Bugatti just sold its last purely gas-powered car for more than $10 million
, 2023-02-01 16:31:00,
Bugatti sold its last purely gas-powered supercar at a Paris auction Wednesday for more than $10 million, setting a world auction record for a new car.
Originally a special development model that was never intended to be sold, the one-of-a-kind Bugatti Chiron Profilée sold at RM Paris collector car auction for a bid of $9.5 million. With fees paid to the auction house, the final selling price was about $10.7 million.
The price was far above the $4.5 million to $6 million RM Sotheby’s had estimated the car to be worth. The eight-figure price eclipses previous auction sales of new cars, according to Hagerty, a company that tracks the collector car market. (But, privately, a trio of new bespoke, highly customized, Rolls Royces sold in 2021 at about $25 million apiece.) The previous record for a new car sold at auction had been a Ferrari LaFerrari Aperta, an open-topped hybrid supercar that sold for €8.3 million — about $9 million at today’s exchange rates — in 2017, at another RM Sotheby’s. The proceeds of that sale went to charity, though, a factor that tends to result in much higher sale prices.
Bidding for this gleaming blue supercar went so high because it is unique and, in cases like this, collectors “bid knowing they won’t get a second chance,” said John Wiley, manager of valuation and analytics at Hagerty.
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