violence and the Bugatti was raised from the deep by local dive club members in conjunction with Tamagni's father.
25 January 2010, 05:16 PM
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25 January 2010, 05:23 PM
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[quote=dan83590;9180380]Bugatti Brescia Type 22 Roadster Pictures: 1925 Bugatti Brescia Type 22 Roadster - 73 Years at the Bottom of a Swiss Lake - Video
Top work on the pics dude! I cannot believe a car in that condition is worth so much dosh !! I could do with finding one of those in the lock-up!
Top work on the pics dude! I cannot believe a car in that condition is worth so much dosh !! I could do with finding one of those in the lock-up!
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