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Coys sells Type 35 for £2.5m - Millions paid for Bugatti

  • 1928 Bugatti Type 35B - 0
  • Bugatti Type 35B at the 1929 Monaco Grand Prix - 1
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Coys claims £2.5m is a new record for Type 35 Bugatti

The recent £2.5m sale of a 1928 Bugatti Type 35B, is being claimed as the most expensive of its type by its London-based seller, Coys.

The car, which copmpeted in the first Monaco Grand Prix 1928 Type 35B, which competed in the first Monaco Grand Prix in 1929 is in original condition, with all of its original components still in place. The private sale, which saw the car pass from previous owner, the former Samsung chairman and billionaire Lee Kun-hee, completed recently, and the identity of its new owner is a closely guarded secret.

Chris Routledge, managing director of London-based Coys auctioneers, told The Daily Telegraph: "We believe it is the highest price paid for a Bugatti of this type – certainly in Britain and probably in the world. It is an extraordinary piece of engineering. When you open the bonnet it is like looking inside a Swiss watch. Apart from a few charming battle-scars it is exactly as it came out of the Bugatti factory. It still has all its original components and body work, which is highly unusual. It is very exciting to drive. It screams."

Prior to Mr Lee, previous owners over the past eight decades included the eccentric British car collector and pilot Hamish Moffat, who died in 2002 aged 71, and Swiss Baron Emmanuel 'Toulo' de Graffenried, who died in January 2007 aged 92.

Read the full story in the next issue of Octane, on sale October 29.

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