A classic Bugatti racing car that was bought for 60 pounds ( about 96 dollars U.S.) in 1950 has been sold at auction fro 430,000 pounds ( about 691,281 U.S. dollars). The 1924 type 35 Bugatti was found by Jack Perkins, from Rugby, Warwickshire, at a Nottinghamshire aerodrome and restored to racing condition.
One wonders how much it cost the owner to restore the vehicle. I imagine it would not be that cheap. The car raced at Indianapolis 500 in 1936 and the American National Championship races in 1938. Mr Perkins, who died in 1992, continued to race the single-seat car until June 1988 when he was 78.
Perkins' widow Jean put the Bugatti on display at the Haynes Motor Museum in Somerset, where it remained exhibited until December 2010.The vintage car was sold at Bonhams' annual auction at Goodwood Festival of Speed in West Sussex.
Another Bugatti at the auction - a 1926 Type 37 Monoposto - sold for £197,000 while a 1954 Aston Martin cabriolet, previously owned by British racing car driver Innes Ireland, sold for £606,500. The new owner of the Perkins' Bugatti was not identified.