Last month Nigel Matthews wrote about the 1937 Bugatti Type 57 Atalante “SC” that was discovered in a lock-up garage in the north of England, having been parked by it owner eccentric owner some 47 years ago. Most old cars sitting on a concrete floor surrounded by a wood frame garage and damp air and moisture suffer from aging and decaying tires, corrosion, or in this case electrolysis, and dried out engine seals, not to mention a plummeting market value. The Bugatti that Bonham’s sold on behalf of Dr Carr’s nephews and nieces, the beneficiaries of his estate, on Feb 7th in Paris sold for an astounding 3,417,500 ($4.4 million US dollars, including the buyer’s premium)
Considering RM auctions of Blenheim, Ontario only managed to attract a high bid of $4.5 million for an almost identical, fully restored car, makes the sale of the ex-Earl Howe car even more astounding. The car’s discovery has been brought to the attention of the Pebble Beach Concours d’Elegance selection committee, and they have openly granted the car a fully transferable entry into the pre-war preservation class of their 2009 event. The Bugatti engine has not been fired up for since it was parked 47 years ago. It will require a delicate stripping and rebuilding, before the new owner will have the pleasure of firing it up and hearing the sound of the turbine that excited the first owner Earl Howe, when he collected this car from Sorel in 1937. Hopefully the new owner will accept the invitation and present the car on the world’s most famous stage, the 18th fairway of the Pebble Beach links during the third weekend of August this year. If they do, Nigel will be there to document and photograph the event.
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