Having revealed its Vision Gran Turismo in digital form a couple of weeks ago, Bugatti has rolled out the real thing at the Frankfurt Motor Show. While the show car on display at IFA won't be going anywhere under its own steam, the carbon-fiber racer does serve as a design language stepping stone between the Veyron and Bugatti's next super sports car offering.
It's not all that long ago, that a car selling at auction for more than the magical million dollar mark would bring a round of applause, recognizing the significance of the sale. The continuing rise in values of top tier collectible cars has now seen more than 1300 cars fetch more than a million dollars, with hundreds more sold each year and 2015 set for a new record. Less than a month after Monterey Car Week saw more than 80 "Million Dollar Cars" sell, a further 14 cars topped the magic million dollar mark across six auctions in eight days. Despite some forebodings that the collectible car market had finally "topped out", it appears that predictions of its demise were somewhat premature.
Bugatti has been teasing its Vision Gran Turismo video game car for several days now, inspiring some hope that the automaker would finally break from its decade-old Veyron styling and show something fresh. Sadly, its Vision Gran Turismo is less new design and more made-over Veyron. Still, when you start off with the level of performance the Veyron brings, you don't need to go too crazy to compete with 2,600-hp SRTs and laser-projected Chevys.
Supercar, hypercar, megacar ... whatever you want to call today's fastest, most powerful, most technologically advanced cars, they're in the midst of a very exciting evolution. New technologies and performance benchmarks are making these super-toys of the few and wealthy techier, faster and more fun to drive. Join us as we delve into the state of the modern supercar.
This July, we heard about how a group of aviation enthusiasts were building a flying replica of the radical Bugatti 100P racing aircraft. Named Reve Bleu (Blue Dream), it was undergoing taxi and engine testing at the time. This Wednesday in Tulsa, Oklahoma, however, it made its first flight – and did a nose-plant at the end.
The Monterey Car Week auctions have come and gone, and the analysts are still trying to sort through the numbers to figure out what they mean. There were more auctions and more cars presented this year than ever before, and the two biggest collectible car auction houses (RM Sotheby's and Gooding & Co.) grew sales considerably year-on-year, but the overall gross take for the combined auctions comes in within a few dollars of last year's record numbers. Like all those who ply the trade as buyers or sellers, the market appears stronger at the top end and slightly softer in the middle.
Monterey Car Week's auctions began on a positive note tonight when the Pinnacle Portfolio became the most valuable single owner car collection ever sold at auction. Sales from the 25-car auction totaled more than US$67 million, exceeding the previous record by nearly 25 percent. The top sellers were a 1964 Ferrari 250 LM, which sold for $17,600,000, and a 1998 McLaren F1 "LM-Specification", which sold for $13,750,000. Nearly half the cars in the collection set new world records for the models.
When we think of Bugatti, we generally think of classic sportscars like the T13 and modern day supercars such as the all-conquering Veyron. However, back in the late 1930s, Ettore Bugatti also set out to build racing aircraft. In 1937 he began construction on a radical machine that had a swept-forward wing design, a twin-V tailplane, and twin contra-rotating propellers powered by two Bugatti straight-eight engines. Unfortunately, the Second World War broke out just before the aircraft was completed and Bugatti had to flee Paris, taking his creation with him. Today a group of dedicated enthusiasts are recreating Bugatti's dream and building a replica that, unlike the original, will soon take to the skies.
Elite Paris-based auctioneer Artcurial staged the "barnfind" auction of the century earlier this year and has now pulled off another coup with the sale of a 1925 Bugatti Type 13 "Brescia", which had been hidden away in an abbey in Oigny, France since 1966. The T13 was Bugatti's first road car and began the marque's dominance of racing in spectacular fashion. History and full story.
Countless make and model records were broken at all three of the Amelia Island Concours elite collectible car auctions on the weekend, with a 1960 Ferrari 400 Superamerica SWB Cabriolet fetching US$6,380,000 and becoming one of the top 100 cars ever sold at auction, 23 cars selling for more than a million (RM-Sothebys 13, Gooding seven and Bonhams three), and $101 million worth of cars sold in three days. Testimony to the buoyancy of the market were the sell-through rates – Bonhams 78 percent, Gooding 89 percent and RM-Sotheby's 98 percent.