Titanic Bidding for Sunken Bugatti at Bonhams Retromobile Sale

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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 underbidder – 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