JANUARY 2011: My Surface Interval named one of the best scuba diving blogs

Sunday, January 10, 2010

Bugatti found at bottom of lake after 70 years could fetch £80,000 in auction

It my look like a rust-bucket. But despite spending 70 years at the bottom of a lake, this one could fetch £80,000. For it is a rare 1925 touring Bugatti.

The car was pushed into Lake Maggiore by a frustrated tax official in 1936 after the owner abandoned it in Switzerland without paying the appropriate import tax.

It was re-discovered by a diver, Ugo Pillon, in 1967 over 160ft below the surface and was brought back up to the surface in last July by the club to raise money for a charity tackling juvenile violence.

It's believed that 20 per cent of the vehicle is salvageable and collectors and museums are said to be keen to buy it.

James Knight, from Bonhams auction house, said: "Sometimes we get cars that have been hidden in barns for years, but never have we had one that's spent 70 years at the bottom of a lake."

All money raised will go towards the Damiano Tamagni Foundation which is based in the town.
The sale is on January 23 at the Bonhams Retromobile sale in France.

The 1925 touring Type 22 Bugatti was built in Brescia in Italy. A small brass plate found on the car bears the name 'George Nielly, 48 Rue Nollet, Paris'. It was registered in his name in 1930.

1 comment:

John Sumner said...

Hi, mysurfaceinterval.blog was what I hit at and saw the car from a lake 160ft down after 70 years. I am a very long time diver: started spearfishing in 1954 and won Australian Teams Spearfishing Championship in 1962, with Brian Raison & Wal Gibbins. Wal was inducted into World Hall of Diving Fame in 2000. Both Brian and Wal have passed on since. I owned a dive shop from 1960 to 1985 and began diving shipwrecks and have dived 120 along New South Wales coast from my base in Sydney. I have been collecting post cards of Australian shipwrecks since 1985, then in 2007 I began taking photos of bells from shipwrecks and making them into a post card. By end 2015 I expect to have 100 Shipwreck bells post cards with only one million to do! See my web site: shipwreckbells.blogspot.com.au A comment I have is that I find that site that have coloured text is a pain! I know of Leigh Bishop, U.K. Yours, JS.