In the Garage News, Views, & Eve.. Rare Bugatti fetches $4.4 million at auction....
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Rare Bugatti fetches $4.4 million at auction. Was it worth it?
10 months ago  ::  Feb 16, 2009 - 10:08AM #11
Todd
Posts: 25

It seems lately I often share Biff's take that wild, rich buyers are ruining the hobby for the "little people", but I have to disagree on this one.  As possessions, a prewar Bugatti or other exotic Classic is more like a collector painting then as a car and has been for many years.  A multi million dollar car like this is bought like a painting and is thought of and treated like a work of art, it's function as a car is secondary to it's life as an investment and, essentially, a rolling sculpture.  


This car and purchase are so far above the rest of us that it is really irrelevant to any collector market we may be working with (unless Biff has a few million ready to spend that I am ignorant of, in that case I will stand corrected).  Actually, if you think about it, paintings are similar too, in that you can buy a regular painting that will decorate your wall for a few bucks, just as you can buy a car that will be more functional then a Bugatti for a fraction of the money.  The only reason either is worth so much?  Snob appeal and perception of beauty and art, all of which is hard to fathom unless we are in the market with our $4.4 million too. 


Now if this were another million dollar Hemi Cuda or $100,000 1957 Chevy then I agree that it is a little ridiculous, in that these are factory produced, blue collar sort of cars that were until recently attainable by regular guys like us.  Some may be trying to MAKE them be treated like a Bugatti, but it is really not the same IMO, the Classics and Exotics are different, like art.


      

10 months ago  ::  Feb 19, 2009 - 5:34PM #12
Pinto-Man
Posts: 6

Rarely does anybody really "spend" that kind of money for a car. They pony up that much to have it in their garage for a while, but then it changes hands again -- maybe for a little more money, maybe for a little less. It's sorta mind boggling when a rich guy writes out a check that big for a car, but I think we sometimes forget that a guy like that isn't "out" that much money for a rare car like that. He's just handing over a big pile of money so he can have the car for a while, then somebody else gets it and he gets his big pile of money back.


If he doesn't quite get what he paid for it, then he's just sort of "renting" it for a while. A car like that isn't really a very risky purchase, when you think about it. It's a pretty safe bet, all things considered.


I'm trying to convince my wife of this concept, with limited success.

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