• Jul 26th 2007 at 7:54PM
  • 26

Click image for photo gallery of the Bugatti in Greenwich

Don't go quoting us on this, but this has got to be one of the most expensive barn finds we've ever seen. Christie's sold this 1938 Bugatti for a staggering $852,500 at the Greenwich Concours d'Elegance earlier this summer, more than twice the highest pre-sale estimate and close to the price of a new Bugatti.

The car was admitted to the Pebble Beach preservation class, and when its new owner gets it up to spec, it'll undoubtedly be the beauty it once was. The 1938 Type 57C you see here is actually a bit of an amalgamation of two Bugattis that were both owned by the same pre-war collector. The chassis itself belonged to a Type 57 Stelvio cabriolet with bodywork by Gangloff, a coachbuilder based in Colmar near the Bugatti factory in Molsheim in the French region of Alsace. In time for display at the French pavilion at the 1939 World's Fair in New York, the body was switched for that of the Type 57C Atalante (not to be confused with the more rare and iconic Atlantic).

Now of course there's value in classics, but as far as vintage motorcarriages go, this one's in pretty bad shape. Having sat in storage since 1962, the paint is chipped and faded, the chrome is rusty, the tires are history, the engine's grimy and the leather is worn out. A handyman's dream, let's call it. An $850k handyman's dream.

[Source: AutoWeek, Photos: Alex Nunez]

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    • 1 Second Ago
      MR RICH
      • 8 Years Ago

      • 8 Years Ago
      I can't comment on the price, but it is a complete car with only cosmetic problems.
      • 8 Years Ago
      I saw this Bugatti when it was sold for $852,500 two months ago and it is wasn't rusty.

      You've posted much more expensive barn finds on Autloblog, seach 166 MM.

      • 8 Years Ago
      That will be a sharpp classic when its done being rebuilt.

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      • 8 Years Ago
      i wouldn't give you fifty cents for it. no car is worth a million dollars, i don't care who drove it or how many were made.
      • 8 Years Ago
      I saw this Bugatti when it was sold for $852,500 two months ago and it wasn't rusty I mean.

      Mike B .
      • 8 Years Ago
      In the late '50's, I worked for a Volkswagen dealer on the main line outside phila. I'm probably wrong, but it looks like the one he had stored in a garage in bryn mawr.
      • 8 Years Ago
      Old cars (llke many things in life) can ONLY have an established value when somebody is willing to buy them. Whomever decided to pay this enormous amount for this vehicle obvioulsy not only can afford it, but intends, I am sure, to make a substantial profit at it. who can argue with that?
      • 8 Years Ago
      > pretty bad shape

      Huh? You've never seen bad shape. Of course it will need work, but it's complete and seems to be in very reasonable condition. It's a 70 year old car for crying out loud, and you're worried about faded piant and worn leather??? They don't all look like those at Pebble Beach and they aren't supposed to. Let's hope the new owner doesn't turn this one into one of those overrestored caricatures...
        • 8 Years Ago
        It's in better condition than my '72 Opel GT, that's for sure...
      • 8 Years Ago
      Who ever got it will be expecting more then double on the return.
      • 8 Years Ago
      Looks like an extremely easy restoretion to me ! Everything's there and in good shape. More like a couple of week-ends. Can't imagine worrying about finding parts.
        • 8 Years Ago
        I am sure it is worth the money since it is probably the only one like
        it in the world. It is also not in that bad of shape and the body
        style is awesome. It was no doubt an awesome car back during it's
        day and could look awesome restored today.
      • 8 Years Ago
      gsta self-drive
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