Bugatti Type 22 smashes auction estimate
29 January 2010

This Bugatti Type 22 has been sold at auction for £228,000 - despite spending the last 70 years under the surface of Lake Maggiore in northern Italy.

The car, which had a 30bhp 1.5-litre four-cylinder engine and an advanced multi-valve cylinder head, was first registered in 1925 in Paris, before being unofficially imported to Switzerland by a young architect.

With the Swiss government demanding import duty and the then out-dated car being all but worthless, the cheapest solution was for the car to be pushed into the lake.

Local divers discovered the wreck in the 1960s, 53 metres below the surface and embalmed in mud.

Last year, a salvage team recovered the Bugatti, revealing one side in much better condition than the other as the lake’s mud had helped to preserve it.

The Bugatti was then auction in the Retromobile Auction, fetching £228,000 - £160,000 more than the highest estimate. The winning bidder plans to display the car in its current condition.

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Comments
15

26 January 2010

If I was a billionaire Id happily buy that as a piece of art... beats anything by Tracy Emin!

currently a happy owner of a Mitsubishi Shogun Pinin :)

26 January 2010

I thought they were refering to this unfortunate example. Looks like Buggattis take to lakes like ducks to water.

http://www.youtube.com/watch?v=4NJmB1F2mdE

26 January 2010

Well, well, well; an Italian automobile that didn't rust completely!

Where has all Japanese design went to?

26 January 2010

Ettoire Bugatti was an Italian emigrant who built cars in Molsheim, Alsace near the French/German border. I beg to suggest the steel used to build them came from Germany ... ;o)

26 January 2010

[quote Zeddy]Well, well, well; an Italian automobile that didn't rust completely!
[/quote]

Er, wasn't Bugatti a French company? As far as I know, it was only when the brand was revived in the early 1990s to build the EB110 that production moved to Italy. I believe that Volkswagen built a new factory in France, close to the original site, for the Veyron factory.

26 January 2010

well, well, well ...

still, i do not know which one is more pointless, this Bugatti for £228k or a new 500 full of personalized optional crap...

anyway, I know wich one is cheaper!

26 January 2010

bit of hammerite, some welding rods, wd40, turtle wax .......

www.KOOOLcr.com

 

26 January 2010

[quote disco.stu]Er, wasn't Bugatti a French company?[/quote]

I crave your pardon, disco.stu.

I foolishly made the assumption; you know; spaghetti/Bugatti.

I will get my coat.

Where has all Japanese design went to?

26 January 2010

[quote 38carssofar]Ettoire Bugatti was an Italian emigrant who built cars in Molsheim, Alsace near the French/German border. I beg to suggest the steel used to build them came from Germany[/quote]

When he started building cars, Molsheim was in Germany at the time. The border moved, not the town, following the end of WWI. It's a fascinating place. You can see the new Veyron factory, quite easily, from the road, and many cars, including Lambos and R8s parked around the place. The original building is now a museum (I think - never actually stopped there...should one day).

26 January 2010

i think the original racing vintage bugatti's were painted in french blue colours.

www.KOOOLcr.com

 

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