Rare 1930s Bugatti found in workshop expected to fetch up to $9.5 million at auction

A rare 1937 Bugatti Type 57S discovered in a British workshop is to be auctioned next month, with a price estimate of between £5 million and £7 million ($6.7 - $9.5 million.)

The "outstanding" Bugatti is in "exceptionally rare condition" and is being sold by Bonhams after being found in the workshop of its late owner, engineer and car enthusiast Bill Turnbull, in the English county of Staffordshire, the auction house said. Turnbull, originally from New Zealand, purchased the vehicle from its previous owner in 1969 and then set about quietly restoring it.

Over the five decades since, the Bugatti was all but forgotten. At the time of Turnbull's death in 2020, the restoration project was almost complete.

One of the most fascinating features of the car is that the chassis of the car is thought to have first been produced for the record-breaking, Grand Prix-winning Bugatti Type 57G Tank racing car model -- of which only three were made.

A spokesperson for the auction house explained that the car body had been built around the chassis, which had essentially been recycled by Bugatti.

"So it's not only a missing Type 57S, it's one of the missing chassis that was very important at that time," said Gilbertson.

The Bugatti is to be auctioned by Bonhams in London on February 19.

*Content Comes from CNN Article