Sunday, July 3, 2011

£60 Bugatti set to sell for £500,000

£60 car to 

fetch £500,000

Bugatti beauty ... the motor today
Bugatti beauty ... the motor today

A REVAMPED old motor bought by an enthusiast for just £60 is expected to sell for a staggering £500,000.

Engineer Jack Perkins discovered the beaten-up 1925 Bugatti back in 1950.
It had been stored at an aerodrome in Nottingham where staff took it out for joy rides.
Jack snapped it up for £60 - £1,300 in today's money - and vowed to return it to its former glory and make it the fastest Bugatti of its type.
He then sourced a 2.3 litre original Type 35 engine and got other parts direct from Bugatti.
It was a labour of love for what Autocar magazine called "the most beautiful racing car of the 1920s, if not all time".
Jack, who was boss of a drill-making firm in Rugby, Warwicks, raced the car regularly.
Race ... Jack Perkins takes the Bugatti out for a spin in the 1950s
Race ... Jack Perkins takes the Bugatti out for a spin in the 1950s

He died in 1992 aged 82 and his widow Jean displayed it at the Haynes Motor Museum in Somerset until the family decided to put it up for sale.
It has a guide price of £450-£500,000 ahead of this weekend's auction by Bonhams at the Goodwood Festival of Speed in West Sussex.
A Bonhams spokesman said: "This example represents an exciting opportunity to acquire a Type 35 in the model's ultimate, supercharged configuration."

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