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1937 Bugatti 57SC sells for record $9.7 million at Amelia

See this car right here? It may very well be the most valuable Bugatti ever sold at auction. Any 57 would stand among the most sought-after Bugattis among collectors. But this particular 1937 Bugatti 57SC Sports Tourer features unique bodywork from British coachbuilder Vanden Plas. That may make it look more like a Jaguar or Morgan than a Bugatti, but that signature grille tells you otherwise. Chassis number 57541 was showcased at the London Motor Show and featured in some of the company's own literature, then went on to race before and after the War on our side of the Atlantic. In superlative condition, the Vanden Plas Bugatti was valued at $11-13 million heading into the Amelia Island Concours d'Elegance where it was auctioned off by Bonhams this weekend. It didn't quite get there, but at $9,735,000, the auctioneer lauds this as "the most valuable Bugatti ever sold at auction and the most valuable car ever sold at Amelia Island." That may not actually be accurate, though. Sports Car Market logs a '31 Royale that Christie's apparently sold for slightly more at $9.8 million way back in 1987, and Gooding & Company sold a '61 Ferrari 250 GT SWB California Spider for $17 million over the same weekend. One way or another, it's a lot of money, and a beautiful car that one very fortunate owner will be taking home with him (or her) from Florida this week. Check it out in the extensive image gallery above and the video clip below. Show full PR text BONHAMS' SECOND ANNUAL AMELIA ISLAND AUCTION A SMASHING SUCCESS – WORLD RECORDS MADE, SALES NEARLY DOUBLED OVER LAST YEAR, AND THE BUGATTI 57SC BECOMES THE MOST VALUABLE BUGATTI EVER SOLD AT AUCTION For immediate release – 11 March 2016 – Amelia Island, Florida – Held Thursday, March 10th at the spacious and conveniently accessible Fernandina Beach Golf Club, Bonhams' second annual Amelia Island auction was a resounding success with nearly $27.5-million achieved. With an impressively diverse and curated selection of 95 automobiles ranging from 19th century motor carriages to 21st century supercars, the handpicked assembly offered something for every taste and interest. Leading the sale was the singular 1937 Bugatti 57SC Sports Tourer by Vanden Plas. Armed with a generous amount of international buzz from the preceding weeks, this very special pre-war car had the auction tent packed to capacity with bidders and spectators. With a starting bid of $6-million, the bidding quickly rose to $8-million.

Why the Bugatti Royale was the first car granted diplomatic immunity

Bugatti's cars have participated in the Pebble Beach Concours d'Elegance since the inaugural event was held in 1950. The judges have given the prestigious Best of Show award to a Bugatti nine times, but the firm notes one of the most memorable moments at the concours was displaying the six examples of the Royale on the lawn in 1985. Getting six vehicles together doesn't sound awfully difficult, yet organizing the Royale display was actually a massive undertaking that involved international law and charter flights. Bugatti only built six units of the Royale, a 252-inch-long ultra-luxurious car powered by a 12.8-liter straight-eight engine, between 1926 and 1933. While all of them survived, which is astonishing considering what many went through, they were scattered on both sides of the pond. One of the biggest hurdles was that two of the Royales were located in the fascinating Cite de l'Automobile museum in Mulhouse, France, and they were part of the batch seized from the Schlumpf brothers by the French government. "The museum was worried that if the cars left French soil, the Schlumpf brothers might attempt a legal move to seize the cars back," explained Chris Bock, who played an instrumental role in organizing the display. Bock and his colleagues convinced American government officials to grant the two cars diplomatic immunity. This was the first time a car had benefited from this status. However, at the time, cargo flights from France to the United States stopped in Canada to refuel, and the immunity wasn't valid on Canadian soil, so Air France operated a direct flight from Paris to Los Angeles to get the Royales to the Pacific coast. And then, one flight became two. Still worried about retaliation from the Schlumpf brothers, the museum insisted that each car be transported separately. Sending the four others to Monterey was simple. Two were in the William F. Harrah collection in Reno, Nevada, and one was in the Henry Ford Museum in Dearborn, Michigan. The sixth arrived in an even more laid-back manner. "Then, a guy arrived with the sixth Royale, which belonged to (American race car driver) Briggs Cunningham. He'd towed it on an open trailer with a Ford F-250 pickup truck. He said: 'oh, it'll be fine, we'll just throw a tarp over it,' while everyone else was running around hyperventilating," remembered Bock. Arranging the display wasn't easy, but it paid off.

UPDATE: Porsche could raise its stake in Rimac, and Rimac weighs in

CLARIFICATION: An earlier version of this Reuters story said Porsche could raise its stake in Rimac to nearly 50%, but Rimac reached out to Autoblog to say that's not so. Here is a statement from Mate Rimac: "We have a very strong partnership with Porsche that is key for Rimac Automobili. Porsche is a shareholder in Rimac since 2018 with 15.5% ownership currently, accumulated over several rounds of investment. While it is true that we are discussing further expansion of this collaboration that will lead to increase of Porsche's stake in Rimac Automobili, some media have mistakenly reported that Porsche would take over 50% or nearly 50% of the company.   We are very happy that the partnership with Porsche will strengthen even further, but it is in the interest of both Rimac and Porsche that Rimac is a fully independent company. We are working with many car companies that are not our shareholders and there is a clear separation between shareholding and projects. It is very important to us that our industry customers have the peace of mind that Rimac is independent and that there is an "Information Firewall" between projects and shareholders (not only Porsche, but also Hyundai and others) - and this will not change. Confidentiality is very valued in the industry and one of the basics for collaboration between companies. Our shareholders are happy with such an arrangement and expect the same level of professional behaviour and confidentiality for their projects and customer projects.   So, the point is: Porsche's stake will increase but nowhere near to 50% and Rimac will remain independent with many industry customers that are not our shareholders/investors." The original story, with the 50% reference removed, appears below.   FRANKFURT — Volkswagen unit Porsche is participating in a financing round of Rimac Automobili that will see the electric supercar maker raise 130 million-150 million euros ($157 million-$181 million), its owner Mate Rimac told weekly Automobilwoche. The fundraising should be completed in two to three months and another round is planned at the end of the year, Rimac told the trade journal. Porsche owns a 15.5% stake in Rimac Automobili and could raise its stake in a deal that would also include the transfer of Volkswagen's supercar brand Bugatti to Rimac, Automobilwoche said. Volkswagen and Rimac were not immediately available for comment on Sunday.