"1925 Bugatti Brescia, Chassis no. 2461 Engine no. 879". Photo: Courtesy Bonhams

PARIS.-The Bugatti Type 22 that had lain submerged 53 metres below the surface of Lake Maggiore for over 70 years had attracted much pre-sale publicity. A number of telephone bidders sparred against those in the room. The winning bidder - a European collector representing the Peter  Mullin Collection in California - will show the car in its present condition in his museum, whereas the under bidder - an American - had intended to restore the car.

The Andalusian Collection from Spain fetched €3,175,000 with 20 out of 27 motor cars selling - a sale rate of 74%.

A packed saleroom, surrounded by the cars on offer, witnessed over70% of the lots on offer sell for a premium inclusive €6.72m total. A sone would expect, a truly international audience participated in the room and from the large bank of telephone bidders. With the Euro
remaining strong against UK Sterling, the Euro  zone currencies were generally victorious. However, the USA played a prominent part too, and a number of valuable cars are now destined for North America.

The auto mobilia section always delivers a surprise and lot 49 - a pair of period Rolls-Royce Bookends - sold for €19,225, some 10 times  the pre-sale estimate.

James Knight, Group Head of Bonhams’ Motoring department commented:“I am pleased that Bonhams have delivered another good sale at Rétromobile. The partnership of both the Bonhams and Rétromobile organisations ensured we can present a world class auction for a world class event. The Lake Maggiore Bugatti was a tremendous result and I am pleased it has gone to a good home where it will be displayed in its present form. By the time the sale finished we had achieved a succes srate of over 70%. With any auction there is always selective bidding,and there were one or two disappointments, but demand is very much in evidence for prime examples - whatever age, style and value.”

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Blogalaxia cars Bugatti+Brescia Lake+Maggiore Rétromobile organisations Bonhams The Bugatti Type 22 auction Paris
cars Bugatti Brescia Bugatti Type 22 Lake Maggiore Rétromobile Bonhams auction Paris